{"id":406,"date":"2024-10-09T19:24:07","date_gmt":"2024-10-09T19:24:07","guid":{"rendered":"https:\/\/studybizz.com\/gk-facts\/?p=406"},"modified":"2024-10-12T01:55:47","modified_gmt":"2024-10-12T01:55:47","slug":"ratan-tata-biography-birth-age-education-family-successor-net-worth-awards-lessons-and-more","status":"publish","type":"post","link":"https:\/\/studybizz.com\/gk-facts\/ratan-tata-biography-birth-age-education-family-successor-net-worth-awards-lessons-and-more\/","title":{"rendered":"Ratan Tata Biography: Birth, Age, Education, Family, Successor, Net Worth, Awards, Lessons, and More"},"content":{"rendered":"\n

Ratan Tata Biography:<\/strong> Ratan Tata was a great Business Tycoon, philanthropist and a great Human Being. He was the former Chairman of Tata Groups and present chairman of Tata Emeritus; he was born to Naval Tata and Sooni Tata on 28 December 1937 in Mumbai, Maharashtra, India. Tata was awarded with Padma Bhushan (2000) and Padma Vibhushan (2008). He passed away on 9th<\/sup> October 2024.\u00a0<\/p>\n\n\n\n

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Ratan Tata <\/figcaption><\/figure>\n\n\n\n

Ratan Tata\u2019s father Naval Tata was an adopted son of Ratanji Tata, Naval Tata and Sooni Tata got separated when Ratan Tata was 10 years old, later he was adapted and raied by her grandmother Navajbai Tata, he has two brothers Jimmy Tata and Noel Tata (boen to second wife of Naval Tata), Ratan Tata wen to Campion School, Mumbai up to his 8th<\/sup> standard later he studied at Cathedral and John Connon School in Mumbai, the Bishop Cotton School in Shimla and after that he went to Riverdale Country School in New York City for his high school, later he attended Cornell University and completed his graduation in architecture in 1959.<\/p>\n\n\n\n

After completing his education he joined Tata groups at a managerial position at Tata Motors in 1962, later in the year 1971 he was made director of NELCO, in the year 1991 after JRD Tata resigning as chairman of Tata Groups Ratan Tata was appointed as Chairman of the Tata Group, under his leadership Tata Group has seen a revolutionary changes both economically and making company outstanding at an International level, companies revenue was seen a growth of 40% and company acquired global companies like Tetly, Jaguar Land Rover, and Corus under his regime, he launched Tata Nano a People\u2019s Car with a vision of making middle class peoples dream of buying a car comes true with a budget of Rs.100000\/-, at his age of 75 he resigned as chairman of Tata Group on 28 December 2012 after him Cyrus Mistry was made the Chairman of the group but due to opposition from the several board members he was removed and made Ratan Tata as an interim chairman from 24 October 2016 to 12 January 2017, during the period a committee was made to elect the next chairperson in their decision Natarajan Chandrasekaran was made next Chairman of Tata Groups, Ratan Tata supported many startup\u2019s he invested in many small companies like snapdeal, Teabox, cashkaro, Olacabs and many.<\/p>\n\n\n\n

Ratan Tata being a philanthropist donated 65% of his shares to charitable trusts. Tata group given a fund of $28 million for Cornell University to provide scholarship to the students as a financial aid towards their education. Tata trust group given a fund of $50 million as a donation towards construction of executive center at Harvard Business School (HBS). Tata Group gave \u20b9950 million to Indian Institute of Technology, Bombay to construct Tata Center for Technology and Design (TCTD), Tata trust provided a grant of \u20b9750 million to study mechanisms underlying the cause of Alzheimer’s disease and to evolve methods for its early diagnosis and treatment for Centre for Neuroscience, Indian Institute of Science and many donations were made for wellbeing of humanity as Ratan Tata was a great supporter of education, rural development and medicine.<\/p>\n\n\n\n

Ratan Tata Love Story<\/strong><\/p>\n\n\n\n

Ratan Tata was never married but he had a love story while he was in Los Angles he fell in love with a girl but due to some emergency he left to India, h couldn\u2019t went back to Los Angles because of Indo-China war, her parents refused her to fly to India and married to some other person.<\/p>\n\n\n\n

Acquisitions made by Tata Group<\/strong><\/p>\n\n\n\n

Acquisition of Tetley Tea (2000)<\/p>\n\n\n\n

Acquisition of Corus Steel (2007)<\/p>\n\n\n\n

Acquisition of Jaguar Land Rover (JLR) (2008)<\/p>\n\n\n\n

Acquisition of Daewoo Commercial Vehicles (2004)<\/p>\n\n\n\n

Acquisition of NatSteel (2004)<\/p>\n\n\n\n

Acquisition of The Ritz-Carlton Boston Hotel (2006)<\/p>\n\n\n\n

Joint Venture with Starbucks to establish Starbuck outlet in India (2012)<\/p>\n\n\n\n

Acquisition of Brunner Mond – UK-based soda ash producer (2006)<\/p>\n\n\n\n

Acquisition of BigBasket (2021)<\/p>\n\n\n\n

Acquisition of 1MG (2021)<\/p>\n\n\n\n

Reacquisition of Air India (2022)<\/p>\n\n\n\n

The airline was founded by J.R.D. Tata as Tata Airlines in 1932 later it was nationalized in 1953 and named as Air India, later Air India ran into debts and govt decided to privatize the airline\u2019s, Tata Group won the bid and paid Rs.18000 crores to the government and brought 100 % shares of Air India<\/p>\n\n\n\n

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