Shri Ratan Tata, a name that needs no introduction. Ratan Tata is the former chairman of the Tata Group, and also the great Indian industrialist and philanthropist. He is one of the most famous and richest businessmen in India. But apart from the milestones he achieved through his hard work and determination, he is known for his kindness.
In case, you all don’t know this he strongly believes in donating to society’s welfare. Yes, he founded several charitable organizations for the welfare of the society. According to the IIFL Wealth Hurun India Rich List 2022, Ratan Tata is the 421st richest Indian. This is because Tata Trusts contribute 66% of the earnings made by the Tata firms under the holding company Tata Sons towards charitable purposes.
Ratan Tata Early Life
Ratan Tata was born in Mumbai, on 28 December 1937. His Father Naval Tata, was adopted child by the Tata family, and his mother Sooni Tata, was the niece of Tata group founder Jamsetji Tata. Ratan Tata’s biological grandfather, Hormusji Tata, was a member of the Tata family by blood. In 1948, his parents got separated when he was about 10 years old. Later, he was raised and adopted by Navajbai Tata, his grandmother, and widow of Ratanji Tata. His younger brother Jimmy Tata and a half-brother, Noel-Tata, from his father’s second marriage.
He did his schooling from Campion School, Mumbai till the 8th standard. After 8th, he studied at the Cathedral and John Connon School in Mumbai, the Bishop Cotton School in Shimla, and the Riverdale Country School in New York City, which he graduated from in 1955. After graduating from high school, In 1959, he pursued his bachelor’s degree in architecture at Cornell University.
How Ratan Tata led Tata Group to success?
Initially, He was a manager in the 1970s and after JRD Tata stepped down as the chairman of Tata Sons in 1991, he was named the successor. During his tenure, he implemented a lot of policies and organized the operations of the subsidiaries efficiently to take on globalization.
During the 21 years of his leadership, Revenues and profits of the Tata Group increased immensely. He gave his full focus and attempts on branding which was a game changer for the Tata Group. Commodity sales formed the majority of sales when Tata took over which turned into brand sales by the end of his tenure.
Some of the significant acquisitions during his period include Tata Tea acquiring Tetley, Tata Motors acquiring Jaguar Land Rover, and Tata Steel acquiring Corus. These acquisitions brought a huge change, thereby ranking Tata as a global business with massive international sales. He led the whole operation and development of the Tata Nano Car to make cars affordable for the average Indian.
Ratan Tata’s Net Worth
According to the reports, Ratan Tata’s net worth currently is Rs 3800 crore making him the 421st richest Indian. The majority of his income comes from Tata Sons. While Tata Group is involved in every field be it from salt to top-notch IT services. As per the recent reports of 2022, Tata Enterprises has a combined market value of $311 billion (Rs 23.6 trillion). He donates 66% of the earnings made by the Tata firms for the society’s welfare. He also owns several popular brands.
Ratan Tata Car Collection
Ratan Tata is deeply fond of cars. Therefore, he has an amazing collection of cars. Take a look at his car collection.
- Land Rover Freelander
- Chrysler Sebring
- Mercedes Benz S-Class
- Ferrari California
- Cadillac XLR
- Maserati Quattroporte,
- Jaguar CFTR, and many others.
Ratan Tata Investments
Ratan Tata invested largely in many of the famous companies. Take a look at some of them where he has invested.
- Teabox
- CashKaro.com
- Ola Cabs
- Snapdeal
- Dogspot
- Xiaomi
His Philanthropic Arm
As we all know, he is one the most successful and richest businessmen in India. But then, the first question that comes to everyone’s mind is, Why stands 491 in the list not 1st? This is because he donates 60% of his income to society’s welfare. His company actively contributes to various social causes, running several NGOs. Numerous websites highlight his philanthropic work. It is these altruistic actions that contribute to his popularity and widespread admiration.
