Ratan Tata – Make a difference (video)

A powerful and inspirational video about – what it means to be wealthy. What does it mean to be rich? Is there a responsibility we have towards society?  What can each and everyone of us do to make a global change happen? What if we feel that this change will never happen? But also about our global responsibility.

Empowering. Profound. True.

Ratan Naval Tata GBE (born 28 December 1937) is an Indian businessman, investor, philanthropist and chairman emeritus of Tata Sons. He was the chairman of Tata Group, a Mumbai-based global business conglomerate from 1991 till 2012, and continues to head its charitable trusts.[2][3] Among awards, he is the recipient of two of the highest civilian awards of India–Padma Vibhushan(2008) and Padma Bhushan (2000).[4] He is an alumnus of The Cathedral & John Connon School, Cornell University & Harvard Business School.

Early life

Ratan Tata is the son of Naval Tata, who had been adopted from J. N. Petit Parsi Orphanage by Navajbai Tata. His parents Naval and Sonoo separated in the mid-1940s when he was ten and his younger brother, Jimmy, was seven years old. Both he and his brother were raised by their grandmother Navajbai Tata.[5] He has a half-brother Noel Tata from Naval Tata’s second marriage toSimone Tata. He schooled in Mumbai, at the Cathedral and John Connon School.[6] He received a B.S. degree in architecture with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975.[7]

ratan-tataCareer

Tata began his career in the Tata group in 1961. He started on the shop floor of Tata Steel, shovelling limestone and handling the blast furnace.[8] He could not turn around group companies, NELCO and Empress Mills, which he was given charge of in the 70s.[9][10] In 1991, J. R. D. Tata stepped down as chairman of Tata Sons, naming him his successor. When he settled down into the new role, he faced stiff resistance from many company heads some of who had spent decades in their respective companies and rose to become very powerful and influential due to the freedom to operate under JRD Tata. He began replacing them by setting a retirement age, and then made individual companies report operationally to the group office and made each contribute some of their profit to build and use the Tata group brand. Innovation was given priority and younger talent was infused and given responsibilities.[11] Under his stewardship, overlapping operations in group companies were streamlined into a synergised whole,[12] with the salt-to-software group exiting unrelated businesses to take on the onslaught of globalisation.

During the 21 years he led the Tata Group, revenues grew over 40 times, and profit, over 50 times.[9] Where sales of the group as a whole, overwhelmingly came from commodities when he took over, the majority sales came from brands when he exited.[13][14] He boldly got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Roverand Tata Steel to acquired Corus. All this turned Tata from a largely India-centric group into a global business, with over 65% revenues coming from operations and sales in over 100 countries.[9][15] He conceptualised the Tata Nano car.[11] As he explained in a recent interview for the Harvard Business School‘s Creating Emerging Markets project, the development of the Tata Nano was significant because it helped put cars at a price-point within reach of the average Indian consumer.[16]

Ratan Tata relinquished all executive power in the Tata group on 28 December 2012, on turning 75, appointing as his successor, Cyrus Mistry, the 44-year-old son of Pallonji Mistry of the Shapoorji Pallonji Group, the largest individual shareholder of the group and related by marriage.[17][18]

Recently, he invested his personal savings in Snapdeal- one of India’s leading e-commerce website and in Jan 2016 made an undisclosed funding in Teabox — an online store selling premium Indian Tea [19] and CashKaro.com[20] — an online discount coupons and cashback website. Ratan Tata has been making small investments in both early and late stage companies in India. He has made INR 0.95 Cr in Ola Cabs[21] and INR 1 Cr in Paytm.[22] In April 2015, it was reported that Tata had acquired a stake in Chinese smartphone startup Xiaomi, with specific terms undisclosed.[23] In Jan 2016, it was reported that Ratan Tata invested in an online Pet care portal called Dogspot[24][25][26]

Board memberships and affiliations

He is the Chairman Emeritus of Tata Sons. He continues to head the main two Tata trusts Sir Dorabji Tata Trust and Sir Ratan Tata Trust and their allied Trusts, with a combined stake of 66% in Tata Sons, Tata group’s holding company.

He has served in various capacities in organisations in India and abroad. He is a member of the ‘Prime Minister’s Council on Trade and Industry’ and the ‘National Manufacturing Competitiveness Council’. He is on the jury panel of Pritzker Architecture Prize[27] – considered to be one of the world’s premier architecture prizes.

He is a director on the boards of Alcoa Inc., Mondelez International[28] and Board of Governors of the East-West Center. He is also a member of the Board of Trustees of University of Southern California, Harvard Business School Board of Dean’s Advisors, X Prize[29] and Cornell University.

He is a member on the board of International Advisory Council at Bocconi University[30]

He is also a member of the Harvard Business School India Advisory Board (IAB) since 2006 and previously a member of the Harvard Business School Asia-Pacific Advisory Board (APAB) 2001-2006.

In February 2015, Ratan took an advisory role at Kalari Capital.

Recently, Ratan Tata has also invested an undisclosed amount in Nestaway in Feb2016 [31] ( source – wikipedia 2016)

( featured images – youtube.com)