Assignment 1

Submit the profile summary of a successful entrepreneur

including milestone Achievements

Ratan Tata:-
Ratan Naval Tata (born 28 December 1937) is an Indian industrialist, philanthropist
and former chairman of Tata Sons. He was a chairman of the Tata Group from 1990 to
2012, and interim chairman from October 2016 through February 2017. He continues
to head its charitable trusts. In 2008, he received the Padma Vibhushan, the second
highest civilian honour in India, after receiving the Padma Bhushan, the third highest
civilian honour in 2000.

He is the son of Naval Tata, who was adopted by Ratanji Tata, son of Jamsetji Tata,
the founder of the Tata Group. He graduated from the Cornell University College of
Architecture with a bachelor's degree in architecture. He joined Tata in 1961, where
he worked on the shop floor of Tata Steel. He later succeeded J. R. D. Tata as
chairman of Tata Sons upon the latter's retirement in 1991. Under his tenure the Tata
Group acquired Tetley, Jaguar Land Rover, and Corus, in an attempt to turn Tata from
a largely India-centric group into a global business. Tata is also one of the largest
philanthropists in the world, having donated around 60–65% of his income to charity.

Ratan Tata is also a prolific investor and has made numerous investments in several
startups. Tata has invested in over 30 start-ups to date, most in a personal capacity
and some via his investment company

Career
In the 1970s Tata was given a managerial position in the Tata group. He achieved
initial success by turning the subsidiary National Radio and Electronics (NELCO)
around, only to see it collapse during an economic slowdown. In 1991, J. R. D.
Tata stepped down as chairman of Tata Sons, naming him his successor. Initially, Tata
faced stiff resistance from the heads of various subsidiaries, who had a large amount
of operational freedom under the senior Tata's tenure. In response, Tata implemented
a number of policies designed to consolidate power, including the implementation of a
retirement age, having subsidiaries report directly to the group office, and requiring
subsidiaries to contribute their profit to building the Tata group brand. Tata prioritised
innovation and delegated many responsibilities to younger talent. Under his
leadership, overlapping operations between subsidiaries were streamlined into
company-wide operations, with the group exiting unrelated businesses to take on
globalisation.

Ratan Tata (right) in Bangladesh, 2005

During the 21 years Tata led the Tata Group, revenues grew over 40 times, and profit
over 50 times. When he took over the company, sales overwhelmingly comprised
commodity sales, but at the end of his tenure, the majority of sales came from
brands.[19][20] He had Tata Tea acquire Tetley, Tata Motors acquire Jaguar Land Rover,
and Tata Steel acquire Corus. These acquisitions repositioned Tata from a largely
India-centric group into a global business, with over 65% of revenues coming from
operations and sales internationally.

Early life & education

Ratan Tata was born in Bombay, now Mumbai, during the British Raj, into
a Parsi Zoroastrian family, on 28 December 1937. He is the son of Naval Tata, who
was born in Surat and later adopted into the Tata family, and Sooni Tata, the niece of
Tata group founder Jamsetji Tata. Tata's biological grandfather, Hormusji Tata, was a
member of the Tata family by blood. In 1948, when Tata was 10, his parents
separated, and he was subsequently raised and adopted by Navajbai Tata, his
grandmother and widow of Ratanji Tata. He has a younger brother Jimmy Tata and a
half-brother, Noel Tata, from Naval Tata's second marriage with Simone Tata, with
whom he was raised.

Tata studied at the Campion School, Mumbai till the 8th class. After which, he studied
at the Cathedral and John Connon School in Mumbai, the Bishop Cotton
School in Shimla, and the Riverdale Country School in New York City, which he
graduated from in 1955. After graduating from high school, Tata enrolled in Cornell
University, from which he graduated with a bachelor's degree in architecture in 1959.
In 2008, Tata gifted Cornell $50 Million, becoming the largest international donor in
the university's history.

Milestones

A look at major milestones achieved by Tata Sons under Ratan

Tata as chairman:

1996: Forayed into telecom sector with the launch of Tata Teleservices

1998: Oversaw Tata Motors producing India's first indigenously designed passenger
car, Tata Indica

2000: Tata Global Beverages acquired UK-based Tetley group, making it the world's
largest tea producer

2001: saw Tata Group entering the insurance sector, by forming joint venture with
the US-based American International Group (AIG)

2001: Led Tata Consultancy Services (TCS) acquire CMC (the erstwhile, state-owned
Computer Maintenance Corp)

2002: Led Tata Sons acquire the state-run Videsh Sanchar Nigam Ltd (VSNL), now
known as Tata Communications

2003: TCS becomes first Indian software company to cross one billion dollars in
revenue

2004: Tata Motors acquires the heavy vehicles unit of Daewoo Motors

2004: TCS went public; it raised nearly $1.2 billlion

2005: Tata Steel acquires Singapore-based steel company NatSteel

2005: Tata Communications acquires Tyco Global Network, thereby becoming the
world's largest providers of submarine cable bandwidth

2006: Tata Sky satellite television service launched across India

2006: Tata Chemicals acquires controlling stake in UK-based Brunner Mond Group

2006: Launches Croma, the multi-brand retail outlets for consumer electronics

2007: Tata Steel acquires Anglo-Dutch steel-maker, Corus

2007: TCS entered China, with a joint venture with the Chinese government and other
partners

2008: Tata Motors unveils Tata Nano, touted as the world's cheapest car

2008: Tata Motors acquires the Jaguar and Land Rover (JLR) brands from the Ford
Motors

2008: Tata Chemicals acquires General Chemical Industrial Products

2009: Tata Teleservices launches pan-India mobile service with Japan's NTT DOCOMO

2009: Tata Housing launches low-cost housing in Mumbai

2010: Tata Chemicals acquires leading UK-based vacuum salt producer British Salt

2011: Tata Nano launched internationally in Sri Lanka and Nepal

2011: Tata BP Solar became Tata Power Solar Systems

2012: Tata Global Beverages forms joint venture with Starbucks

Awards and accolades

Major Awards and Honors

Padma Bhushan (2000) - India's third-highest civilian honor

Padma Vibhushan (2008) - India's second-highest civilian honor
Maharashtra Bhushan (2006) - Maharashtra's highest civilian award
Assam Baibhav (2021) - Assam's highest civilian award
Honorary Knight Grand Cross of the Order of the British Empire (GBE) (2014)
- Awarded by Queen Elizabeth II
Commander of the Legion of Honour (2016) - France's highest civilian award
Order of Australia (AO) (2023) - Australia's highest civilian honor

Other Notable Awards

Honorary Doctorates from universities including University of Cambridge, University

of Warwick, IIT Bombay, IIT Kharagpur, and York University
Carnegie Medal of Philanthropy (2007)
Lifetime Achievement Award from the Rockefeller Foundation (2012)
Order of the Rising Sun from the Government of Japan (2012)

Conclusion
We submit the profile summary of a successfulentrepreneur including milestone
achievements.