TOP ROLE MODEL FOR YOUNG ENTREPRENEURS

Ratan Tata is a name that immediately draws recognition from all. Unique The tata group scion has earned reverence not only as a successful industrialist but as a great human being and philanthropist. Unique Recognised as the best chairman in India, he has always put social and employee welfare above commercial gains. Unique At 73, he heads one of India’s largest conglomerates, which comprises nearly 100 firms, totalling a revenue earning of USD 67 billion. Unique He became the chairman of Tata Sons in 1990 and then again as interim chairman in 2016. Unique During his tenure Tata Group reached to great heights – its revenue grew 40 times, and profit grew 50 times. Unique Let’s look at his life story and try to learn a chapter or two from his book. Unique Childhood and Early Life Ratan Tata was born to one of India’s most prosperous industrialist families in Mumbai in 1937. Unique His grandfather Jamsedji Tata was the founder of Tata Group, who pioneered industrialisation in India after independence. Unique Tata went to Cornell University in the US to study architecture and structural engineering and later pursued a management course from Harvard University. Unique Despite being the future chairman of Tata Group, he started his career at the root level working alongside blue-collar employees in Tata Steel Division. Unique In 1971, Tata was appointed the Director-in-Charge of the National Radio and Electronics Company Limited (NELCO), which was in a dire need for a revival and turned it around. Unique In 1990 he took the helm of Tata Group and ushered an array of reforms to modernised group’s business methods to compete successfully in the new era. Unique During his time, he brought all Tata companies under the one umbrella, acquired several companies including Tetley, and Jaguar land Rover, and listed Tata Motors in New York Exchange Unique Under his stewardship, India received its first indigenously produced car ‘Indica’ and first compact car ‘Nano’. Unique Nano is the most economically produced car in the world was the brainchild of Tata who got concerned about the safety of nuclear families travelling in two-wheelers. Unique Be the change you wish to see Living by the philosophy, Tata has always shown keenness in new ventures and potential technologies. Unique He has made several small and big investments in several start-ups and next-gen technologies. Unique He invested in bitcoin venture Abra along with American Express. Unique Also, collaborated with a few Pune-based designers to steer a plan to provide clean drinking water to the marginalised section in rural areas. Unique The result is Swach, an indigenously designed sub-1000 water purifier. Unique Tata Motors has also rolled out the first batch of Tigor Electric Vehicle from its manufacturing plant in Sanand, Gujrat. Unique A True Leader in All Its Sense Tata is a true embodiment of leadership, who always believed in putting a humane face before commercial gains. Unique He is involved in numerous philanthropic activities providing quality life, education in rural India. Unique He has received great recognition in his lifetime. Unique In 2000, the government of India decorated him with Padma Bhushan, and in 2008, he received Padma Vibhushan. Unique Apart from that, he was awarded several international accolades including Honorary Doctorates from Ohio State University, University of Warwick, and Asian Institute of Technology, Bangkok. Unique His fortune stands at a staggering volume of GBP 300 million, but he owns less than 1 percent in the colossal conglomerate of Tata Groups. Unique Majority of Tata Group shares are owned by several charitable trusts that finance several philanthropic activities. Unique A remarkable human being and industrialist, amazingly Ratan Tata never featured in ‘Forbes b

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