There is no need to introduce Ratan Tata. Emeritus chairman of Tata Sons, industrialist, and entrepreneur, is widely recognized for his charitable endeavors. Here are a few intriguing and little-known facts about the business mogul that you may find surprising.
Naval Ratan Tata, also referred to as Ratan Tata is a well-known figure. Entrepreneur, industrialist, and chairman emeritus of Tata Sons is widely recognized for his national and worldwide charitable endeavors. After his birth on December 28, 1937, Navajbai Tata, his grandmother, reared him.
Two of India’s highest civilian honors, the Padma Vibhushan (2008) and Padma Bhushan (2000) have been given to Ratan Tata in recognized of his enormous contributions to the country’s development.
Here 10 UNKNOWN facts about Ratan Tata
- Early Life and Education: Ratan Tata was born on December 28, 1937, in Bombay (now Mumbai), India. He is a member of the prominent Tata family. He completed his early education in India and then pursued architecture at Cornell University in the United States and later attended Harvard Business School.
- Interest in Aviation: Ratan Tata has a keen interest in aviation. Under his leadership, Tata Group acquired Air India in 1932, which marked a significant move into the aviation sector.
- Inspiration for Nano: The idea for the world’s cheapest car, Tata Nano, came from Ratan Tata‘s concern for providing a safer and more affordable alternative to families riding on motorcycles in India.
- Love for Fast Cars: Ratan Tata is known for his love of fast cars. He himself has owned a Maserati Quattroporte and a Cadillac XLR.
- Philanthropy: Ratan Tata is actively involved in various philanthropic activities. He established the Tata Trusts, which are among the oldest and most significant philanthropic organizations in India. The trusts work in areas such as health, education, and rural development.
- Honorary Degrees: Ratan Tata has received several honorary degrees for his contributions to industry and philanthropy, including an honorary doctorate in business administration from the Ohio State University.
- Chairman Emeritus: After serving as the Chairman of Tata Sons for more than two decades, Ratan Tata became the Chairman Emeritus of Tata Sons, a role created for him to provide guidance and leadership.
- Love for Dogs: Ratan Tata is known for his love for dogs. He has often spoken about the joy and companionship that his pet dogs bring to his life.
- Recognition and Awards: Ratan Tata has been recognized with numerous awards and honors, including the Padma Bhushan and Padma Vibhushan, two of the highest civilian awards in India.
- Investments in Startups: In his retirement, Ratan Tata has been actively involved in investing in startups. He has invested in various startups, especially those focusing on innovative and socially impactful solutions.
Let’s look at his biography in honor of the anniversary of his 86th birthday:
Tata, who was born in Mumbai in 1937, was raised with resilience and tenacity as virtues. In 1962, he returned to India after earning his architecture degree from Cornell University and started leading the Tata Group to unprecedented success. Under his direction, the company acquired Recognizable brands like Tata Motors and Jaguar Land Rover as it expanded into other industries such as steel, telecoms, and automobiles.
His philanthropy was a pillar of his legacy.
Tata’s great-grandfather Jamshetji Tata, who is credited as saying, “No business prospers without the well-being of the community,” is the source of his charitable nature. Generations of the Tata family were motivated to invest in social good by this ethos.
Ratan Tata was involved in philanthropy at a young age. He started “The Aga Khan Hospital and Medical College” initiative in the 1970s while working for Tata Motors, establishing the groundwork for one of India’s top medical facilities. Tata’s charitable Endeavors took off after he was named Chairman of Tata Sons in 1991. He actively guided the Tata Trusts—which his great-grandfather had founded—in the direction of tackling important societal issues. establishing premier institutions such as the Tata Institute of Social Sciences and providing financial support for educational projects throughout India.
What is Ratan Tata’s net worth?
Ratan Tata, whose net worth is estimated to be ₹3,800 crore, was placed 421st on the IIFL Wealth Hurun India Rich List 2022. Previously, in 2021, his net worth of ₹3,500 crore placed him in 433rd place. Notably, Tata Trusts, which donate 66% of all profits made by businesses affiliated with parent company Tata Sons, are important to this financial picture since they allocate money to philanthropic purposes.
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