Success Stories

Rise Of Mr Ratan Tata

Written by B2BCHIEF

He also urged Twitter users to abandon the decision to award the octogenarian the highest civilian award, the Bharat Ratna, saying he was instead proud to contribute to India’s growth and prosperity. Ratan Naval Tata is the son of the founder of Tata Steel and Tata Sons and the grandson of Naval, who currently serves as chairman of Tata Trusts. Among his notable achievements was getting Tata Motors to buy Jaguar Land Rover; Tata Tea will take over Tetley, J.P. Morgan will be taken over by Tata Group, Tata Steel will be taken over by Corus and its role in transforming Tata Group into a global company.

Tata is the founder of all major Tata companies, including Tata Steel, Tata Sons, J.P. Morgan Chase & Co and Tata Consultancy Services. While the Tata Group under Ratan Tata excelled in all areas, the growth that the automotive sector has accumulated under him is quite astonishing. According to the figures, Tata Group’s turnover has increased 40-fold and the group’s turnover has multiplied, reaching more than $100 billion in 2011-12. During his time as chairman, more than 90% of the company’s total revenues and profits from 2009 – 10 to 2012 – were generated through the acquisition of Jaguar Land Rover.

Will Ratan Tata succeed in keeping the Tata Group as a family, as JRD has done, and how has the company done in the two decades under Tata?

When Ratan Naval Tata was appointed head of the Tata empire, he was the fourth generation of Tata to join the long line that began with Jamsetji Nusserwanji in 1868, when the first Tata company, Tata Sons, was founded. After the death of Jam Setji in 1904, his son Sir Dorab Tata took over the chairmanship of the Tata Group. He joined the Tata Group companies, where he held various positions in the group, including Chairman of Tata International Limited, and gained experience in Tata companies under J.R.D. Tata, who succeeded him as Chairman of the TATA Group from 1991 to 2012.

Some time later, JRD teamed up with Neville Vintcent, a daredevil Englishman, and Tata Airlines was founded after a protracted battle. During this time, Tata was offered a job as a promoter of Tata Industries in 1962, which was to lead the company and the group. He later spent six months at Telco (now Tata Motors) before joining Tisco, now Tata Steel, in 1963. Tata subsequently resigned from his position as Chairman of Tata Group Holding, Tata Sons Ltd., and established himself in the group, where he took the top positions in 1991 (he will be 75 years old on 28 December). Later that year he spent six years as a senior executive at Tata Telecom, later in his years he spent another six weeks as managing director of Tel co – founder of TATA Motors (as it is now called) before joining Tiscalo, then Tata International Limited, as chairman in 1971.

Ratan Tata was able to build a group of leaders who demonstrated Tata’s values and made a significant contribution to the organization. He brought experienced activists like Palkhivala Mody and Mehta, who are credited with considerable sophistication in group planning, to the group’s top positions and leadership positions.

 

 

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