|Ratan Tata Net Worth||$1 Billion USD|
|Full Name||Ratan Naval Tata|
|Source of Wealth||Businessman, Industrialist, Investor & Philanthropist|
|Date of Birth||December 28, 1937|
|Birth Place||Bombay, British India (present-day Mumbai, India)|
|Ratan Tata Age||83|
|Ratan Tata Height||5′ 10” (1.77 m)|
Ratan Tata Net Worth:
Ratan Tata is a businessman, investor, philanthropist, head of Tata Sons and former chairman of Tata group. Born in Bombay, now Mumbai. RataTata is one of India’s top businessmen whose net worth is estimated to be $1 Billion.
Tata Group, a global enterprise (founded in 1868 by Jamsetji Tata ) is India’s largest conglomerate which comprises 30 public listed companies with an estimated market value of around $130 billion.
Tata Sons is the holding company and promoter of Tata companies and owns significant shareholdings in these companies. About 66% of Tata Sons’ equity is held by philanthropic trusts endowed by members of the Tata Family. The Trusts support health, education, livelihood generation and art and culture. In 2019-20, the revenue of Tata companies, taken together, was $106 billion (INR 7.5 trillion).
Ratan Tata Life Story:
Ratan Tata was born on 28 December 1937. He is the son of Naval Tata, Naval Tata (father), and Soonoo Commisariat (mother). Parents Naval and Sonoo separated in 1948 when Ratan was 10 and was raised by the widow of Sir Ratanji Tata, his grandmother, Navajbai Tata. He is the great grandson of Jamshedji Tata, the founder of the Tata group.
He attended Campion School, Mumbai, Cathedral and John Connon School, Mumbai and at Bishop Cotton School in Shimla. In 1955, graduated from Riverdale Country School in New York City.
In 1962, he received a degree in Architecture from Cornell University, New York and then attended an Advanced Management Program from Harvard Business School, US in 1975. On the advice of J R D Tata, Ratan decided to join the family business and turned down a job offer from IBM.
Ratan Tata Career Highlights:
Ratan Tata’s first job as an apprentice was at the Tata group, in 1961. He began his career working on the shop floor of Tata Steel, shovelings limestone and managing the blast furnace.
During the 1970s, he was given charge of Mumbai-based Empress Mills and National Radio & Electronics Company Limited (NELCO), which collapsed during an economic slowdown. In 1991, J R D. Tata named Ratan Tata his successor, the chairman of Tata Sons. It was the 4th generation in the Tata dynasty when Ratan Tata took over the family business.
When he settled down with big responsibilities into the new role, he faced stiff resistance from many companies’ heads. He not only replaced the old staff with new young energy, but also brought about several changes in the conglomerate overall. Companies like Tisco and Telco were renamed as Tata Steel and Tata Motors. Under his leadership, the company’s revenue and profits doubled and it successfully acquired Jaguar, Corus, Land Rover and Tetley.
Soon Tata transformed into a global business from a largely India-centric group, with over 65% revenues coming from sales and operations in over 100 countries. Ratan Tata gained popularity when he introduced the world’s cheapest Indian car Tata Nano priced at 1 lakh rupees and fulfilled Indian consumers’ dream of buying affordable cars. Upon turning 75, Ratan Tata resigned on 28 December 2012 and appointed Cyrus Mistry as his successor. In 2017, Natarajan Chandrasekaran became the chairman of Tata Sons.
Tata’s personal savings Investments include: Snapdeal, Teabox (online premium Indian Tea seller), CashKaro.com, Ola Cabs, Nestaway (online portal to find furnished flats for bachelors) and Dogspot (online pet care portal), Abra (a US Bitcoin Startup). In 2015, Tata had acquired a stake in Xiaomi, a Chinese smartphone company.
In 2017, Tata Motors flagged off the first batch of Tata Tigor electric cars, regarding which Ratan Tata said, “Tigor indicates a willingness to fast-forward India’s electric dream. The government has set an ambitious target to have only electric cars by 2030.”
Ratan Tata Personal Life:
Ratan Tata is unmarried but confessed that he Came close to getting married four times.
In an interview to CNN International’s Talk Asia programme, Ratan Tata regarding his love life said, “I was probably the most serious was when I was working in the US and the only reason we didn’t get married was that I came back to India and she was to follow me. That was the year of the Indo-Chinese conflict. This conflict in the snowy, uninhabited part of the Himalayas was seen in the United States as a major war between India and China and so, she didn’t come and finally got married in the US thereafter.”
When asked how many times he had been in love, “seriously, four times”, he replied. He said, “I came seriously close to getting married four times and each time I backed off in fear or for one reason or another. Each occasion was different, but in hindsight when I look at the people involved, it wasn’t a bad thing what I did. I think it may have been more complex had the marriage taken place.”
- Awards & Honours
Ratan Tata was awarded the Padma Vibhushan (2008) and Padma Bhushan (2000), the second and third highest civilian honors by the Government of India.
Other notable awards and honours include: Medal of the Oriental Republic of Uruguay (2004), Honorary Knight Commander of the Order of the British Empire (KBE) (2009), Grand Officer of the Order of Merit of the Italian Republic (2009), Grand Cordon of the Order of the Rising Sun (2012), Sayaji Ratna Award (2014), Honorary Knight Grand Cross of the Most Excellent Order of the British Empire (GBE) (2014) and Commander of the Legion of Honour (2016).
- Ratan Tata Assets
Ratan Tata Home: Ratan Tata owns a 13,350 square feet lavish bungalow in Mumbai’s Colaba, India. The luxurious property of around Rs. 150 crores was bought in 2015 and has 7 floors in all including a gym, playroom, media room, and an infinity swimming pool.
Ratan Tata Cars Collection: Ratan Tata owns a quite large collection of the world’s best luxury cars which include brands like Mercedes Benz, Maserati Quattroporte, Honda Civic, Ferrari, Range Rover, Cadillac XLR, Tata, Jaguar, Chrysler Sebring and Buick Super 8.
- Ratan Tata Philanthropy
Ratan Tata is the chairman of Tata Trusts (1892), a charitable organization. Tata Trusts, the philanthropic arm owns 66% stocks of Tata Sons, the holding company of Tata Group. Under the chairmanship of Ratan Tata, the Trust contributed over $800 million towards several charitable causes.
In 2012, Ratan Tata after retiring from Tata Sons, completely shifted his focus to philanthropy. He continues to follow the philanthropic legacy set up by Jamsetji Tata and has donated over millions to charity to date.
In May 2020, Ratan Tata committed Rs. 500 crore from Tata Trusts to all affected communities to fight coronavirus. The funds would help to procure PPE for the medical frontline workers, testing kits, respiratory systems for treating increasing cases, set up modular facilities for treating infected patients, knowledge management and training of health workers and public.
Bombay House, the global headquarters of Tata Group has been a home to a bunch of adopted Indian stray dogs. In 2018, Ratan Tata dedicated a part of Bombay House 2.0 for stray dogs stocked with toys, dog biscuits, feeding bowls, chewies, and a daily supply of boiled meat. The kennel was designed considering the pack’s need, where they can move in and out at will, and enjoy separate bathing area for their weekly baths.