Ratan Tata, one of India’s most admired business leaders, passed away this evening in a Mumbai hospital at the age of 86. As the chairman emeritus of Tata Sons, he was revered not only for his remarkable achievements in business but also for his generous philanthropy.
10 Facts About Ratan Tata:
- Family Legacy: Ratan Naval Tata was the great-grandson of Jamsetji Tata, the founder of Tata Group. He was born in Mumbai on December 28, 1937, to Naval Tata and Sooni Tata.
- Upbringing: After his parents separated in 1948, he was raised by his grandmother, Navajbai Tata.
- Personal Life: Despite coming close to marriage four times, Ratan Tata never tied the knot.
- Love Story: He once shared that he fell in love while working in Los Angeles. However, the 1962 Indo-China War prevented the girl’s family from letting her move to India.
- Early Career: In 1961, Ratan Tata started his career at Tata Steel, working on the shop floor. This hands-on experience shaped his future leadership.
- Chairmanship: He became chairman of the Tata Group in 1991, steering the company founded by his great-grandfather for over two decades until 2012.
- Restructuring Vision: Under his leadership, he restructured the group during India’s economic liberalization, spearheading projects like Tata Nano and Tata Indica.
- Major Acquisitions: Ratan Tata led Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover, and Tata Steel to acquire Corus in 2004.
- Tata Nano: In 2009, he fulfilled his promise of creating an affordable car for the middle class. The Tata Nano, priced at ₹1 lakh, became a symbol of innovation.
- Chairman Emeritus: After retiring, he was honored as chairman emeritus of Tata Sons, Tata Motors, Tata Steel, Tata Chemicals, and Tata Industries.
Ratan Tata’s legacy will continue to inspire generations through his contributions to industry and society.
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