It is necessary to be up and down in life Because straight line even in ECG means death.
Childhood and Education
Ratan Tata was born in 28 December 1937, Bombay (Mumbai) in Parsi family. Father name was Naval Tata and mother name was Sonu Tata. Initial study was done in Cathedral and John Cannon School, Mumbai and Bishop Cotton School Shimla. In 1948 when Ratan Tata was 10 years old his parents got divorce and after that his grandmother brought him up. Willing to be an architect took admission in Cornell University in America. He was very shy person and did not believe in fake social brightness.
Ratan Tata never used his name during study and after study he used to do some petty works like utensil washing, etc. in 1959 he got degree in bachelor of architect.
Failure and Success
Since 1961 he had started his career working in Tata Steel shop floor and till 1970 according to Tata tradition he worked in many company of Tata group.
In 1970 he was promoted in management and in 1971 responsibility of Nalco Company which built Radio and TV and it was already running in loss handed over to Rattan Tata. In next 3 years it grew and shares increased from 2% to 20%. But due to emergency and Recession Company had to be closed. It was the first biggest failure of Rattan Tata.
In 1975 Ratan Tata got degree in management from “Harvard University” and in 1977 responsibility of Company “Express Mill” was handed over to Rattan Tata which was on the verge of shut down. Ratan Tata requested to management to invest Rs 50 lakhs to raise the company but management denied doing so and very soon even this company closed. It was the 2nd biggest failure of Rattan Tata’s life but he learnt lot of from this failure.
In 1981 Ratan Tata was made president and in 1991 he was made chairman of the Tata Industries after that Tata started growing further. Tata already built commercial and passengers vehicles but to fulfill the dream of common man Tata launched “Indica car” on 30 Dec. 1998. It was the dream project of Rattan Tata, but due to criticised by auto analyst in worse manner, the market of “Indica” went down and within a year this project got fail.
Due to partner and investor’s suggestion. Ratan Tata agreed to sell the car industry and along with them he went to “Ford” Company, meeting was held around 3 hours and the owner of “ford” Bill ford was very rude he said to Ratan Tata in meeting, if you had not knowledge how to build a car, why would you come in this industry. I would favour you by buying your car industry. Sentence said by Bill Ford, Ratan Tata took it to heart and after dismissing the meeting he returned overnight and he devoted his most of the time in R & D after few years a new version of “Indica ev2” was launched and very soon it proved to be profitable project.
Buying Ford Company
Other hand “Ford” Company was bearing loss due to its “Jaguar and Land Rover” and it was on the verge of lame duck. This time Ratan Tata approached to “ford” to buy the Company and which “Bill Ford” happily accepted the proposal and Tata bought it in worth 2.3 billion dollars.
Like this Ratan Tata bought many companies.
1 Tetley – A Canadian Company, bought in year 2000 and it became biggest tea’s bag manufacturer company in the world.
2 DAEWOO – A South Korean company, bought in year 2004 Daewoo Commercial vehicle.
3 Corus – A London company, bought in 2007 and turned into Tata steel Europe.
Tata launched “Nano car” in 2008 which was initially proved to be a successful project but due to cheap image it had to bear loss.
Looking at online market Tata invested in many online portals such as OLA, Pay Tam, and Lanskart.com. Xiaomi, Snap deal, Cash karo.com Etc.
At the age of 75 Ratan Tata took retirement on 28 Dec. 2012, he has been bachelor whole life and loves books and animals. He lives in flat with his two dogs at Colaba.
Today Tata industries having more the 100 company and operates in more the 150 countries and more the 7 lakh employees work in Tata.
He donates his 66% profit of income for the love and responsibility of India and he was honoured with Padma Bhushan in 2000 and Padma Vibhushan in 2008.