Ratan tata - Short Biog

Overview

IntroductionSuccess StoryTransformation AgendaQuotes Awards & Recognition

IntroductionBorn on December 28, 1937Graduated with a degree in Architecture and Structural

Engineering from Cornell University.Also completed advanced management programme at

Harvard Business School. Appointed the Director-in-Charge of The National Radio

& Electronics Company Limited (Nelco) in 1971.Became the Chairman of Tata Industries in 1981.Took over as Tata Group Chairman in 1991.

Success Story1962: Graduated from Cornell University with a Bachelor of Science degree in Architecture and Structural Engineering.

Worked with Jones and Emmons in Los Angeles

Joined Tata Steel at Jamshedpur in late 1962

Success Story – (cntd)

1971: Appointed the Director-in-Charge of The National Radio & Electronics Company Limited (Nelco)

1977: Was entrusted with Empress Mills, textile mill controlled by the Tata’s

1981: Appointed as The Chairman of Tata Industries

1991: Took over as group chairman from J.R.D. Tata.

Success Story – (cntd) 1998: Tata Motors came up with Tata Indica, the first truly Indian car.

2000: Tata Tea acquired the Tetley group of the UK for pounds 271 million ($435 million) - the biggest acquisition in the history of Indian Companies.

2003: Stepped down from executive position. Bought the truck unit of South Korea's Daewoo

Motors A stake in one of Indonesia's biggest coal mines,

and steel mills in Singapore, Thailand, and Vietnam

Success Story – (cntd)2004: Takeover of Tony hotels including New York's

Pierre, the Ritz-Carlton in Boston, and San Francisco's

Camden Place.

Purchase of Tyco International's undersea telecom cables.

2007: Tata Sons successfully acquired Corus Group

for an estimated £6.7 billion. “A defining moment for Tata Steel” – Tata said

The man and his dream machine

Year 2008:

“A promise is a promise”, said Ratan Tata unveiling the 'People's Car'

a mini 4-seater priced, as promised five years ago, at Rs 1,00,000 (dealer price)

The man and his dream machine – (cntd)

Nano—which means small in Parsi- Gujarati—turns out to be a font of innovation, generating as many as 40 new patents for Tata Motors

March 2008:Tata Motors under Ratan Tata bought over Jaguar & Land Rover from FordMotor Company. The icons of BritishLuxury, Jaguar and Land Rover wereacquired for £1.15 billion ($2.3 billion).

The transformation agenda...

Returns must be greater than cost of capital. Economies of scale should be derived.Each company must be the industry leader occupying one of the top three positions.The business identified must have potential for high growth and should be globally competitive.

Quotes

Quotes Nothing worthwhile is ever achieved without deep

thought and hard workGood human relations not only bring great personal

rewards but are essential to the success of any enterprise

Awards and Recognition He was honoured with the Padma Bhushan – 26 January 2000

He was awarded the Padma Vibhushan - 26 January 2008

Recipients of the NASSCOM Global Leadership Awards-2008

Accepted the Carnegie Medal of Philanthropy in 2007 on behalf of the Tata family

Awards and Recognition – (cntd)May 2008, he made it to the Time magazine's 2008 list of

the World's 100 most Influential people.

The Asian Institute of Technology, Bangkok conferred the Honorary Degree of Doctor of Technology in 2004

His foreign affiliations include membership of the international advisory boards of

* The Mitsubishi Corporation * The American International Group .