Ratan Tata Success Story: How Ratan Tata Built an Empire?

Ratan Tata Success Story
Ratan Tata Success Story- Ratan Naval Tata or commonly known as Ratan Tata, is the coolest business tycoon of India. Not only is he a businessman but also an industrialist, investor, philanthropist and the former chairman of the company Tata Sons. Indeed, Ratan Tata’s success story is worth commendable. It did not take one day for Ratan Tata to become what he is now. His struggle life too should be noticed. He was born on 28 December 1937. The most interesting fact about Ratan Tata is that he is a recipient of two highest civilian awards of India – Padma Vibhushan and the Padma Bhushan.

Ratan Tata Success Story:

Ratan Tata is a strong believer of giving wealth back to the people. In this case, he is successful for about 60 – 65 %. He returned back the money in the form of education, medicine and rural developments. All these demands to focus on Ratan Tata’s biography. Ratan Tata Success Story

 The early life of Ratan Tata

Being the son of Naval Tata, Ratan Tata actually is not a direct descendant of the Tata family. He has been adopted from an orphanage known as the J.N. Petit Parsi Orphanage by his grandmother Navajbai Tata. Both his father and mother, Naval and Sonoo got separated in the year 1948. Back then, Ratan Tata was just ten years and his younger brother Jimmy was seven. Both the brothers were looked after and raised by the grandmother. Ratan Tata has a step-brother too. He is the first son of his father Naval and stepmother Simone Tata. His mother tongue is Gujarati. Speaking of his school life, Ratan Tata went to the school in Mumbai and Shimla, in Cathedral and John Connon School and Bishop Cotton School respectively.  He did his graduation from the Riverdale Country School in the year 1955. In 1962, he got a B. Arch degree in architecture with structural engineering from the Cornell University. Later, he completed the Advanced Management Program in 1975 from the Harvard Business School.

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Tata’s business career

Ratan Tata’s life journey began at the Tata Group in the year 1961. He began just like any other shopkeeper, on a retail store of Tata Steel. The shop sold all factory items. In fact, behind the shop was a huge factory that shoveled limestone and handled blast furnaces. During the 70s, he was given the charge of companies like Nelco and Empress Mills. So, you can say that Ratan Tata’s success story began just as any other worker in the Tata group. The year 1991 was a turning point in the personal life of Ratan Tata. In the year of 1991, J.R.D Tata retired from the chairmanship of the company Tata Sons and took the name of Ratan Tata to be his successor to the throne. When things were settled down, he started facing hardships from many company heads. They could not accept that fact that a young boy like Ratan Tata will dominate them and be their boss. Ratan Tata took a step here. He setup an age of retirement and began replacing them. He asked all the employees to contribute something or the other to build the group of Tata and take it to a different level. Ratan Tata’s success story continued successfully for 21 years by being the chairman of Tata Group. During this period, the company revenue grew several times, and earned a profit of more than 50 times. He made Tata Tea acquire the Tetley, Tata Motors acquire the Jaguar Land Rover and Tata Steel to get Corus. All these factors turned Tata Group to a worldwide business. A major creation of the Tata Group and a part of Ratan Tata’s true success story is the conceptualization of the Tata Nano car. In an interview for the Creating Emerging Markets in the Harvard Business School, he said that “the developing of the Tata Nano was significant. This is because it helped people to avail cars at a very low price. Further, it was within reach of the middle-class consumers.” However, Ratan Tata’s success story ended as soon as he reached the age of 75. He resigned from the executive body of Tata Group and appointed his successor as Cyrus Mistry. Unfortunately, Cyrus Mistry was withdrawn from that chair and Ratan Tata was further made the interim chairman. This decision went on viral and was under the keen scrutiny of media personnel. Further, on 12 January 2017, the chairman post of the Tata Group was again filled by Natarajan Chandrasekharan. Ratan Tata further invested in Snapdeal, Teabox and CashKaro.com. Besides, his small-time investments include Ola Cabs, and Paytm. It has been reported that Ratan Tata has acquired quite a good stake in the smartphone Chinese startup company Xiaomi. In the month of October 2015, he started a partnership with the American Express. Next, in 2016, he further put his share in Nestaway.

Awards and accolades

In 2000, Tata has conferred the highest third civilian honor of the government of India, the Padma Bhushan. Next, in 2004, he received the ‘Medal of the Oriental Republic of Uruguay’. His other honorary awards and achievements include International Distinguished Achievement Award, Honorary Fellowship of the London School of Economics and Political Science, Padma Vibhushan, Award of Grand Officer of the Order of Merit of the Italian Republic, and the list goes on and on. Indeed, Ratan Tata’s inspirational story is one worth praising.