Thursday, December 27, 2012

Ratan Tata to retire on 28th Dec,2012

Tata, who turns 75 tomorrow will be retiring from the USD 100 billion global conglomerate.Ratan Naval Tata ,born 28 December 1937 is an Indian businessman of the Tata Group .He was the chairman of the group frm 1991 to 2012. He is an Indian industrialists as well as a philanthropists.Tata received the Padma Bhushan, one of India’s most distinguished civilian awards, in 2000 and Padma Vibhushan in 2008 and Lifetime Achievement Award awarded by prestigious Rockefeller Foundation in 2012.

Tata began his career in the Tata group in 1962; he initially worked on the shop floor of Tata Steel, shovelling limestone and handling the blast furnace.In 1991, JRD Tata stepped down as Tata Industries chairman, naming Ratan as his successor.In 1991 he was appointed as the chairman of the Tata group. Under his stewardship, Tata Tea acquired Tetley, Tata motors acquired Jaguar Land Rover and Tata Steel acquired Corus, which have turned Tata from a largely India-centric company into a global business, with 65% revenues coming from abroad. He also pushed the development of Indica and the Nano.

2012 Honorary Degree The University of New South Wales 
2010 Business Leader of the Year The Asian Awards. 
2010 Honorary Doctor of Laws Pepperdine University.  
2010 Legend in Leadership Award Yale University. 
2008 Honorary Doctor of Science Indian Institute of Technology Kharagpur. 
2008 Honorary Doctor of Law University of Cambridge.  
2007 Carnegie Medal of Philanthropy Carnegie Endowment for International Peace 
2005 Honorary Doctor of Science University of Warwick. 
2004 Honorary Degree of Doctor of Technology Asian Institute of Technology. 

A quick look

Ratan N Tata has been the Chairman of Tata Sons, the promoter holding company of the Tata group, since 1991. He is also the Chairman of the major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices. During his tenure, the group’s revenues have grown manifold, totalling over $100.09 billion in 2011-12.
Mr Tata also serves on the board of directors of Alcoa. He is also on the international advisory boards of Mitsubishi Corporation, the American International Group, JP Morgan Chase, Rolls Royce, Temasek Holdings and the Monetary Authority of Singapore.

Mr Tata is also associated with various organisations in India and overseas. He is the Chairman of two of the largest private-sector-promoted philanthropic trusts in India. He is a member of the Indian Prime Minister’s Council on Trade and Industry. He is the President of the Court of the Indian Institute of Science and Chairman of the Council of Management of the Tata Institute of Fundamental Research. He also serves on the board of trustees of Cornell University and the University of Southern California.

Mr Tata joined the Tata group in 1962. After serving in various companies, he was appointed Director-in-charge of the National Radio and Electronics Company in 1971. In 1981, he was named Chairman of Tata Industries, the group’s other promoter holding company, where he was responsible for transforming it into a group strategy think-tank, and a promoter of new ventures in high technology businesses.

Mr Tata received a Bachelor of Architecture degree from Cornell in 1962. He worked briefly with Jones and Emmons in Los Angeles before returning to India in late 1962. He completed the Advanced Management Program at Harvard Business School in 1975.

The Government of India honoured Mr Tata with its second-highest civilian award, the Padma Vibhushan, in 2008. He has also received honorary doctorates from several universities in India and overseas.