The icon of India Inc died last night at the Breach Candy Hospital in Mumbai. Former chairman of the Tata Group Ratan Tata, 86, was the man who transformed the company into a global powerhouse and affected society and industry in a profound way.Tata left behind a revolutionary leadership legacy that is characterized by noteworthy achievements in business as well as philanthropy. His innovations and the associated achievements have impacted the society at large and the economy, particularly.
Ratan Tata early life
Born on December 28, 1937, in Bombay (now Mumbai), Ratan Naval Tata belonged to one of India’s most illustrious commercial dynasties – the Tata dynasty. Following his parents’ divorce in 1948, his grandmother, Navajbai Tata, brought him up as her own.
Ratan tata education
He pursued architecture at Cornell University and later attended Harvard Business School for a management program.
Legendary career of Ratan tata
When Ratan Tata had initially entered the Tata Group back in the year 1961, he had already become employed at the Tata Steel factory floor in Jamshedpur. It was 1991 when Tata took over from the legendary uncle JRD Tata, who mostly ended up in the centre of conflict at Bombay House, Tata group headquarters, as Chairman of Tata Sons.
Major Tata enterprises-Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices-all had him as their chairman.His management saw a complete transformation of the group from a revenue base of nearly $5 billion annually to nearly $100 billion. The companies diversified in many fields such as steel, automobiles, information technology, and hospitality; went global; and entered several markets worldwide.
Tata’s globally recognized brand and business strategy provided for business avenues that would continue generating gigantic revenues and advancements in its portfolio to push their business acumen further. Acquisitions such as Toyota (UK), Corus (UK), and Jaguar Land Rover (UK) created nationalistic buyouts of mega businesses that resonated with people’s concerns. This was an expanding market when the group began Tata Teleservices in 1996. Everyone is well aware of the tremendous progress Ratan tata achieved during his tenure as the Chairman of the group.
Ratan tata achievements
Tata Motor’s 1998 launch of Tata Indica, under the leadership of Ratan Tata, was what marked a milestone in the annals of Indian automobiles. It ushered in the first domesticated passenger car on Indian soil, catapulting the country into an automobile revolution. Tata Communications was built around the acquisition of VSNL, Videsh Sanchar Nigam Limited, in 2002, to upgrade the capability group at the telecom end.
Ratan Tata’s dream to make cars more accessible for the Indian masses finally came true when, in 2008, Tata Nano priced at an astonishing Rs 1 lakh was introduced to the market. This technological wonder was aimed at making Indian families own a car. In 2012, after TGB joined forces with Starbucks, its market share around the world in the coffee business dramatically increased.
Man with a golden heart
Tata was very committed to social causes as he gave 65 percent of his profits to trusts that primarily helped in rural development, health, and education. His work was truly felt by people across India. Tata continued to be a part of the group and the philanthropic work even after retirement in 2012.
Ratan tata cause of death
Ratan tata was not keeping too well for the past few days. He was undergoing treatment at the high-profile Breach Candy Hospital in Mumbai. Ratan Tata had hypotensive blood pressure. Because of which his health started becoming weak. His treatment was being managed by Dr. Sharukh Aspi Golwala, who has been working as a cardiologist.
Ratan Tata’s health showed no signs of recovery. With this, age-related problems are making the situation much grimmer. According to Dr. Sharukh Aspi Golwala, Ratan Tata was suffering from hypotension, which means low blood pressure. With this, many of his organs started shutting down one after another. He was also facing dehydration problems. It’s a huge issue in the elderly.
