Ratan Tata was the chairman of Tata Group of companies from 1991-2012 & 2016-2017. During the reign of Ratan Tata as chairman, India had the highest economically evolving duration for over a decade. Ratan Tata is well recognized for bringing in huge changes in Tata group by numerous acquisitions and revamping. Ratan Tata is considered to be the best industrialist rather than a top businessman. This is justifiable by the values followed of Tata group for generations.
Ratan Tata has received the most prestigious awards like Padma Bhushan in 2000 and Padma Vibhushan in 2008 from the government of India. Apart from these recognitionsRatan Tata has received around 37 highest accolades during his whole lifetime.
What I would like to do is to leave behind a sustainable entity of a set of companies that operate in an exemplary manner in terms of ethics, values and continue what our ancestors left behind-Ratan Tata
Ratan Tata’s two decade of leadership made Tata group achieve 40% growth in revenue and 50% growth in profits
Ratan Tata took Tata group onto a globally successful company by acquiring Tetley, Jaguar, Land rover and Corus
In 2010, he donated $2.20 billion to Harvard Business School which was the highest donation from an international donor for building an academic block and residential building
Major investments in start-ups by Ratan Tata are:
At present Tata group of companies hold 96 different companies internationally and 36 among them are publicly listed firms. In India 4 out of 5 top ranked firms belong to Tata Group. Overall market capitalization from Tata group of companies in the year 2019 is about $130 billion which is same as the net worth of world's richest person 2019- Jeff Bezos.
Few of the major industry ventures of Tata Enterprises are:
Tata Consultancy Services
Tata Power,Tata Chemicals
Tata Global Beverages
The answer to why Ratan Tata or any member related to Tata group of companies are not among world's richest person list in spite of making $130 billion revenue is- 65% of the multinational firm's revenue directly goes into their charitable organizations rather than being accounted for an individual owner.
Tata group of companies own numerous charity, trust organizations and are also tied up with major philanthropy firms. Thus every fiscal year, Tata group directly transfers and invests into those charities for various causes.
Ratan Tata's net worth has never recorded to have crossed $1 billion. They put back major of their fortune into well-being of their employees and nation. Unlike other international conglomerates, Tata group does not add the profits into the involved families. Since the establishment of Tata group they have been following the values of philanthropy and never failed to execute it each year.
Few public welfare and charity organizations of Tata group are:
The Energy and Resources Institute, a non-governmental research institute
The JRD Tata Ecotechnology Centre
National Centre for Performing Arts
Tata Center for Technology & Design at Massachusetts Institute of Technology
Tata Centre for Technology & Design at IIT Bombay
Tata Cricket Academy
Tata Football Academy
Tata Institute of Social Sciences
Tata Management Training Centre
Tata Medical Center, inaugurated on 16 May 2011 by Ratan Tata
Tata Memorial Hospital
Tata Trusts, a group of philanthropic organizations
Tata Cancer Hospital
Venturing into a business and becoming successful is quite normal but to maintain the core values of the firm is something trivial. Since the founding year in 1868, Tata group of companies have been keen about the mutual growth of everyone related and unrelated. Tata group's extraordinary contributions to the world are something to be learnt and acknowledged.
Placing others before you has been preached and succesfully practiced by Tata Group for generations