Ratan Naval Tata GBE (born 28 December 1937) is an Indian businessman and Chairman Emeritus of Tata Sons . He was the chairman of Tata Group , a Mumbai-based conglomerate from 1991–2012. He stepped down as the chairman of Tata Group on 28 December 2012 but continues as the chairman of the Groups charitable trusts. [2] Early life Ratan Tata is the son of Naval Tata, who had been adopted from the family of a distant relative by Navajbai Tata after the death of her husband, Ratanji Tata. Ratan Tatas parents Naval and Sonoo separated in the mid-1940s when Ratan was ten and his younger brother, Jimmy, was seven years old. Both he and his brother were raised by their grandmother Navajbai Tata. [3] Ratan also has a step brother Noel Tata from Naval Tatas second marriage to Simone Tata. Ratan began his schooling in Mumbai at the Campion School and finished his secondary education at the Cathedral and John Connon School .[4] He completed his B.S. in architecture with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975. [5] Tata is a member of the Alpha Sigma Phi fraternity. Career Tata began his career in the Tata group in 1960. He initially started on the shop floor of Tata Steel , shovelling limestone and handling the blast furnace. [6] In 1991, J. R. D. Tata stepped down as Chairman of Tata Sons, naming Ratan as his successor. Under his stewardship, Tata Tea acquired Tetley , Tata motors acquired Jaguar Land Rover and Tata Steel acquired Corus , which have turned Tata from a largely India-centric company into a global business, with 65% revenues coming from abroad. He was instrumental in the development of Tata Nano , largely dubbed as the worlds cheapest passenger car. Ratan Tata retired from all executive responsibility in the Tata group on December 28, 2012 which is also his 75th birthday and he was succeeded by Cyrus Mistry, the 44- year-old son of Pallonji Mistry and managing director of Shapoorji Pallonji Group. [7][8] Board Memberships and Affiliations He is currently the Chairman Emeritus of Tata Sons . He continues to serve as the chairman of the main two Tata trusts Sir Dorabji Tata Trust and Sir Ratan Tata Trust and their allied Trusts, which together hold 66% of shares in the group holding company Tata Sons . Ratan Tata has served in various capacities in organisations in India and abroad. He is a member of the Prime Ministers Council on Trade and Industry and the National Manufacturing Competitiveness Council. He is on the jury panel of Pritzker Architecture Prize [9] - considered to be one of the worlds premier architecture prizes. Ratan Tata is a director on the boards of Alcoa Inc, Mondelez International [10] 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 [11] and Cornell University. Honours and Awards Ratan Tata received the Padma Vibhushan in 2008 and Padma Bhushan in 2000, the second and third highest civilian honors awarded by the Government of India . The other notable awards are: Ye ar Name Awarding organization Ref . 20 14 Honorary Doctor of Laws York University, Canada [12 ] 20 14 Honorary Knight Grand Cross of The Order of the British Empire United Kingdom [13 ] 20 14 Sayaji Ratna Award Baroda Management Association [14 ] 20 14 Honorary Doctor of Business Singapore Management University [15 ] 20 13 Honorary Doctorate University of Amsterdam [16 ] 20 13 Honorary Doctor of Business Practice Carnegie Mellon University [17 ] 20 13 Ernst and Young Enterprenuer of the Year - Lifetime Achievement Ernst & Young [18 ] 20 13 Foreign Associate National Academy of Engineering [19 ] 20 12 Doctor of Business honoris causa University of New South Wales [20 ] 20 12 Honorary Fellow The Royal Academy of Engineering [21 ] 20 10 Business Leader of the Year The Asian Awards . [22 ] 20 10 Honorary Doctor of Laws Pepperdine University [23 ] 20 10 Legend in Leadership Award Yale University. [24 ] 20 10 Oslo Business for Peace award Business for Peace Foundation [25 ] 20 10 Hadrian Award World Monuments Fund [26 ] 20 10 Honorary Doctor of Law University of Cambridge [27 ] 20 09 Award of ‘Grand Officer’ of the Order of Merit of the Italian Republic Government of Italy [28 ] 20 09 Life Time Contribution Award in Engineering for 2008 Indian National Academy of Engineering [29 ] 20 09 Honorary Knight Commander of the Order of the British Empire United Kingdom 20 08 Inspired Leadership Award The Performance Theatre [30 ] 20 08 Honorary Fellowship The Institution of Engineering and Technology [31 ] 20 08 Honorary Citizen Award Government of Singapore [32 ] 20 08 Honorary Doctor of Science Indian Institute of Technology Kharagpur . [33 ] 20 08 Honorary Doctor of Science Indian Institute of Technology Bombay. [34 ] 20 08 Honorary Doctor of Law University of Cambridge. [35 ] 20 08 Inspired Leadership Award Inspired Leadership Award [36 ] 20 07 Carnegie Medal of Philanthropy Carnegie Endowment for International Peace. [37 ] 20 07 Honorary Fellowship The London School of Economics and Political Science [38 ] 20 06 Responsible Capitalism Award FIRST [39 ] 20 06 Honorary Doctor of Science Indian Institute of Technology Madras [40 ] 20 05 Honorary Doctor of Science University of Warwick . [41 ] 20 05 International Distinguished Achievement Award Bnai Brith International [42 ] 20 04 Honorary Doctor of Technology Asian Institute of Technology . [43 ] 20 04 Medal of the Oriental Republic of Uruguay Government of Uruguay [44 ] 20 01 Honorary Doctor of Business Administration Ohio State
Posted on: Sat, 26 Jul 2014 09:16:23 +0000
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