Press space to scroll through posts
Indian Defense
- Joined
- Jan 24, 2024
- Messages
- 3,797
- Likes
- 2,013
Saif
Senior Member
- Joined
- Jan 24, 2024
- Messages
- 16,529
- Likes
- 8,140
- Nation
- Residence
- Axis Group
Ratan Tata passes away
India’s top industrialist and Tata Sons Chairman Emeritus Ratan Tata died in a hospital in Mumbai last night, the company said.
Ratan Tata passes away
Indian Padma Vibhushan industrialist Ratan Tata dies at 86
India's top industrialist and Tata Sons Chairman Emeritus Ratan Tata died in a hospital in Mumbai last night, the company said.
"It is with a profound sense of loss that we bid farewell to Mr Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation," said a press statement by Tata Sons Chairman N Chandrasekaran.
Ratan was admitted to Breach Candy Hospital for age-related ailments.
Indian Prime Minister Narendra Modi paid rich tributes to the industrialist, describing him as a visionary business leader, compassionate soul and an extraordinary human being.
"One of the most unique aspects of Shri Ratan Tata Ji was his passion towards dreaming big and giving back. He was at the forefront of championing causes like education, healthcare, sanitation, animal welfare to name a few," Modi said on X.
Ratan Tata, who ran the conglomerate for more than 20 years as chairman, had been undergoing intensive care in hospital.
He became chairman of the Tata Sons, the autos-to-steel conglomerate, in 1991 and ran the group founded by his great-grandfather more than a hundred years ago until 2012.
He founded telecommunications company Tata Teleservices in 1996 and made IT company Tata Consultancy Services public in 2004.
After stepping down, Ratan Tata was conferred with the title of chairman emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel, and Tata Chemicals, the company website says.
On graduating with a degree in architecture at Cornell University, US, he returned to India and in 1962 began working for the group his great-grandfather.
He worked in several Tata companies, including Telco, now Tata Motors Ltd as well as Tata Steel Ltd and later made his mark by erasing losses and increasing market share at group unit National Radio And Electronics Company.
In 1991, Ratan Tata took charge of the conglomerate when his uncle JRD Tata stepped down with the change of guard coming at a time when India embarked on radical economic reforms opening up to the world.
The Tata group purchased British tea firm Tetley in 2000 for $432 million and Anglo-Dutch steelmaker Corus in 2007 for $13 billion, at the time the biggest takeover of a foreign firm by an Indian company.
Tata Motors then acquired British luxury auto brands Jaguar and Land Rover from Ford Motor Company in 2008 for $2.3 billion.
Ratan Tata's pet projects at Tata Motors included the Indica -- the first car model designed and built in India -- as well as Nano, once projected as the world's cheapest car. He contributed initial sketches for both models.
The Indica was a commercial success but the Nano, priced at just 1,00,000 rupees (about $1,200) and the culmination of Ratan Tata's dream to produce an affordable car for India's masses, was hurt by initial safety issues and bungled marketing. It was discontinued a decade after its launch.
A licensed pilot, Tata would occasionally fly the company plane.
Ratan Tata never married and was known for his quiet demeanour, relatively modest lifestyle, and philanthropic work.
About two-thirds of share capital of Tata Sons, the group's holding company, is held by philanthropic trusts.
Ratan Tata's leadership at Tata had its share of controversy when a bitter public feud broke out after the company ousted Cyrus Mistry, a scion of the billionaire Shapoorji Pallonji clan, as chairman of Tata Sons in 2016.
The Tata Group said Mistry had failed to turnaround poorly performing businesses while Mistry accused Ratan Tata, who was chairman emeritus of the conglomerate, of interfering and creating an alternate power centre at the group.
After he stepped back from the Tata Group, Ratan Tata became known as a prominent investor in Indian startups, backing several companies including digital payments firm Paytm and Ola Electric, a unit of cab ride hailing firm Ola, and home and beauty services provider Urban Company.
Ratan Tata was conferred the Padma Vibhushan award, India's second highest civilian honour, in 2008 for exceptional and distinguished service in trade and industry.
Indian Padma Vibhushan industrialist Ratan Tata dies at 86
India's top industrialist and Tata Sons Chairman Emeritus Ratan Tata died in a hospital in Mumbai last night, the company said.
"It is with a profound sense of loss that we bid farewell to Mr Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation," said a press statement by Tata Sons Chairman N Chandrasekaran.
Ratan was admitted to Breach Candy Hospital for age-related ailments.
Indian Prime Minister Narendra Modi paid rich tributes to the industrialist, describing him as a visionary business leader, compassionate soul and an extraordinary human being.
"One of the most unique aspects of Shri Ratan Tata Ji was his passion towards dreaming big and giving back. He was at the forefront of championing causes like education, healthcare, sanitation, animal welfare to name a few," Modi said on X.
Ratan Tata, who ran the conglomerate for more than 20 years as chairman, had been undergoing intensive care in hospital.
He became chairman of the Tata Sons, the autos-to-steel conglomerate, in 1991 and ran the group founded by his great-grandfather more than a hundred years ago until 2012.
He founded telecommunications company Tata Teleservices in 1996 and made IT company Tata Consultancy Services public in 2004.
After stepping down, Ratan Tata was conferred with the title of chairman emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel, and Tata Chemicals, the company website says.
On graduating with a degree in architecture at Cornell University, US, he returned to India and in 1962 began working for the group his great-grandfather.
He worked in several Tata companies, including Telco, now Tata Motors Ltd as well as Tata Steel Ltd and later made his mark by erasing losses and increasing market share at group unit National Radio And Electronics Company.
In 1991, Ratan Tata took charge of the conglomerate when his uncle JRD Tata stepped down with the change of guard coming at a time when India embarked on radical economic reforms opening up to the world.
The Tata group purchased British tea firm Tetley in 2000 for $432 million and Anglo-Dutch steelmaker Corus in 2007 for $13 billion, at the time the biggest takeover of a foreign firm by an Indian company.
Tata Motors then acquired British luxury auto brands Jaguar and Land Rover from Ford Motor Company in 2008 for $2.3 billion.
Ratan Tata's pet projects at Tata Motors included the Indica -- the first car model designed and built in India -- as well as Nano, once projected as the world's cheapest car. He contributed initial sketches for both models.
The Indica was a commercial success but the Nano, priced at just 1,00,000 rupees (about $1,200) and the culmination of Ratan Tata's dream to produce an affordable car for India's masses, was hurt by initial safety issues and bungled marketing. It was discontinued a decade after its launch.
A licensed pilot, Tata would occasionally fly the company plane.
Ratan Tata never married and was known for his quiet demeanour, relatively modest lifestyle, and philanthropic work.
About two-thirds of share capital of Tata Sons, the group's holding company, is held by philanthropic trusts.
Ratan Tata's leadership at Tata had its share of controversy when a bitter public feud broke out after the company ousted Cyrus Mistry, a scion of the billionaire Shapoorji Pallonji clan, as chairman of Tata Sons in 2016.
The Tata Group said Mistry had failed to turnaround poorly performing businesses while Mistry accused Ratan Tata, who was chairman emeritus of the conglomerate, of interfering and creating an alternate power centre at the group.
After he stepped back from the Tata Group, Ratan Tata became known as a prominent investor in Indian startups, backing several companies including digital payments firm Paytm and Ola Electric, a unit of cab ride hailing firm Ola, and home and beauty services provider Urban Company.
Ratan Tata was conferred the Padma Vibhushan award, India's second highest civilian honour, in 2008 for exceptional and distinguished service in trade and industry.
Saif
Senior Member
- Joined
- Jan 24, 2024
- Messages
- 16,529
- Likes
- 8,140
- Nation
- Residence
- Axis Group
The lasting legacy of Ratan Tata, the business icon
Ratan Tata, the revered chairman emeritus of Tata Sons and one of India’s most respected business magnates, passed away on Wednesday at the age of 86 in a Mumbai hospital.
The lasting legacy of Ratan Tata, the business icon
Ratan Tata leaves a lasting legacy.
Ratan Tata, the revered chairman emeritus of Tata Sons and one of India's most respected business magnates, passed away on Wednesday at the age of 86 in a Mumbai hospital. Known for his humility and visionary leadership, Tata transformed his family's enterprise into a global conglomerate, profoundly influencing India's economy and industrial landscape. Known for his quiet demeanour and steadfast dedication to ethical business practices, he leaves legacy extends beyond the industrial achievements of Tata Group, earning the admiration of millions both in India and abroad.
A visionary leader with humble beginnings
Born in 1937 into the esteemed Tata family, Ratan Tata faced personal challenges early in life, with his parents' separation leading him to be raised by his grandmother. Despite the privileges that came with his family name, Tata's rise was marked by a deep-seated work ethic. Educated at Cornell University in architecture and structural engineering and later at Harvard Business School's Advanced Management Program, he declined a job at IBM to start at the grassroots level in the Tata Group.
In 1962, he joined Tata Motors—then known as Telco—where he began his career shoveling limestone alongside factory workers. This hands-on experience informed his leadership style, cultivating a deep understanding of Tata Group's diverse industries from the ground up. By 1971, he became director of National Radio and Electronics (NELCO), gradually climbing the ranks through hard work and a commitment to operational excellence.
Shaping Tata Group into a global powerhouse
When Ratan Tata assumed the role of chairman in 1991, he inherited a diverse conglomerate with interests ranging from steel to hotels. However, Tata was determined to propel the family business onto the global stage. He undertook a strategic overhaul, restructuring the group's various companies and implementing a new management style focused on innovation, globalization, and ethical practices. This transformation positioned Tata Group as a leader in multiple sectors.
Under Tata's leadership, the company's revenues soared, surpassing $100 billion by 2011. His focus on expansion saw Tata Group acquire renowned international brands, including Tetley Tea for $431.3 million in 2000 and Corus Steel for $11.3 billion in 2007. These bold moves brought Tata Group into markets worldwide, establishing its presence in over 100 countries. The return of Air India to the Tata fold in 2022, a company founded by his uncle J.R.D. Tata in 1932, underscored Ratan Tata's commitment to building on his family's legacy.
Tata Motors: a pioneer in Indian and global automotive markets
One of Ratan Tata's most notable achievements was his transformation of Tata Motors into a key player in the global automotive industry. He led the company's foray into passenger vehicles with the launch of the Tata Indica in 1998, India's first indigenously designed car. Later, in 2008, Tata introduced the Tata Nano, the world's most affordable car, aimed at making safe, personal transport accessible to India's middle and lower-income families. The Nano, while not commercially successful in the long run, highlighted Tata's commitment to addressing local needs through innovation.
In a strategic masterstroke, Tata Motors acquired the British luxury car brands Jaguar and Land Rover from Ford for $2.3 billion in 2008. The acquisition was initially met with skepticism, but it proved to be a remarkable success. Under Tata's stewardship, Jaguar Land Rover returned to profitability, boosting Tata Motors' international profile and solidifying its position in the luxury automotive market. Today, Jaguar Land Rover remains a vital asset for Tata Motors, contributing significantly to the company's revenues.
A relentless risk-taker and the embodiment of Indian industry
Throughout his tenure, Tata's willingness to take calculated risks distinguished him as an unconventional leader in Indian industry. From the acquisition of international brands to entering new sectors, Tata's decisions often pushed boundaries. His penchant for risks extended to diverse ventures, such as Tata Chemicals and Tata Communications, which facilitated the conglomerate's reach into various essential services globally. His business acumen extended across industries, enabling Tata Group to own stakes in everything from steel to software, making Tata a household name in India.
Tata Group's wide-ranging portfolio now includes Tata Steel, Tata Consultancy Services, Tata Power, and Taj Hotels, with a global reputation for quality and reliability. Ratan Tata's leadership not only grew Tata Group's business but also elevated India's profile as a competitive player in the global market.
A lifetime dedicated to philanthropy and social impact
Beyond business, Ratan Tata's legacy is deeply rooted in his commitment to social responsibility. His philanthropic arm, Tata Trusts, is one of India's largest charitable organizations, supporting projects in healthcare, education, and rural development. Notably, during the Covid-19 pandemic, Tata donated ₹500 crore to help mitigate the crisis, exemplifying his dedication to humanitarian causes. Tata Trusts have also funded numerous educational institutions, including the Indian Institute of Science and several Indian Institutes of Management, reinforcing Tata's belief in the power of education.
Ratan Tata's generosity extends beyond Indian borders; he donated $50 million to Harvard Business School for an executive education center. Moreover, his response to the 26/11 attacks in Mumbai, establishing the Taj Public Service Welfare Trust, provided vital support to victims and their families, underscoring his empathy and dedication to social welfare.
A revered figure with a lasting legacy
Ratan Tata's contributions have earned him numerous accolades, including the Padma Bhushan and Padma Vibhushan, two of India's highest civilian honors. Even after stepping down as chairman in 2012, he remains a beloved figure in India, admired not only for his business achievements but also for his humility and ethical approach. He has backed over 50 startups, including Paytm and Ola Electric, underscoring his continued influence on India's evolving economic landscape.
Ratan Tata leaves a lasting legacy.
Ratan Tata, the revered chairman emeritus of Tata Sons and one of India's most respected business magnates, passed away on Wednesday at the age of 86 in a Mumbai hospital. Known for his humility and visionary leadership, Tata transformed his family's enterprise into a global conglomerate, profoundly influencing India's economy and industrial landscape. Known for his quiet demeanour and steadfast dedication to ethical business practices, he leaves legacy extends beyond the industrial achievements of Tata Group, earning the admiration of millions both in India and abroad.
A visionary leader with humble beginnings
Born in 1937 into the esteemed Tata family, Ratan Tata faced personal challenges early in life, with his parents' separation leading him to be raised by his grandmother. Despite the privileges that came with his family name, Tata's rise was marked by a deep-seated work ethic. Educated at Cornell University in architecture and structural engineering and later at Harvard Business School's Advanced Management Program, he declined a job at IBM to start at the grassroots level in the Tata Group.
In 1962, he joined Tata Motors—then known as Telco—where he began his career shoveling limestone alongside factory workers. This hands-on experience informed his leadership style, cultivating a deep understanding of Tata Group's diverse industries from the ground up. By 1971, he became director of National Radio and Electronics (NELCO), gradually climbing the ranks through hard work and a commitment to operational excellence.
Shaping Tata Group into a global powerhouse
When Ratan Tata assumed the role of chairman in 1991, he inherited a diverse conglomerate with interests ranging from steel to hotels. However, Tata was determined to propel the family business onto the global stage. He undertook a strategic overhaul, restructuring the group's various companies and implementing a new management style focused on innovation, globalization, and ethical practices. This transformation positioned Tata Group as a leader in multiple sectors.
Under Tata's leadership, the company's revenues soared, surpassing $100 billion by 2011. His focus on expansion saw Tata Group acquire renowned international brands, including Tetley Tea for $431.3 million in 2000 and Corus Steel for $11.3 billion in 2007. These bold moves brought Tata Group into markets worldwide, establishing its presence in over 100 countries. The return of Air India to the Tata fold in 2022, a company founded by his uncle J.R.D. Tata in 1932, underscored Ratan Tata's commitment to building on his family's legacy.
Tata Motors: a pioneer in Indian and global automotive markets
One of Ratan Tata's most notable achievements was his transformation of Tata Motors into a key player in the global automotive industry. He led the company's foray into passenger vehicles with the launch of the Tata Indica in 1998, India's first indigenously designed car. Later, in 2008, Tata introduced the Tata Nano, the world's most affordable car, aimed at making safe, personal transport accessible to India's middle and lower-income families. The Nano, while not commercially successful in the long run, highlighted Tata's commitment to addressing local needs through innovation.
In a strategic masterstroke, Tata Motors acquired the British luxury car brands Jaguar and Land Rover from Ford for $2.3 billion in 2008. The acquisition was initially met with skepticism, but it proved to be a remarkable success. Under Tata's stewardship, Jaguar Land Rover returned to profitability, boosting Tata Motors' international profile and solidifying its position in the luxury automotive market. Today, Jaguar Land Rover remains a vital asset for Tata Motors, contributing significantly to the company's revenues.
A relentless risk-taker and the embodiment of Indian industry
Throughout his tenure, Tata's willingness to take calculated risks distinguished him as an unconventional leader in Indian industry. From the acquisition of international brands to entering new sectors, Tata's decisions often pushed boundaries. His penchant for risks extended to diverse ventures, such as Tata Chemicals and Tata Communications, which facilitated the conglomerate's reach into various essential services globally. His business acumen extended across industries, enabling Tata Group to own stakes in everything from steel to software, making Tata a household name in India.
Tata Group's wide-ranging portfolio now includes Tata Steel, Tata Consultancy Services, Tata Power, and Taj Hotels, with a global reputation for quality and reliability. Ratan Tata's leadership not only grew Tata Group's business but also elevated India's profile as a competitive player in the global market.
A lifetime dedicated to philanthropy and social impact
Beyond business, Ratan Tata's legacy is deeply rooted in his commitment to social responsibility. His philanthropic arm, Tata Trusts, is one of India's largest charitable organizations, supporting projects in healthcare, education, and rural development. Notably, during the Covid-19 pandemic, Tata donated ₹500 crore to help mitigate the crisis, exemplifying his dedication to humanitarian causes. Tata Trusts have also funded numerous educational institutions, including the Indian Institute of Science and several Indian Institutes of Management, reinforcing Tata's belief in the power of education.
Ratan Tata's generosity extends beyond Indian borders; he donated $50 million to Harvard Business School for an executive education center. Moreover, his response to the 26/11 attacks in Mumbai, establishing the Taj Public Service Welfare Trust, provided vital support to victims and their families, underscoring his empathy and dedication to social welfare.
A revered figure with a lasting legacy
Ratan Tata's contributions have earned him numerous accolades, including the Padma Bhushan and Padma Vibhushan, two of India's highest civilian honors. Even after stepping down as chairman in 2012, he remains a beloved figure in India, admired not only for his business achievements but also for his humility and ethical approach. He has backed over 50 startups, including Paytm and Ola Electric, underscoring his continued influence on India's evolving economic landscape.
Saif
Senior Member
- Joined
- Jan 24, 2024
- Messages
- 16,529
- Likes
- 8,140
- Nation
- Residence
- Axis Group
Modi, Congress leaders pay tribute to Ratan Tata
Indian Prime Minister Narendra Modi tonight paid rich tributes to industrialist Ratan Tata, who passed away at a Mumbai hospital, describing him as a visionary business leader, compassionate soul, and an extraordinary human being
Modi, Congress leaders pay tribute to Ratan Tata
File photo: Reuters
Indian Prime Minister Narendra Modi tonight paid rich tributes to industrialist Ratan Tata, who passed away at a Mumbai hospital, describing him as a visionary business leader, compassionate soul, and an extraordinary human being.
"One of the most unique aspects of Shri Ratan Tata Ji was his passion towards dreaming big and giving back. He was at the forefront of championing causes like education, healthcare, sanitation, animal welfare to name a few," Modi said on X.
Modi also highlighted that Tata provided stable leadership to one of India's oldest and most prestigious business houses, adding that his contribution went far beyond the boardroom.
The main opposition party, Congress, also condoled Ratan Tata's death. The Leader of Opposition in the Lok Sabha, Rahul Gandhi, described Tata as a man with a vision "who has left a lasting mark on both business and philanthropy."
Congress President Mallikarjun Kharge expressed deep sorrow, stating that in Tata's death, "we have lost an invaluable son of India."
"A philanthropist par excellence whose commitment to India's inclusive growth and development remained paramount, Shri Tata was synonymous with unequivocal integrity and ethical leadership," Kharge said on X.
File photo: Reuters
Indian Prime Minister Narendra Modi tonight paid rich tributes to industrialist Ratan Tata, who passed away at a Mumbai hospital, describing him as a visionary business leader, compassionate soul, and an extraordinary human being.
"One of the most unique aspects of Shri Ratan Tata Ji was his passion towards dreaming big and giving back. He was at the forefront of championing causes like education, healthcare, sanitation, animal welfare to name a few," Modi said on X.
Modi also highlighted that Tata provided stable leadership to one of India's oldest and most prestigious business houses, adding that his contribution went far beyond the boardroom.
The main opposition party, Congress, also condoled Ratan Tata's death. The Leader of Opposition in the Lok Sabha, Rahul Gandhi, described Tata as a man with a vision "who has left a lasting mark on both business and philanthropy."
Congress President Mallikarjun Kharge expressed deep sorrow, stating that in Tata's death, "we have lost an invaluable son of India."
"A philanthropist par excellence whose commitment to India's inclusive growth and development remained paramount, Shri Tata was synonymous with unequivocal integrity and ethical leadership," Kharge said on X.
Members Online
No members online now.
Latest Posts
-
-
📰Article Stand Up! It Improves Your Health, Mood, Energy, And Productivity- Latest: PakistanProud
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
W
-
C
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Latest Posts
-
-
📰Article Stand Up! It Improves Your Health, Mood, Energy, And Productivity
- Latest: PakistanProud
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
W
-
C
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
[🇬🇧] Indian Nationals Commit Highest Sexual Offences In UK: Report
- Latest: Krishna with Flute
-
-
-
-
-
-
-
-
-
-
-
South Asia Son of Indus, former Indian PM, Dr Manmohan Singh passes away!!!!
- Latest: Suresh Naresh
-
-
-
-
[🇮🇳] Riots will reduce the population of world's most populous nation by 30%
- Latest: Krishna with Flute
-
-
[🇮🇳] India's giant space leap: After NISAR mission, Isro to launch 6,500-kg US satellite
- Latest: Krishna with Flute
-
-
-
-
-
[🇧🇩] Bangladesh NCP leader says 'will cut off 7 sisters' in fiery anti-India speech
- Latest: Krishna with Flute
-
South Asia India's beautiful architect. Temples, Palaces, Stepwells, Monuments, Sculptures etc.
- Latest: Krishna with Flute
-
[🇧🇩] Indian Aggression and the Activities of RAW /Dismembering Bangladesh
- Latest: Krishna with Flute
-
-
-
-
-
-
-
[🇮🇳] India tests morphing fighter jet wing technology as DRDO reveals new breakthrough
- Latest: Krishna with Flute
-
-
-
-
[🇧🇩] Partnership Between Bangladesh And South Korea
- Latest: Krishna with Flute
-
N
-
-
-
-
