- Introduction & Quick Facts
- The first family of India Inc.
- Education and early life
- Leadership of the Tata Group
- Tata Nano and the Singur controversy
- A legacy of philanthropy
- Air India flies home
- Love for animals
- Awards and global recognition
Ratan Tata
- Introduction & Quick Facts
- The first family of India Inc.
- Education and early life
- Leadership of the Tata Group
- Tata Nano and the Singur controversy
- A legacy of philanthropy
- Air India flies home
- Love for animals
- Awards and global recognition
What is Ratan Tata known for?
Ratan Tata was an Indian businessman and a member of the prominentTata family. He was chairman of theTata Group, a Mumbai-based conglomerate, for more than two decades. Upon assuming leadership in 1991, he aggressively sought to expand it. The group acquired London-based Tetley Tea in 2000, purchased the truck-manufacturing operations of Daewoo Motors in 2004, bought Corus Group in 2007, purchased Jaguar and Land Rover in 2008, and in 2009 launched the Tata Nano, a vehicle touted as the “People’s Car.”When did Ratan Tata first become the chairman of the Tata Group?
Ratan Tata succeeded his uncle,J.R.D. Tata, as chairman of theTata Group in 1991.When did Ratan Tata step down as chairman of the Tata Group?
Ratan Tata retired as chairman of theTata Group in December 2012. He briefly served as interim chairman beginning in October 2016, following the ouster of his successor,Cyrus Mistry. Tata returned to retirement in January 2017, whenNatarajan Chandrasekaran was appointed chairman of the Tata Group.Ratan Tata (born December 28, 1937, Bombay [now Mumbai], India—died October 9, 2024, Mumbai) was anIndian businessman who became chairman (1991–2012 and 2016–17) of theTata Group, a Mumbai-based conglomerate. He was known for his leadership of one of the country’s largest business houses as well as for his significant philanthropic activities. Tata’s legacy transcends the confines of the corporate realm to impact millions of ordinary lives. In his lifetime he received two of India’s highest civilian honors—thePadma Vibhushan (2008) and the Padma Bhushan (2000).
The first family of India Inc.
Ratan Tata was a member of a prominent family of Indian industrialists and philanthropists (seeTata family), credited with pioneering much of the country’s industrial establishments and practices. His great-grandfatherJamsetji Tata founded the Tata Group in 1868—the businesses under this umbrella, including Tata Steel, played a key nation-building role whenIndia achieved independence from British rule in 1947. The Tata Group was later expanded by Ratan Tata’s uncleJ.R.D. Tata, who founded prominent subsidiaries such as Tata Consultancy Services, Tata Motors, and Tata Salt. Among the pioneering achievements of the Tata Group were the establishment of the iconic Taj Mahal Palace Hotel (1903, Bombay [now Mumbai]), India’s first hotel with electricity, and the founding of Air India (1932) as well as the country’s first indigenous cosmetics brand, Lakmé (1952).
Education and early life
After attending various schools inBombay, Tata finishedhigh school inNew York City in 1955. He then progressed toCornell University, Ithaca,New York, where he earned a B.S. (1962) inarchitecture before returning to India to work. He acquired his business training on the job, gaining experience in a number of Tata Group businesses, and was named director in charge (1971) of one of them, the National Radio and Electronics Co. He became chairman of Tata Industries a decade later, and in 1991 he succeeded his uncle, J.R.D. Tata, as chairman of Tata Sons, the parent company of the Tata Group.
Leadership of the Tata Group
Ratan Tata became chairman of Tata Sons at a crucial period of India’s growth story: theliberalization of its economy. His ascent was impeded by stiff resistance from existing senior leadership. He consolidated power by implementing a retirement age policy, changing reporting structures, and terminating certain executives. Tata aggressively sought to expand the conglomerate, and increasingly he focused on globalizing its businesses. In 2000 the group acquired London-based Tetley Tea for $431.3 million, and in 2004 it purchased the truck-manufacturing operations ofSouth Korea’s Daewoo Motors for $102 million. Tata Steel completed the biggest corporate takeover by an Indian company when it acquired the giant Anglo-Dutch steel manufacturerCorus Group for $11.3 billion in 2007. The following year Tata oversawTata Motors’ purchase of the elite British car brandsJaguar andLand Rover from theFord Motor Company. The $2.3 billion deal marked the largest-ever acquisition by an Indian automotive firm.
In December 2012 Tata retired as chairman of the Tata Group. He briefly served as interim chairman beginning in October 2016 following the ouster of his successor,Cyrus Mistry. Tata returned to retirement in January 2017 whenNatarajan Chandrasekaran was appointed chairman of the Tata Group.
Tata Nano and the Singur controversy
In 2008 Tata spearheaded the development of the microcarTata Nano, a tiny rear-engined, pod-shaped vehicle marketed as the most affordable car in the world and within easy reach of the average Indian consumer. Although only slightly more than 10 feet (3 meters) long and about 5 feet (1.5 meters) wide, the highly touted “People’s Car” could seat up to five adults and, in Tata’s words, would provide a “safe, affordable, all-weather form of transport” to millions of middle- and lower-income consumers both in India and abroad. Rolled out in 2009, the Nano was initially sold for 100,000 rupees ($2,000); however, the price point could not be sustained. Despite poor sales, production of the Nano continued for a decade because of the company’s commitment to the project.
Manufacturing was preceded by a controversy over the acquisition of land in Singur,West Bengal, for the proposed factory. The sale of the land was facilitated by the state government but prompted fierce protests by displaced farmers and political leaders of opposition parties. The site of the production plant was eventually moved to Sanand,Gujarat.
A legacy of philanthropy
Tata belonged to the Indian community known as theParsis, followers of theZoroastrian faith and well known for their public service work. He was known for his philanthropic interests, which included supporting research and improvements in education, medicine, and rural development. He established and enhanced hospitals and research centers that helped advance cancer care. He was also committed to reducing social andeconomic inequality. For example, in 2024 the Tata Group announced plans to build India’s first indigenoussemiconductor manufacturing facility in the state ofAssam as a part of Ratan Tata’s vision for the state; this investment was projected to generate employment for more than 25,000 local residents.
Donations by the Tata Group and the related philanthropic collective called Tata Trusts have led to the establishment of a variety of institutions and scholarships in U.S. universities. These include a biological and physical sciences research facility at theUniversity of California,San Diego, and an executive center atHarvard Business School—both are named Tata Hall. An endowment to Cornell University provides financial aid to students from India. A donation from Tata Consultancy Services toCarnegie Mellon University funded the Tata Consultancy Services Hall, which houses the School of Computer Science Institute for Software Research and a few other facilities. The Tata Center for Technology and Design at theMassachusetts Institute of Technology works on providing solutions to challenges faced by communities that have limited access to electricity, low income, and poor literacy.
In recognition of the Tata family’s “constructive philanthropy,” the Carnegie family of organizations awarded the Tata family theCarnegie Medal of Philanthropy in 2007.
In October 2024 Tata was succeeded by younger brother Noel Tata as chairman of the group’s philanthropic arm.
Air India flies home
In 2021 the Tata Group won the bid to take overAir India, an airline that was originally owned by the conglomerate and subsequently nationalized in 1953. It was an evocative moment for Tata, who had stepped down as interim chairman by then. He released an official statement that read:
On an emotional note, Air India, under the leadership of Mr. J.R.D. Tata had, at one time, gained the reputation of being one of the most prestigious airlines in the world. Tatas will have the opportunity of regaining the image and reputation it enjoyed in earlier years. Mr. J.R.D. Tata would have been overjoyed if he was in our midst today.
Love for animals
Tata was known for his love of animals,dogs in particular. Tata advocated for animal welfare all his life. At Bombay House, the Tata Group’s headquarters, Tata ensured that strays have access to a well-equipped kennel and are allowed to roam the premises freely. Tata’s final project was a state-of-the-art animal hospital providing around-the-clock emergency care in Mumbai, inaugurated in mid-2024.
Awards and global recognition
In addition to national awards such as the Padma Bhushan and the Padma Vibhushan, honorary degrees from educational institutes the world over, and awards from Indian organizations, Tata received the following global recognitions from other countries, chiefly for helping strengthen economic ties between India and these countries:
- Medal of the Eastern [now Oriental] Republic of Uruguay (2004), from the Government ofUruguay
- Honorary Knight Commander of the Order of theBritish Empire (KBE; 2009), conferred by QueenElizabeth II
- Grand Cordon of theOrder of the Rising Sun (2012), from the Government ofJapan
- Honorary Knight Grand Cross of the Order of the British Empire (GBE; 2014), conferred by Queen Elizabeth II
- Commander of the Legion of Honor (2016), awarded by the Government ofFrance
- Honorary Officer of the Order of Australia (2023), awarded by King Charles III
Ratan Tata died on October 9, 2024, after being briefly hospitalized for age-related ailments.