Ratan Tata is an Indian Business Tycoon, TATA Chairperson, Entrepreneur, Investor, and Philanthropist from Mumbai city in India. He is well- known as the former chairman of the Tata Group. His age is 85 years as of 2023.

Family

Ratan Tata belongs to the Tata family. His father “Naval Tata” was also the former chairman of Tata Group. His mother “Soonoo” was a homemaker. He has two younger brothers in his family. His younger brother “Jimmy Tata” is a shareholder. Ratan’s parents are divorced after his birth in 1940.

His dad gets a second marriage with a Switzerland lady named “Simone” in 1955. Noel Tata is his stepbrother in his family. Noel is a vice-chairman of Titan Company and a successful businessman.

Education

Ratan Tata is very good at studies from childhood. Tata joined “The Cathedral And John Connon School” in Mumbai for his education. He studied there till the 8th standard. After that, he attends “Bishop Cotton School” in Shimla for completed his schooling.

He moved to New York and took admission in “Riverdale Country School” for his graduation. Because he belongs to an engineering background so he decided to complete his degree in Architecture.

He got the degree of Architecture from Cornell University. Late, he moved to Boston, Massachusetts to attend the Harvard Business School. In that Institute, he studied the 7-week advanced management program. He is a humble and kind person.

Tata is a very big company, which is run India and other countries for the past 140 years. The company has more than 90 branches in different sectors.

The Tata industry is dealing with engineering, services, consumer products& chemicals, materials, and communications and information technology.

This is the largest group in the country, which works in more than 80 countries. The company gives employment to more than 4.1 lacs people. The Tata groups hold the 3.5 million shareholder base and $99.78 billion market capitalization in worldwide.

Honors & Awards

Ratan Tata is the recipient of two of the highest civilian awards in India, the Padma Vibhushan(2008) and Padma Bhushan(2000). Some more of them are:

• He got the Honorary Doctor of Business Administration by Ohio State University in 2001.
• He got Honorary Doctor of Technology by Asian Institute of Technology in 2004.
• He got Honorary Doctor of Science by University of Warwick in 2005.
• He got Honorary Doctor of Law by University of Cambridge 2010.
• He got Honorary Fellowship by The Institution of Engineering and Technology 2008.
• He got Honorary Doctorate by Swansea University in 2018.
• He also got Assam Baibhav by Government of Assam in 2021.

Philanthropic Work of Ratan Tata

Being a supporter of education, medicine, and rural development, Ratan Tata supported the University of New South Wales Faculty of Engineering to provide improved water for challenged areas.

Tata Education and Development Trust endowed a $28  million Tata Scholarship Fund that will allow Cornell University to provide financial aid to undergraduate students from India. The annual scholarship will support approximately 20 students at a given time. 

Tata Group companies and Tata charities donated $50 million in 2010 to Harvard Business School (HBS) for the construction of an executive center.

Tata Consultancy Services (TCS) donated $35 million to Carnegie Mellon University (CMU) for a facility to research cognitive systems and autonomous vehicles. It is the largest ever donation by a company and the 48,000 square-foot building is called TCS Hall.

Tata Group donated Rs. 950 million to the Indian Institute of Technology, Bombay in 2014 and formed Tata Center for Technology and Design (TCTD). It was the largest ever donation received in the history of the institute. 

Tata Trusts also provided a grant of ₹750 million to the Centre for Neuroscience, the Indian Institute of Science, to study mechanisms underlying the cause of Alzheimer’s disease and to evolve methods for its early diagnosis and treatment.

Tata Group also formed the MIT Tata Center of Technology and Design at Massachusetts Institute of Technology (MIT) to address the challenges of resource-constrained communities, with an initial focus on India

Ratan Tata is the chairman of the Tata Group, as well as, other major Tata companies, and has a net worth of $1 billion which is around 8250 crores in Indian Rupees. Ratan Tata has accumulated his net worth through his career at Tata Sons.

He started out shoveling limestone and tending to the blast furnace, in Jamshedpur, on the ground floor. In 1971, he became the Director of NELCO, which was not doing so well, at the time. He was able to up the market share by 23%, but the company quickly began to decline, due to labor issues and the economy.

He helped to turn around the Empress Mills, but, because he wasn’t allowed the Rs 50 lakh he needed, the company hit bottom, and was shut down in 1986. Since then, Ratan has taken over the position of Tata Industries chairman, after JRD Tata stepped down, in 1981 and has become group chairman of the Tata group.

He was responsible for obtaining many companies, such as, Tetley, Land Rover, Corus and Jacquar. Other major Tata companies include Tata Steel, Tata Motors, Tata Teleservices, The Indian Hotels Company, Tata Power, Tata tea, and Tata Chemicals. Ratan Tata is known for turning Tata into a world wide success.

1. What is the motto of Ratan Tata?
Ans. “If you want to walk fast, walk alone. But if you want to walk far, walk together”.

2. Who designed Tata new logo?
Ans. The Tata logo, designed by the Wolff Olins consultancy, has a lot of meaning in it.

3. Who is the brand ambassador of Tata?
Ans. Lionel Messi, the Argentine national and ex-Barcelona player was signed, and Tata became the first Indian brand to be endorsed by the international superstar.

4. What type brand is Tata ?
Ans. Tata Motors is a leading global automobile manufacture of cars, utility vehicles, buses,…

5. Is Zara owned by Tata?
Ans. Inditex Trent, its joint venture with Tata that runs 21 of Zara stores in India, saw revenue expand to Rs 1815 crore last fiscal, according to Trent’s annual report.

6. What is the ranking of Tata?
Ans. Top 100 Most .Valuable Brands in 2022: Annual Global 500, 2022, has come up with its annual global list comprising of the most valuable brands across the globe. Only Tata Group managed to feature in this illustrious list as the only Indian company to be ranked at 77th position.