Monday, April 19, 2010
Ratan: The Jewel (A brief introduction to Ratan Naval Tata)
I am posting this article not because I've been currently hired by TCS, but because this man, named Ratan Naval Tata, at the age of 72, was voted as India Inc’s Most Powerful CEO for 2009, second year running and also India Inc’s CEO of the Decade by the 500 respondents interviewed by IMRB for The Economic Times Corporate Dossier magazine, beating the likes of Mukesh Ambani, NR Narayana Murthy, Anil Ambani, Sunil Mittal and Rahul Bajaj.
Ratan N. Tata was born on December 28, 1937 in Mumbai, India in one of the richest families in the country. His great grandfather, Jamsedji Tata, was the founder of the Tata group and passed the power and inheritance down to his family. Ratan grew up in a broken household, however, after his parents split in the mid-1940s and he and his brother were raised by their grandmother, Lady Navajbai.
Ratan Tata's dream was to manufacture a car costing Rs 100,000 (1998: approx. US$2,200; today US$2,528). He realized his dream by launching the car in New Delhi Auto Expo on January 10, 2008, saying that "a promise is a promise," referring to his earlier promise to deliver this car at the said cost "Despite Mamata".
A shy man, Ratan rarely features in the society glossies, has lived for years in a book-crammed, dog-filled bachelor flat in Mumbai's Colaba district and is considered to be a gentleman extraordinaire.In an interview , Tata, a bachelor, admitted to being lonely and "too diffident to do anything about it". He keeps away from Mumbai's party circuit, dresses conservatively, and gets to work early in either his black Mercedes or Tata Indigo, sitting beside his driver. Who would have thought this understated man of impeccable manners, who readily sacrificed an airline venture at the altar of government policy, would upset the global corporate order to such an extent? And so often?
The total revenue of Tata companies, taken together, was $70.8 billion (around Rs325,334 crore) in 2008-09, with 64.7 per cent of this coming from business outside India, and they employ around 357,000 people worldwide.
"Question the unquestionable" --Ratan Tata