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Introduction
Born in an old Parsi family of Bombay on December 28th 1937, Ratan Naval Tata is the chairman of the Tata Group of Industries. He is the latest in a long line of Tatas to head the family business. He received Bachelor's degree in architecture from Americas Cornell University in 1962.
Introduction(contd.)
He is known to be a supporter of the traditional Parsi way of life. He has a passion for home cooked food and is known to indulge deeply in art collection. A trained pilot who still takes to the skies on his own aircraft has picked up a number of awards. He is known to slip into the front seat alongside his driver to and from work.
TATA GROUP
The Tata group consists of more than 100 companies.(30 companies are publically listed). Tata group is a multinational conglomerate and one of the largest private companies in India. Today, it has a strength of 350,000 employees all over the world and an estimated annual turnover of $98.6 billion US Dollars. Tatas contribution to Indias GDP is nearly 5.5% and more than 2/3 of its revenue comes from foreign countries. Tata group was always known for its business ethics and corporate governance.
Titan Tata Chemicals Tata Share Registry Tata Power Tata Fin AMEX Tata international Tata Home Finance Tata Steel Tata Technologies Tata Tea Tata Refractories Tata Motors Tata Consultancy Services TAYO Rolls Tata Coffee Rallis Telcon Indian Hotels Tata Services Tata Finance Tata SSL Tata InfoTech TRF Voltas Tata Interactive Systems Trent TACO
TQMS TSMG Tata Industries TAL Automation NELCO Tata Tele Services Tata Auto Plastics Tata Johnson Controls Tata Interactive Systems TCE Consulting Engrs. Tata Investment Corps TECS TFS
Change champion
One hundred years from now, I expect the Tatas to be much bigger than it is now. More importantly, I hope the Group comes to be regarded as being the best in India.. best in the manner in which we operate, best in the products we deliver, and best in our value systems and ethics. Having said that, I hope that a hundred years from now we will spread our wings far beyond India.
Visionary
Strategist
"He is a deep thinker and extremely strategic. He is always 2-3 steps ahead"
Initiator
Change Champion
"Ratan was the chief architect of the Corus deal. I was worried about the magnitude and the amount of money. But he instilled confidence."
Risk taker
If you put a gun to my head, you had better take the gun away or pull the trigger, because I'm not moving.
Expertise
"When you come to him for a critical decision, he will give you a very quick answer, his responses would be crisp, leaving no room for doubt.His involvement in crossborder deals could be quite significant. And thats precisely what gives the CEOs the confidence to move ahead without doubts."
A man of integrity
"Tata has shown that there is no other way he will do business other than do it ethically
The reason is that:TATA Group's companies are held by its main Company "TATA Sons" and the owner of this TATA Sons is not Ratan Tata but various charitable organizations developed and run by TATA Group. Out of which JRD TATA Trust & Sir Ratan Tata Trust are the main. 65% ownership of TATA Sons which is the key holding company of the other TATA Group Companies, is held by these charitable organizations
So this 65% ownership of Tata Sons Limited is not reflected on Ratan Tata's personal Financial Statement but on the various charitable organizations. And this is the reason why Ratan Tata is not in the list of Billionaire club.
So, If we put this 65% ownership of Tata Sons in Ratan Tata's own personal financial statement then Ratan Tata's Net worth can become more than $ 70 billion, and that's much more than the Warren Buffet's Net Worth of $ 62 billion. (2008*)
CONCLUSION
RatanTata is well known and highly praised for his