Is there anyone in the business world who has not heard about the Tata Group? Well, it is a NO! Ratan Tata plays a key role in the Tata Group. Ratan Tata is a legendary Indian-born business tycoon and philanthropist.
Ratan Tata passed away on October 9, 2024, at the age of 86. It would be pertinent to describe him as a chairman emeritus of Tata Sons who helped form one of modern India’s largest and most influential conglomerates.
The death of Tata has created ripples within the business world, with many leaders paying their last respects to the icon, among them the Prime Minister of India, Narendra Modi, who described the late business tycoon as a “visionary business leader, a compassionate soul, and an extraordinary human being”.
Tata Sons Chairman, N Chandrasekaran, also mourned the death of Tata, describing the latter as having made valuable contributions that shape the very essence of India.
The market should be keen on the move after Tata’s collective market capitalization rose by 15.4% since June. The stock prices of Tata Group are expected to be volatile in the coming days in the stock market.
This will be a very important factor to look at, and investors will want to see what the group has in stock regarding succession, which is an important factor defining the future performance of the company.
Thus, Ratan Tata, the great Indian industrialist, left an enduring legacy in the Indian business world. Tata was born on December 28, 1937, in Mumbai; he was an adopted child of his grandmother Navajbai Tata after his parents had divorced.
Tata completed his graduation from Cornell University and Management degree from Harvard Business School. He had been the Chairman of Tata Sons since 1991. It is he who took the organization into the international business realm within 21 years.
During his tenure as the head of the Tata Group, the company managed to leave its footprints through various strategic acquisitions. Such acquisitions include Tetley, Jaguar Land Rover, and Corus among others.
Key highlights of his career include:
– Leadership: It is because of the efforts and dedication of Ratan Tata that led to the transformation of the company into a global business.
– Expansion: He strategically acquired Tetley, Jaguar Land Rover, and Corus. These notable acquisitions helped the company achieve a global footprint.
– Philanthropy: The Tata Group under the leadership of Ratan Tata supported education, medicine as well as rural development.
-Leadership: He left an incredible mark on India’s business landscape. This helped him earn the admiration and love of millions.
A primary reason why Ratan Tata has been loved by all is because of his commitment to ethics and social responsibility. He was involved in the founding of the Tata scholarship fund for Cornell University and supported many ends.
Tata stepped down as Chairman in 2012 but continued as Chairman Emeritus till his death at Tata Sons. The great and inspiring examples left will be passed down to successive generations. Even though he has long gone, he served the business community in India in a way that has not been repeated by anyone.
Tata led a simple personal life and refused any luxuries. He had no time for a wife or children, or a family, he was an advocate for work and charity.
His estimated net worth is Rs. 3800 crore. He will always be remembered as a humble and great person.
