“I don’t believe in taking right decisions. I take decisions and then make them right.”
An Inspirational Person is someone that can make other people want to do or achieve something. An inspiring person makes you want to accomplish things that you’ve never thought you could achieve because they have overcome multiple obstacles in their own life. An inspirational person has the courage and mental strength to work against all the odds in their life to make a difference in society.
Ratan Naval Tata is known for transforming the Tata group under his chairmanship, is an Indian industrialist, investor, humanitarian, and was also chairman of Tata Group from 1991 to 2012 and continues to head its charitable trusts. During the 21 years, he led the Tata Group, revenue increased over 40 times, and profit over 50 times. He was awarded an honorary doctorate in business administration by Ohio State University and an honorary doctorate in science by the University of Warwick. He is the receiver of two of the highest civilian awards of India- The Padma Vibhushan, received by him in 2008, and The Padma Bhushan in 2000.
Early Childhood and Education
Tata was born on December 28, 1937, in Mumbai, in one of the richest families in India. Tata group was founded by his great grandfather, Jamsedji Tata in 1868. When he was a child, Tata had a difficult childhood after his parents separated and so he was raised by his grandmother, Lady Navajbai. He then went on to pursue his higher studies at Cornell University to study architecture and structural engineering. Following this, he pursued a management course at Harvard University.
Being the CEO of Tata Son’s
After 30 years of managing businesses in the Tata Group, Ratan Tata became the Chairman of Tata Sons in 1991. He had a gigantic task set before him. His progressive approach and futuristic outlooks did not go well with some of the top positions at Tata, resulting in a struggle at the management level. At the start of his career as chairman, two companies under him suffered bankruptcy and, his employee’s confidence in him decreased as he brought down the retirement age from 70 to 65. Despite the numerous failures he has seen, Ratan Tata did not give up and continues to be a global figure even to this day. Over his term as chairman, India’s largest conglomerate grew to contribute more than two per cent of the country’s GDP.
Notable Achievements and Philanthropy
Tata has invested in more than two dozen startups and is known as one of the most successful investors of all time, but an unintentional one in his own words. He also considers Indians as entrepreneurs at heart and require an occasion to flourish. He is given credit for leading the Tatas’ triumphant bid for Corus- an Anglo-Dutch steel and aluminium producer as well as Jaguar and Land Rover brands from the Ford Company.
Tata is considered a leading philanthropist in India and is a supporter of medicine, healthcare, education, and rural advancement. Now after retirement, he devotes his time to philanthropy and took up the full-time leadership role of Tata Trusts, which owns 66 per cent of the group holding company – Tata Sons.
During the 26/11 attacks in Mumbai, he set an example of kindness and compassion. He stood unarmed outside the Taj hotel and managed the activities to help the victims. He showcased his humane gesture by individually visiting the families of all the 80 employees who were killed or injured. He provided relief to the victims and even asked the families what they wanted him to do.
Tata group runs 14 charitable organizations within the country and the trusts are working towards making cancer care affordable and available for all Indians. Along with health authorities of states and NGOs, the trusts also work extensively in infant and maternal health care. The thought is that no impoverished child or pregnant woman should go without a nutritious meal. The trusts have tackled the malnutrition issue by reaching out to schoolchildren with the help of midday meal schemes. He contributed in the form of generating more increased employment and the company has contributed a significant share of the GDP of India.
He also created a plan to provide affordable and clean drinking water and helped a few Pune-based designers develop a sub-Rs 1,000 water purifier. Despite his tremendous fortune and world recognition, Ratan Tata has surprisingly never been featured in the “Forbes billionaires list” and he still drives himself to work with a simple Tata Sedan.
The Trust is also working along with the Bill & Melinda Gates Foundation, to help improve the quality of life in developing countries. Being a philanthropist at heart, he always wanted to give back to society and devotedly worked to help the poor and less privileged across the country. The Trust currently focuses on various sections like healthcare, nutrition, education, water conservation, improving the standard of living, digital transformation, social justice, skill development, environment, disaster relief, etc.
“None can destroy iron, but its own rust can. Likewise, none can destroy a person but his own mindset can.”