Ratan Tata

RATAN TATA the soft-spoken man of steel

Overview Introduction  Success Story  Transformation Agenda  Awards & Recognition 

Introduction  

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Born on December 28, 1937 Graduated with a degree in Architecture and Structural Engineering from Cornell University. Also completed advanced management programme at Harvard Business School. Appointed the Director-in-Charge of The National Radio & Electronics Company Limited (Nelco) in 1971. Became the Chairman of Tata Industries in 1981. Took over as Tata Group Chairman in 1991.

Success Story 

1962: Graduated from Cornell University with a Bachelor of Science degree in Architecture and Structural Engineering. Worked with Jones and Emmons in Los Angeles Joined Tata Steel at Jamshedpur in late 1962

Success Story – (cntd) 

1971: Appointed the Director-in-Charge of The National Radio & Electronics Company Limited (Nelco)

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1977: Was entrusted with Empress Mills, textile mill controlled by the Tata’s

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1981: Appointed as The Chairman of Tata Industries

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1991: Took over as group chairman from J.R.D. Tata.

Success Story – (cntd) 

1998: Tata Motors came up with Tata Indica, the first truly Indian car.

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2000: Tata Tea acquired the Tetley group of the UK for pounds 271 million ($435 million) - the biggest ( acquisition in the history of Indian Companies.

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2003: Stepped down from executive position. Bought the truck unit of South Korea's Daewoo Motors A stake in one of Indonesia's biggest coal mines, and steel mills in Singapore, Thailand, and Vietnam

Success Story – (cntd) 

2004: Takeover of Tony hotels including New York's Pierre, the Ritz-Carlton in Boston, and San Francisco's Camden Place. Purchase of Tyco International's undersea

telecom cables. 

2007: Tata Sons successfully acquired Corus Group for an estimated £6.7 billion. “A defining moment for Tata Steel” – Tata said

The man and his dream machine 

Year 2008:

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“A promise is a promise”, said Ratan Tata unveiling the 'People's Car'

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a mini 4-seater priced, as promised five years ago, at Rs 1,00,000 (dealer price)

The man and his dream machine – (cntd)

 Nano—which means small in Parsi-

Gujarati—turns out to be a font of innovation, generating as many as 40 new patents for Tata Motors

So what if the Kohinoor diamond - once the ultimate symbol of Indian wealth and power now resides with the Queen of England? March 2008: Tata Motors under Ratan Tata bought over Jaguar & Land Rover from Ford Motor Company. The icons of British Luxury, Jaguar and Land Rover were acquired for £1.15 billion ($2.3 billion).

The transformation agenda...

Returns must be greater than cost of capital.  Economies of scale should be derived. Each company must be the industry leader occupying one of the top three positions. The business identified must have potential for high growth and should be globally competitive.

Awards and Recognition 

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He was honoured with the Padma Bhushan – 26 January 2000 He was awarded the Padma Vibhushan - 26 January 2008 Recipients of the NASSCOM Global Leadership Awards-2008 Accepted the Carnegie Medal of Philanthropy in 2007 on behalf of the Tata family Honoured by Cornell University as the 26th Robert S. Hatfield Fellow in Economic Education – March 2006 Serves on the programme board of the Bill & Melinda Gates Foundation's India AIDS initiative

Awards and Recognition – (cntd) 

May 2008, he made it to the Time magazine's 2008 list of the World's 100 most Influential people.

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The Asian Institute of Technology, Bangkok conferred the Honorary Degree of Doctor of Technology (Honoris Causa) in 2004

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His foreign affiliations include membership of the international advisory boards of * The Mitsubishi Corporation * The American International Group * JP Morgan Chase * Booz Allen Hamilton

Thank You