Thursday, Oct 17, 2024 08:30 [IST]
Last Update: Thursday, Oct 17, 2024 02:54 [IST]
Ratan Tata (1937-2024) was one of the most
influential industrialists in India. He was the former Chairman of the Tata
Group. Under Tata's leadership, the Tata Group grew from being just an Indian
company to a world-renowned brand. Tata's achievement is to establish this
domestic industry in to a strong position in the global market.
Ratan Tata was born in Mumbai on December 29,
1937. He spent a significant part of his childhood in Mumbai and Shimla.Ratan
Tata faced personal challenges in his childhood. His parents divorced when he
was 10 years old and he was raised by his grandmother Nabhajbai Tata. He
attended Riverdale Country School in New York and later received a degree in
design and structural engineering from Cornell University. He returned to India in 1962 and joined his
family’s established enterprise. His first job was in Tata Steel, where he
worked on the shop floor, learning about the business from the ground up.
In 1991, Ratan Tata became the chairman of the
Tata Group, following his uncle J.R.D. Tata. This was a time when India was
opening its economy to the world. Under his leadership, the Tata Group grew
quickly and became a global company. When Ratan became the Chairman his leadership qualities were questioned. He
quickly dispelled those doubts by modernizing the company, expanding into new
sectors and making bold acquisitions. Under his leadership, the Tata Group
entered industries such as telecom, steel and automotive. He management
restructured and improved the financial health of the company. He also
restructured the management and improved the company’s financial health.
“Don't wait for opportunities to come to you,
create your own opportunities,” Tata said. Since then, Tata has taken various
innovative and bold decisions that have made the Tata Group an influential
force in the world. Under his leadership, the Tata Group reflected its strong
position in the global market by acquiring international companies such as
Tetley (2000), Chorus Steel (2007) and Jaguar-Land Rover (2008).
Ratan Tata also introduced the Tata Nano in
2008. The Nano was the world’s cheapest car at the time and was designed to
make cars more affordable for many Indian families. Although the Nano did not
become a big success, it showed his interest in making products that could help
ordinary people.
Tata is not only famous for its business. He
was also popular with various philanthropic and social enterprises. He was
involved in various educational and health projects under the Tata Trust to
improve the quality of life of the rural people of India. Under his leadership,
Tata continuously provided scholarships, education and medical facilities to
the people of India.
In 2012, Ratan Tata retired as Chairman of the
Tata Group. He was honoured as Chairman Emeritus. After retirement, he
continued to be involved with the Tata Trust and contributed to charitable
activities. After his retirement, Tata remained active. He had been helping
with charitable causes. Despite his high-profile career, Tata led an ordinary
life. He was single and lived in a modest house in Mumbai. He loved to drive a
Tata sedan.
He died on 9 October 2024 at the age of 86.
His death was a great loss to India and the business world. The Prime Minister
of India Narendra Modi praised him as an
"extraordinary leader"
Ratan Tata's life is a great example of
inspiration. Under his leadership, the Tata Group has become not only an
industrial force but also an integral part of India's development and social
upliftment. His life and philosophy will always inspire others.
(Email: satyabratborah12@gmail.com)