Ratan Tata, a name that the world will never forget for a prolonged period, is one of the most distinguished entrepreneurs of India. He is a master at handling complex situations with ease. He is not only one of the great entrepreneurs but is also a great human being. His commitments and his future vision for India is adorable. I have never seen any businessman who talks so openly about the potential of Indian people. In his leadership, the growth of the Tata group is incredible. So let's dive deep into the life of Ratan Tata.
Born in 1937 in Mumbai, Ratan Tata was an introvert in nature. Despite being born into a financially strong family, he was very down to earth. He studied architectural and structural engineering. He also pursued a management course from Havard University. In 1962, Ratan Tata started working as a blue-collar worker in Tata Iron and Steel company.
He showed his skills with maximal efficiency. In 1971, Tata became director of National Radio and Electronics Company Ltd(NELCO). At that time, Nelco was going through a challenging phase. With his efforts, Nelco revived and came back from shutting down.
Tata Motors got listed on New York Stock Exchange under the leadership of Ratan Tata. It helped to gain international recognition for the company. He played a prominent role in launching the IT firm TCS(Tata Consultancy Services) in 2004. Due to his effort in nation-building, the Government of India honoured Tata with Padma Bhushan.
Ratan Tata always loved challenges. Innovative ideas always originate in challenging circumstances. India's first homegrown car, Tata Indica, has been possible due to his contribution. Under his leadership, Tata Motors also acquired Land Rover and Jaguar and brought them to Indian markets. For the safety of the Indian masses, Tata launched India's most economical car(Nano). In the long run, Nano was unsuccessful. But it made other companies believe that an affordable car is possible for the large Indian masses.
During Covid-19, Ratan Tata donated 500 crores. He is also known for his humble nature. He has made several investments in startups. Improving the quality of life of the people of India is one of the philanthropic works he is currently doing. He is well known for his humanitarian works all over India.
Ratan Tata is probably the business person of the century. He has never featured in The Forbes billionaires list. But he is the most humble entrepreneur ever existed.