Ratan Tata

BY:VARUN YADAV

BIOGRAPHICAL SKETCH

BACKGROUND

&EDUCATIO

N

PROFESSIONAL

ACHIEVEMENTS

Background• Ratan Naval Tata, chairman of the Tata Group, one of India's

largest corporation.• Born into the wealthy and famous Tata family of Mumbai, on

December 28th 1937.• Great grandson of Tata group founder Jamsetji Tata.• Raised by grandmother Lady Navajbai as his parents

separated when he was 7 years old.• A business tycoon who is shy by nature and does not believe

in flaunting. • He is single and leads a modest lifestyle in his bachelor

apartment in Mumbai's Colaba district.• Basic Values - Ethics, integrity, social consciousness, fairness .

Education

• Alumnus of the Cathedral and John Connon School in Mumbai.

• Bachelor of Science degree in architecture from Cornell University in 1962.

• Completed the Advanced Management Program from Harvard Business School in 1974-1975.

• Honorary doctorate in business administration by Ohio State University, an honorary doctorate in technology by the Asian Institute of Technology, Bangkok and an honorary doctorate in science by the University of Warwick.

FAMOUS QUOTES “I am proud of my country. But we need to unite

to make a unified India, free of communalism and casteism. We need to build India into a land of equal opportunity for all. We can be a truly great nation if we set our sights high and deliver to the people the fruits of continued growth, prosperity and equal opportunity.”

“If you put a gun to my head, you had better take the gun away or pull the trigger, because I'm not moving.”

OTHERS VIEW• "He has a tremendous technological brain" says

Tata Steel Managing Director B. Muthuraman• "While he doesn't look it, he's one of the

toughest people I've ever known" says Muthuraman

• "Tata has shown that there is no other way he will do business other than do it ethically" says Gopalakrishnan, Executive Director of Tata Sons

Professional Career• Joined the Tata Group in Dec. 1962

• Was first sent to Jamshedpur to work at Tata Steel.

• Director-in-charge , National Radio & Electronics

Company (NELCO) 1971.

• Chairman of Tata Industries in 1981.

• Took over the Chairmanship from JRD Tata in 1991.

• Under his guidance, TCS went public and Tata Motors

was listed in the NYSE.

Personality at a glance

• Dignified• Ethical• Dependable• Believed in keeping promises

and maintaining relationships• Loyal• Questioned the unquestionable• Risk taker not a speculator

Continued……

• Grace, composure and nerves of steel• Brave- fought corruption• Grit and determination• Perseverance• Tough, cool and calculated handler• Exemplary Leadership Qualities• Tremendous Motivator

In a nutshell

• Transition from shy, inept to the most admired and respected businessman in the country

• Adherence to noble principles• Astute business acumen• Inner steel-like strength• Inherent fairness to the shareholders and

business associates• Dignified demeanor all the time.

Personality Analysis

MBTI: INTJ

Shy and reticent in gatherings

(However, warm, outgoing, able to motivate)

Intuitive

Honest to the core

Innovative and Conceptualizer – Nano

Continued…

• BIG FIVE MODEL

Average on Extroversion

Average on Agreeableness

High on Conscientiousness

Average on Emotional Stability

Always open to experience

• Type B Personality

• Proactive

Why is he a great leader?

• Visionary

• Strategist

• Initiator

• Risk Taker

• Expertise

• Integrity

Leadership Roles:

• Figurehead

• Resource Allocator

• Entrepreneur

• Disturbance Handler

Leadership Qualities:• Self Esteem

• Internal Locus of control

• Strong Motivation

• Need to achieve

• Situational Behavior

• Goal orientation

• Courage

Ratan Tata on Leadership grid:

HIGH

LOW

1LOW

9HIGH

CONCERNFOR PEOPLE

CONCERN FOR PRODUCTION

Analysis on the basis of different theories:

• Ohio state studies

• University of Michigan studies

• Cognitive Resource theory

• Hersey and Blanchard’s situational theory

• Path goal theory

Achievements• In 1998, Tata Motors came up

with Tata Indica, the first truly Indian car.

• Padma Bhushan in 2000 • Padma Vibhushan in 2008.• Acquisition of Corus Group, Anglo-

Dutch steel and aluminium producer in Jan. ‘01.

• Bought Jaguar & Land Rover from Ford Motor Company Mar. ’08

• NANO

VISION“One hundred years from now, I expect the

Tatas to be much bigger than it is now. More

importantly, I hope the Group comes to be

regarded as being the best in India.. best in

the manner in which we operate, best in the

products we deliver, and best in our value

systems and ethics. Having said that, I hope

that a hundred years from now we will

spread our wings far beyond India.”

MIELSTONE

(1962)Joins Tata Group after studying architecture at Cornell in US. Next 6 years, he has assignments in Jamshedpur at Tisco and Telco.

• (1978)Sends a confidential note to JRD Tata on the groups long term direction, defining objectives and creating a new structure.

MIELSTONE

(July 1981)Sends another note JRD on the need to operate as a unified organization rather then a loose confederation of states , which Tata was seen as then.

(September 1981)JRD sees the spark in Tata: appoints him director in 2 holding companies and elevates him to chairman of Tata Industries.

MIELSTONE

• (1982) while his mother is undertaking treatment of cancer in New York, Ratan starts scripting a blueprint for house of Tatas.Enter into high –tech sectors ,group all Tata companies into 8 synergistic clusters.

• (1988) Elected chairman of Telco.

MIELSTONE

• (1989)Elected chairman of Ratan Tata Trust after the death of his Father Naval death.

• (1991) 87 Year old JRD Tata resigns as chairman,reccomends Ratan Tata as successor. All 16 members of board agree.

MIELSTONE

• (1993) Presides over a meeting that sets a retirement age for senior management ,after Tisco chairman Russi Modi walks out of the meeting ,declaring it close.

• (1998) A group Executive officer is established, comprising Ratan Tata and 5 other members, to oversee the performance of the companies.

MIELSTONE

• (1999) Six years after he suggested a made in – India -car- indica is launched . Italian styling, French engine design, Japanese instrumentation and Indian engineering.

• (1999) Tata unveil new group logo.

MIELSTONE

• (2000)Tata acquires Tetley for $341 million, the biggest overseas acquisition by any Indian company.

• (2002) Tata acquires controlling stake in VSNL.

MIELSTONE

• (2004)Tata motors list on NYSE,buys the heavy vehicle unit of Daewoo Motors, South Korea .

• (2005)Yet more acquisition : Singapore Steel based company NatSteel, cable company Tyco global network and the hotel in New York.

MIELSTONE

• (2007)In a keenly contested battle, Tata steel acquires Anglo Dutch company Corus and becomes the world 5 th largest steel manufacturer.

• (Jan 2008) Drives in the 1 lakh car, Nano,which he spoke about publicly in 2003.

MIELSTONE

• (Nov 2009) Announces the search of his successor is on.

• (Aug 2010)Tata announces the formation of 5 member panel to select Ratan Tata successor.

THANKYOU