Rattan Tata is a prominent Indian businessman, investor, and philanthropist. He is the former chairman of Tata Sons, the holding company of the Tata Group, one of India’s largest conglomerates with businesses in various sectors such as steel, automobiles, hospitality, and information technology.
Early Life and Education:
Rattan Tata was born on December 28, 1937, in Mumbai, India, into a Parsi family. He is the son of Naval Tata, a well-known businessman, and Soonoo Commisariat. He completed his schooling at Campion School in Mumbai and went on to study architecture from Cornell University in the United States. Later, he also pursued an advanced management program at Harvard Business School.
Rattan Tata started his career with the Tata Group in 1961, working on the shop floor of Tata Steel. Over the years, he held various positions in the company before taking over as chairman in 1991. During his tenure as chairman, he transformed the group into a global player, expanding its businesses and operations beyond India. Some of the major acquisitions and expansions made by the group under his leadership include the acquisition of Tetley Tea, Corus Steel, and Jaguar Land Rover.
Apart from his role in the Tata Group, Rattan Tata has also served on the board of various companies such as Alcoa, Mitsubishi, and British Airways. He is known for his business acumen and strategic thinking, which has helped him successfully steer the Tata Group through various challenges over the years.
Rattan Tata is also a well-known philanthropist and has been actively involved in various social causes. In 1996, he set up the Tata Trusts, which is the largest philanthropic organization in India. The trust works towards improving the quality of life of people in various areas such as education, healthcare, and rural development. Some of the major initiatives taken up by the trust include the creation of the Tata Medical Center, a state-of-the-art cancer treatment facility in Kolkata, and the Tata Institute of Social Sciences, which offers courses in social sciences and public policy.
Awards and Honors:
Rattan Tata has received several awards and honors for his contributions to business and philanthropy. In 2000, he was awarded the Padma Bhushan, one of India’s highest civilian awards, and in 2008, he was awarded the Padma Vibhushan, the second-highest civilian award in the country. In 2010, he was listed among the TIME 100 most influential people in the world, and in 2014, he was awarded the Knight Grand Cross of the Order of the British Empire (GBE), one of the highest civilian honors in the UK.