Ratan Tata is the Chairman of the
Tata Group, the biggest conglomerate in India. Tata group is the parent of
Indian Hotels, Tata Power, Tata Steel, Tata Motors, and all the other companies
under the name of Tata.
Tata was born in Mumbai, India on
December 28, 1937. His family was one of the richest in India. Jamsedji Tata, his great grandfather who founded the Tata Group,
pass the inheritance of a powerful conglomerate down to Ratan. However, his
parents broke up in the 1940s so that he and his brother grew up under the care
of his grandma, Lady Navajbai.
He took up structural engineering
and architecture at Campion School in Mumbai. He joined the Tata Group when he
earned his degrees in 1962. His first job was with the Tata Steel where he
shoveled stones and worked with the furnace. Although physically difficult, his
first job helped Tata understand better his family’s business. The job prepared
him for the huge responsibility of taking over the company later on.
In 1971, Tata worked with the
National Radio and Electronics Company Limited (Nelco). He helped this
struggling company but has to move out later because of the economic recession
in the 1970s. He joined another struggling company, the Empress Mills, in 1977.
The Mill shut down in 1986. He moved to another holding company, the Tata
Industries.
At Tata Industries, Tata transformed
the division’s management and vision. The changes brought significant and large
dividends. The success was phenomenal that Tata Group was brought to the New
York Stock Exchange and helped Tata Group obtain international popularity,
power and prestige.
Tata continued to acquire other
companies for the Tata Group. Among the most celebrated acquisitions include
the Corus Group, a steel and aluminum producer, and the Rover and Jaguar brands of Ford Company.
In spite of his fortunes and growing
popularity, Tata maintains a private and simple life in Mumbai, India.
No comments:
Post a Comment