The Great Indians Diary...Ratan Naval Tata.

Ratan Naval Tata (born 28 December 1937) is the present chairman of Tata Sons and therefore, Tata Group.He is also the chairman of major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, The Indian Hotels Company and Tata Teleservices.
The Ratan Tata biography profile tells us that Ratan Naval Tata was born on December 28, 1937 in Mumbai. Ratan Tata biography profile tells us he is the present Chairman of Tata Sons that is the Tata Group. He is also the Chairman of major Tata Companies like the Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, The Indian Hotels Company and Tata Teleservices. We come to know from the biography of Ratan Tata that he has been serving the nation dedicatedly.

 Early life                                             
Biography of Ratan Tata features that he was:

• Born to naval Tata and Soonoo Commisaria, he belonged to the prominent Tata family of the Parsi community. He was the great-grandson of the legendary Tata-group founder Jamshedji Tata. He was raised by his grandmother Lady Navajbai Sett.
• In the year 1962, he completed his B.S. in architecture with structural engineering from Cornell University.
•   In the year 1975, he completed his Advanced Management Program from Harvard Business School.
• According to Ratan Tata biography profile he joined the Tata Group in December 1962 and was the first to be sent to Jamshedpur to work at Tata Steel.

Career at Tata Sons

When he returned to India in 1962 after turning down a job with IBM on the advice of JRD, he was sent to Jamshedpur to work on the shop floor at Tata Steel with other blue-collar employees, shovelling limestone and handling the blast furnace.In 1971, he was appointed the Director of National Radio and Electronics (Nelco), which was in dire straits when he came on board: with losses of 40% and barely 2% share of the consumer electronics market. However, just when he turned it around (from 2% to 25% market share), the Emergency was declared. A weak economy and labour issues compounded the problem and Nelco was quickly near collapse again.
For his next assignment, in 1977 he was asked to turn around the sick Empress Mills, which he did. However, he was refused a Rs 50 lakh investment required to make the textile unit competitive. Empress Mills floundered and was finally closed in 1986.
In 1981, JRD Tata stepped down as Tata Industries chairman, naming Ratan as his successor. He was heavily criticized for lacking experience in running a company of the scale of Tata Industries.
In 1991, he was appointed group chairman of the Tata group. As group chairman, he has been responsible for converting "the corporate commonwealth" of different Tata-affiliated companies into a cohesive company. He has been responsible for the acquisition of Tetley, Jaguar Land Rover and Corus, which have turned Tata from a largely India-centric company into a global business, with 65% revenues coming from abroad. He also pushed the development of Indica and the Nano. He is widely credited for the success of the Tata Group of companies, especially after the liberalization of controls after the 1990s.
In August 2007, Ratan Tata lead Tata Group's acquisition of British steel maker Corus. At that time, this was the largest takeover of a foreign company by an Indian company, and resulted in Tata Group becoming the fifth largest steel producer in the world. According to the BBC, however, some analysts criticized the move, saying that Tata Group had overpaid for Corus and had prioritized national pride before its shareholders.
Tata is set to retire in December 2012 to be succeeded by Cyrus Mistry, the 42-year-old son of Pallonji Mistry and managing director of Shapoorji Pallonji Group.

Personal life

From the Biography of Ratan Tata, we come to know that:

• Mr. Ratan Tata has never been married.
• He owns a Falcon Jet which he likes to pilot himself sometimes.
• Mr. Tata has a metallic blue Masserati and Ferrari California.
• Mr. Tata is a withdrawn man and rarely features in the society glossies.

   Achievements
The Ratan Tata biography profile is dotted with the many achievements and rewards that have come on the path of this man.

• On 26^th January, 2000 ratan Tata was awarded the Padma Bhushan, the highest decoration awarded to any Indian.
•   In 2006 he was awarded with the first Award for Responsible Capitalis
• On 26th January 2008, he conferred the title of Padma Vibhushan, the second highest civilian honor.
• In 2009 he was chosen to be an honorary Knight Commander of the British Empire.
• In 2010, he won the Legend in Leadership award from Yale according to the biography of Ratan Tata.

  Honours, awards and international recognition

  Ratan Tata serves in senior capacities in various organisations in India and he is a member of the Prime Minister's Council on Trade and Industry. Tata is on the board of governors of the East-West Center, the advisory board of RAND's Center for Asia Pacific Policy and serves on the program board of the Bill & Melinda Gates Foundation's India AIDS initiative.
  Ratan Tata's foreign affiliations include membership of the international advisory boards of the Mitsubishi Corporation, the American International Group, JP Morgan Chase and Booz Allen Hamilton. He is also a member of the board of trustees of the RAND Corporation, University of Southern California and Cornell University. He also serves as a board member on the Republic of South Africa's International Investment Council and is a member of the Asia-Pacific advisory committee for the New York Stock Exchange. In 2010, he joined BMB Group as an advisory board member.
  
  
  

  Year	Name	Awarding organization
  2010	Honorary Doctor of Laws	Pepperdine University.
  2010	Legend in Leadership Award	Yale University.
  2010	Businessman of the Decade	Federation of Indo-Israel Chambers of Commerce.
  2008	Honorary Doctor of Science	Indian Institute of Technology Kharagpur.
  2008	Honorary Doctor of Law	University of Cambridge.
  2007	Honorary Fellow	London School of Economics.
  2007	Honorary Citizen of Singapore	Singapore government.
  2007	Carnegie Medal of Philanthropy	Carnegie Endowment for International Peace.
  2005	Honorary Doctor of Science	University of Warwick.
  2004	Honorary Degree of Doctor of Technology	Asian Institute of Technology.
  2004	Honorary Economic Advisor	Hangzhou, China.
  2001	Honorary Doctor of Business Administration	Ohio State University.

• FIRST Award for Responsible Capitalism.
• 26th Robert S. Hatfield Fellow in Economic Education, awarded by Cornell University
• recipient of the NASSCOM Global Leadership Awards (2008)

Conclusion

Ratan Tata biography profile reveals he is the man who walked on the path of the legendary Jamshedji Tata and is contributing endlessly for the development of India. He is a suitable man indeed of the Prime Minister's Council on Trade and Industry and the advisory board of RAND's Center for Asia Pacific Policy.

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