The huge
expectation and burden works as a barrier for any human being when one goes on
to succeed another great man. That’s why
it is said that ‘avoid Stepping into a Great Man's Shoes’. However,
there are some who like to take it as challenge and stride on to achieve the
goal that expected form him or her. When the great man late J. R. D. Tata
entrusted the mantle of Tata Empire to Ratan Tata, the situation was the
same. But he appeared from the shadow of JRD and surge forward. Ratan Tata,
having the lethat combination of as a great human being and as well as is an
excellent CEO. Let me put little light on his life while within short period he
is going to entrust the mantle of Tata Empire to Cyrus Mistry.
Ratan Naval Tata,
born in 28 December 1937, in Mumbai. Ratan is the grandson of Tata group
founder Jamsedji Tata.
Tata started his
schooling at Campion School and finished at Cathedral and John Connon School both in Bombay .
Ratan Tata 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.
Tata began his
career at the Tata empire in 1962; he initially worked on the shop floor
of Tata Steel, shovelling limestone and handling the blast furnace. In
1971, he was appointed the Director of National Radio and Electronics, which
was in dire straits when he came on board: with losses of 40% and barely 2%
share of the consumer electronics market. However, just when he turned it around
from 2% to 25% market share, the Emergency was declared. A weak economy and
labour issues compounded the problem and Nelco was quickly near collapse
again.
For his next
assignment, in 1977 he was asked to turn around the sick Empress Mills, which
he did. However, he was refused a Rs 50 lakh investment required to make the
textile unit competitive. Empress Mills floundered and was finally
closed in 1986.
In 1981, JRD Tata
stepped down as Tata Industries chairman, naming Ratan Tata as his successor.
He was heavily criticized for lacking experience in running a company of the
scale of Tata Industries.
In 1991, he was
appointed group chairman of the Tata group. As group chairman, he has been
responsible for converting "the corporate commonwealth" of different
Tata-affiliated companies into a cohesive company. He has been responsible for
the acquisition of Tetley, Jaguar Land Rover and Corus,
which have turned Tata from a largely India-centric company into a global
business, with 65% revenues coming from abroad. He also pushed the development
of Indica and the Nano. He is widely credited for the success of
the Tata Group of companies, especially after the liberalization of controls
after the 1990s.
In August 2007,
Ratan Tata lead Tata Group's acquisition of British steel maker Corus. At that
time, this was the largest takeover of a foreign company by an Indian company,
and resulted in Tata Group becoming the fifth largest steel producer in
the world.
When Mumbai along
with Hotel Taj was attacked by the terrorist, he was the man who stood
by the victims and many of them were not even belongs to the Tata Groups.
Among many other
honours accorded him during his career, Tata received the Padma Bhushan,
one of India ’s
most distinguished civilian awards, in 2000 and Padma Vibhushan in 2008
and Lifetime Achievement Award awarded by prestigious Rockefeller Foundation in
2012. He has also been ranked as India 's most powerful CEO. In 2009,
Tata was knighted as a Knight Commander of the Order of the British
Empire (K.B.E.).
Ratan Tata is set to retire in December 2012 to be
succeeded by Cyrus Mistry.
!!!Ratan Tata, is last man standing? Hope
Cyrus Mistry going to prove it wrong.!!!