His biological maternal grandmother had been the sister of Hirabai Tata, wife of group founder Jamshedji Tata. His biological father, Hormusji Tata, had belonged to the broader Tata family; Naval therefore was a Tata by birth. Parents Naval and Sonoo separated in when Ratan was 10, and he was subsequently raised by the widow of Sir Ratanji Tata, his grandmother, Navajbai Tatawho formally adopted him through the J.
How has this participatory business panned out, what are its highlights and its downside, and where to from here? How, in your opinion, has the Tata group participated in the evolution of the Indian economy and industry in the post-independence era?
What has been the predominant feature of this participation?
Jamsetji Tata was gripped by the idea of making India self-reliant. The businesses he seeded and those that came to be after his passing — airlines, chemicals, etc — were, in a way, the foundation industries of the Indian economy.
Little was attempted in what could be termed a purely consumer area, the only early foray there being Tata Oil Mills. There was no ulterior motive in establishing these institutions; the objective was to help further the skills and capabilities of India and Indians.
We have never allowed our companies or the individuals in them, to become dealers or commission agents or profiteers. Before independence, the Tatas had a big role to play in laying the ground for an industrialised India.
That changed, to a certain extent, after freedom arrived and the country started pursuing the Soviet model of development, with the emphasis on the public sector.
We went through a phase when we became an endangered species. For a long period of time we stood still — because we were not allowed to expand, we were not allowed to enter any new businesses.
Did the Tatas lose focus during this period?
I recall an incident from when I was a young man. There was a visionary scheme of extracting minerals from seawater that Darbari Seth [the late chairman of Tata Chemicals] had conceived. We were never given permission to get going on that project. There were other such ideas as well. What did happen, though, was that towards the end of the s some leaders in the group began to lose hope that things would change.
In many ways, big business that powers the rise to prominence of nations. How has India benefited, economically and otherwise, from having the Tata group at the vanguard of the growth story that we are witnessing?
As I said earlier, we did not invest in the trading of basic materials; we did not exploit the land in terms of moving resources out. When we did, we added value to it and produced an end product.
I think our contribution to the nation was in building a foundation for basic industry, creating a foundation for technology, and setting some benchmarks in corporate governance and ethical business conduct.
We imposed on ourselves the creed of giving a fair deal to our customers and to all our other stakeholders. A couple of other points: Never has a Tata company gone to the government to lobby against its competitors, overtly or covertly.
How is the Tata brand perceived in the global marketplace? Is enough being done to promote it? We are probably not doing enough to build the Tata brand globally, but we are one of the most recognisable corporate names coming out of India. Apart from size, market capitalisation and the rest, we are seen as a poster boy for ethical business, trustworthy and fair.
We are also seen as a caring employer who understands its corporate and social responsibility, not just in the context of its own people but also the communities around our facilities and businesses. Some foreign investors accuse us of being unfair to shareholders by using our resources for community development.Ratan Tata Contribution Towards India.
RATAN TATA INTRODUCTION Ratan Tata is the chairman of the Tata Group, India's largest corporation. He is the latest in a long line of Tatas to head the family-owned vetconnexx.com into an old Parsi family of Bombay, in December 28th Ratan Tata, in full Ratan Naval Tata, (born December 28, , Bombay [now Mumbai], India), Indian businessman who became chairman (– and –17) of the Tata Group, a .
Ratan Tata with His Father J. R. D. Tata. Ratan Naval Tata was born on 28th December , in Surat, Gujrat, to Naval Tata and his first wife, Sonoo.
He has a younger brother Jimmy, and a step brother named Noel Tata from . Ratan Tata, in full Ratan Naval Tata, (born December 28, , Bombay [now Mumbai], India), Indian businessman who became chairman (– and –17) of the Tata Group, a Mumbai-based conglomerate.
In step with the nation Tata Sons' Chairman Ratan Tata elucidates the Tata group’s engagement with the idea of India, his team-over-individual doctrine and his hopes for a fair deal from history The 60th anniversary of India’s independence seems an opportune time to take stock of the nature and extent of the Tata group’s participation in.
Tata? s contribution to India? s GDP is nearly 5. 5% and 60% of its revenue comes from foreign countries. Tata group was always known for its business ethics and corporate governance.
The Tata Group has spread its operations across six continents andmore than 80 countries.