Ratan Tata, full name Ratan Naval Tata,(born December 28, 1937, Bombay[now Mumbai], India) ,Indian businessman who served as chairman of the Tata Group, a Mumbai based conglomerate ( 1991-2012 and 201617).
He was educated at Cornell University, Ithaca, New York, where he earned a B.S. (1962) in architecture before returning to work in India. He was born into a prominent family of Indian industrialists and philanthropists (Tata family).
He gained experience in a number of Tata Group. companies before being named director in charge of one of them, the National Radio and Electronics Co., in 1971
.A decade later, he became chairman of Tata Industries, and in 1991, he succeeded his uncle, J.R.D.Tata, as chairman of the Tata Group. Tata aggressively sought to expand the conglomerate after taking over a CEO, and he increasingly focused on globalising its businesses. In 2000, the group paid $431.3 million for London based Tetley Tea, and in2004, it paid $102 million for Daewoo Motors’ truck manufacturing operations.
Tata Steel completed the largest corporate takeover by an Indian company in 2007 when it paid $11.3billion for the giant Anglo Dutch steel manufacturer Corus Group. Tata oversaw Tata Motors’ purchase of the prestigious British car brands Jaguar and Land Rover from Ford Motor Company in 2008. The $2.3 billion transaction was the largest ever acquisition by an Indian automaker.
The Tata Nano, a tiny rear engine ,pod shaped vehicle with a starting price of around 100,000 Indian rupees, or about $2,000, was introduced the following year. Despite being only slightly more than 10 feet (3 metres) long and about5 feet(1.5 metres) wide, the much 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.
Tata stepped down as chairman of the Tata Group in December 2012. Following the ouster of his successor, Cyrus Mistry he briefly served as interim chairman beginning in October 2016.Natarajan Chandrasekhar was appointed as the chairman of the Tata Company in January 2017, and Tata returned to retirement.
Among many other honours bestowed upon him during his career, Tata received the Padma Bhushan, one of India’s most distinguished civilian awards, in 2000.
“I came close to getting married four times and each time I backed off in fear or for one reason or another,” Ratan Tata said in 2011.Ratan Tata recently revealed that he had a crush on a girl while working in Los Angeles. Because one of his family members was ill, he had to return to India, but the girl’s parents refused to allow her to accompany Tata.
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Ratan Tata has a pilot’s licence and is a trained pilot. He is the first civilian to fly an F-16 fighter