It is very important to have ups and downs in life. Because in ECG also a straight line means death.
This is to say of a great Indian industrialist, Padma Bhushan, Padma Vibhushan Shri Ratan Tata Ji. For the benefit of his country and the people of the country, while taking care of the policy values wholeheartedly. The Tata Group grew. Today we will try to know his life closely. He has also said a wonderful thing. That I do not believe in taking the right decisions. Rather, I will prove them right by taking a decision. The person applying this line completely to himself. Those who took their revenge on their success.
This is one such person. who fell in love four times. But the marriage did not happen. This is such a person. Those who have no blood relation with the Tata family. Rather, he is the adopted son. It is such a person, who has taken Tata to the top under his rule. This is a person who is made of different clay. Call him an industrialist, a patriot, a donor or a successful businessman. Decide this yourself.
They donate up to 66% of their total profits to charity. Apart from being a successful industrialist, he is also a wonderful human being. Anytime any disaster has hit the country. This donor has donated money openly. He has recently donated ₹ 1500 to the Government of India even during the pandemic like Corona Virus.
The Parsis have carved a special place for themselves in Indian society. He has earned that honour. which he really deserves. Along with contributing to the economic development of the country, it has also discharged national and social commitment. With his hard work and dedication, he made his progress. Focused on creating opportunities.
In Navsari, the oldest town of Gujarat, Dadabhai Naoroji was born. In 1947 this area became under Baroda. Dadabhai Naoroji was elected a member of the British Parliament during British rule. Navsari is also the residence of Nusirwanji Tata, the father of Jamshedji Tata, the founder of the Tata family. Jamshedji Tata was also born here. His place of residence is still preserved here in the form of a monument.
The ancestors of Nusirwanji Tata, for many generations, worked as a priest in the Parsi sect. Therefore, he was counted among the respected people of society. Nusirwanji thought of doing something new with the changing times. He came to Mumbai and started exporting. Then he also called Jamsetji to Mumbai. So along with experience in the business field, they can also acquire skills. Nusirwanji got his son to go to Elphinstone College for higher education.
Contribution of Jamshedji Tata to the Tata Group
Jamshed ji, the world leader and the foremost man of Indian industry, was born on 3 March 1839 in Navsari. He is called the father of Indian industry. He completed his education at Elphinstone College. He started a trading firm in 1868 with a capital of Rs 21000. Under this, the supply of military equipment abroad started. In 1869, he bought an old oil mill in Mumbai and converted it into the Alexandra Cotton Mill.
In no time, it became a running mill. Which was sold after 2 years at a profit. The Central India Spinning and Weaving Manufacturing Company were started in 1874 with a capital of 15 lakhs. Inspired by his success, he bought a BIMARU mill in 1886. Which was named Swadeshi Cotton Mill.
Jamshed Ji’s dream of steel making was fulfilled then. When his son Dorabji and cousin R. D Tata established the Tata Iron and Steel Company in the year 1907 at Sakchi. Jamshed Ji built the Hotel Taj Mahal in Mumbai. The hotel was equipped with all the amenities in line with the European standards of the time. On 7 January 1865, the Indian Postal and Telegraph Department issued a postage stamp in honour of Jamsetji.
Early Life of Ratan Tata
Ratan Naval Tata was born in the affluent and famous Tata family on 28 December 1937 in Surat, Bombay Presidency, British India. He is the son of Sunu Kamsiriyat and Naval Hormusji Tata. His childhood was a bit unfortunate. In the year 1948, his parents got divorced. Then he was only 10 years old. After this divorce, his father Naval Tata married a woman named Simone Dunoyer. From this second marriage, his father had another son named Noel Tata.
The divorce of his parents, at this young age, was a big blow to him. Mentally very broken. So Ratan and his half-brother Noel were raised by their grandmother Nawazbai. He was very dear to Grandma. Ratan ji’s grandmother Nawazbai Nawaz and grandfather Sir Ratan Tata were childless. So Nawazbai adopted Naval Hormusji, the son of Hormusji Tata. Hormusji Tata was the spinning master in his textile mill.
Education of Ratan Tata
Ratan Tata’s early education took place at Campion School in Mumbai. He then joined The Cathedral and John Connon School in Mumbai. When he was 15 years old. He was then sent to America to complete his further studies. Where he completed his 12th from Riverdale Country School in New York. He graduated in Architecture and Structural Engineering from Cornell University, the USA in 1958. After this, he did a course in Advanced Management Program at Harvard Business School.
Ratan Tata was an intelligent student in his school. At the same time, he got a job offer from IBM. But Ratan Tata turned down that job. He never took advantage of his name. You will be surprised to know. During college time, he also did work like cleaning utensils for money. They believed that on the basis of my hard work, I would reach any point in my life.
Ratan Tata – Girlfriend and Marriage Secret
This was the biggest secret of Ratan Tata’s life. Why didn’t he get married yet? There has been a lot of speculation behind this. But he always kept this thing in his heart. Eventually, he revealed it, in an interview. In this, he told that after earning his degree in architecture from Cornell University. He started a job in the city of Los Angeles.
For this job, he spent 2 years there. Then he fell in love with a girl who lived there. He still considers those two years of his life as the best time of his life. They both loved each other very much. Both of them had made up their mind to get married. But then something happened. Which ended their relationship, forever.
At the same time, the news of his grandmother’s ill-health reached Ratan Tata. Due to more attachment to his grandmother and not meeting her for 7 years. He came back to India. He also asked that woman to accompany him to India. He said that he will go to India and get married. That girl was ready. But his parents did not allow him to go.
This thing was in the year 1962. When the war between India and China was going on. Due to this war, the parents of that girl refused to let them go. So, the woman promised. She will come to India as soon as the war is over. With this belief, Ratan Tata returned to his grandmother. He came to India and waited for that woman. He was sure that she would definitely come to him. His wait got longer. At last, they got the news. The woman’s parents got her married to someone else.
Hearing this news, he was deeply shocked. His heart was completely broken. Because he had truly loved that woman. He had also promised to him. that he would marry her. But marry that woman to someone else. For Ratan Tata, it became the reason for not getting married for a lifetime. This proves it. That Ratan Tata is so firm in his promises and principles. This is the biggest reason for their success
Ratan Tata – Tata Group Career
Ratan Tata is an Industrialist, Businessman, Philanthropist, Entrepreneur and Investor by profession. Ratan Tata’s career started with Tata Steel. As per the tradition of the Tata Group and his family, he continued to work in different Tata Group companies till 1970. Because his grandfather believed. Until you know your business completely. Till then you cannot own it. He also followed his same words.
After this, in 1970, he was promoted to Management. Then in 1971, he was handed over to the Nelco company. It was a TV and radio manufacturing company. This company was going on loss at that time. With his tireless efforts, this company got a different identity in the market. But due to the economic slowdown in the country, it had to be closed soon. This was the first failure of his life.
Not giving up, he decided to move on. After this, he tried to set up another defunct company, Tata Express Mill. But they could not get success even here. This company also closed down.
In 1991, Ratan Tata was made the chairman of the Tata Group. Till now he had gathered so much knowledge of the business. That is the next 21 years, by working hard. He took the Tata company to the international level. At the same time, expanding his company in India and foreign countries. After the arrival of Ratan Tata, the Tata Group started making profits at 50% per annum. From here he started hoisting his flag in the business world.
Ratan Tata – Take Over Other Companies
After working in the Tata Group for many years, Ratan Tata bought several companies as well. Tata Motors was accompanied by Land Rover and Jaguar. Along with this, there was Tetley Tea Company with Tata Tea. At the same time, along with Tata Steel, he bought many other companies like Corus.
Ratan Tata Graciously Avenged the Insult
The Tata Group already manufactured passenger and commercial vehicles. But to fulfil the car dream of the common Indian. On 30 December 1998, Ratan Tata launched the Indica, a completely made-in-India car. This was the dream project of Ratan Tata. To accomplish this, Ratan Tata worked very hard. But Auto Analyst completely criticized this car.
As a result, the sales of Tata Indica fell drastically. Tata Indica did not get a good response in the market. Within a year, the Tata Indica flopped. Due to this Tata Motors suffered a lot. After this Ratan Tata faced a lot of criticism for his decision. Then some close people happened because of Indica. To make up for the loss, he suggested selling his car business to some other company.
The plan to launch this car was Ratan Tata’s own. He also did a lot of damage. That’s why Ratan Tata considered this suggestion right. He, along with his partners, took the offer to sell it to the Ford Company. Ratan Tata’s meeting with the company lasted for 3 hours. Then the chairman of the Ford Company, Bill Fort, was very rude to Ratan Tata.
In a matter of words, Bill Fort told Ratan Tata that if he did not know how to make a car. So why did you invest so much money in this business? We are doing you a favour by buying this company. This thing hit Ratan Tata’s heart. He came back, leaving the deal overnight. He was feeling humiliated about this. He now had to answer exactly with his success.
Ratan Tata came back, putting all his attention on Tata Motors. He launched Indica-2, a new version of Indica. Within a few years, after suffering initial setbacks, Ratan Tata’s car business began to grow well. Which proved to be a very profitable business. A few years later, the Ford company was making losses because of its Jaguar and Land Rover. By 2008, it was on the verge of bankruptcy.
At that time Ratan Tata offered to buy his luxury car Jaguar and Land Rover. Which Bill Fort happily accepted. Bill Fort, likewise, arrived at the headquarters of the Tata Group with his partners. Just as Ratan Tata had reached his headquarters to meet him. Ratan Tata bought Jaguar and Land Rover for 2.3 billion. This time also Bill Fort repeated the same point. In the last meeting, he had told Ratan Tata.
But this time it was a bit positive. Bill Forte told Ratan Tata. You are doing us a favour by buying our company. Today Jaguar and Land Rover are part of the Tata Group. Which is progressing with great profit. If Ratan Tata wanted, he could have given a befitting reply to the bill. But he was not intoxicated by his success. That is one quality. Which shows the difference between a successful and a great person. This is the lesson we should learn from Ratan Tata.
Charity Work of Ratan Tata
Whenever there is a crisis in our country. Ratan Tata has always come forward to help our country. In 2011, when the 26/11 terror attack happened. Then about 80 employees of his Hotel Taj were killed. After this, he went to the houses of all of them. Those whose loved ones had lost their lives. He took full cost of all of them. Even the petty workers around the hotel suffered from this. Helped all of them financially.
After this, when the threat of Covid-19 came into the country. Then Ratan Tata helped the Government of India with ₹ 1500 crores. During the Pandemic in the country, all the freshers came to the Tata group. It was decided not to fire any of the employees. It had more than 4.5 lakh employees. Then Ratan Tata’s group helped him by not firing even a single employee. Whereas on the other hand, people all over the world were losing their jobs.
Successor of Tata Group after Ratan Tata
TCS CEO and Managing Director Natraj Chandrasekaran is currently the chairman of the 150-year-old Tata Group. He was selected by Tata Group Chairman Ratan Tata after the removal of Cyrus Mistry. Strong leadership ability and closeness to Ratan Tata. It was the main reason for his election. His speciality is that he understands the Tata Group very well. He is associated with this group for the last 35 years.
This is the third such chairman of the Tata Group. Those who do not belong to the Tata family. Ratan Tata’s successor was chosen when asked before leaving. How will you be able to handle the manufacturing business? You do not have any experience in operating a steel or auto sector company. Then Chandrasekaran had a simple answer.
I can’t do everything alone. I need a team to work with me. Chandrasekaran, 59, probably couldn’t have had a more candid and candid answer than this. This is such a strategist. Who has credibility among the boards of the entire Tata Group? Chandrasekaran’s rise to the highest office came from outside the Tata family. Undoubtedly, this is indicative of the culture of respect for talent in the Tata Group.
Tata took over the command of Air India
The Tata group took over the reins of Air India after 68 years. The current chairman of the Tata Group, N. Chandrasekaran bought the debt-ridden Air India from the government. This deal was done for ₹ 18000 crores. In this way, Tata acquired 100% shares of Air India. This is Air India’s homecoming in the Tata group.
Air India was started by the Tata group in the year 1932. Air India was founded by JRD Tata. At that time its name was Tata Airlines. Later, on 29 July 1946, it became a Public Limited. Then its name was changed to Air India Limited.
Ratan Tata Income, Net Worth and Lifestyle
Ratan Tata is not called the Ratna of the country just like that. He has set many such examples in his life. Due to this everyone has become convinced of his kindness. Ratan Tata, the owner of $1.5 billion, is a shy person. They don’t believe in the external glare. Ratan Tata has lived in a bachelor house in Colaba, Mumbai, full of books and dogs, for years. Their monthly income is more than 90 crores. He earns more than Rs 860 crore in a year.