RATAN TATA: India's most loved and world-renowned industrialist Ratan Tata has passed away. Ratan Tata breathed his last at the age of 86 in Mumbai's Breach Candy Hospital. Ratan Tata was one of those industrialists after independence, who not only inspired people of his age and those living in the age of 40-50 years today. But millionaires are also his big followers. His popularity is such that he has 10 million followers on the social media platform Instagram (Ratan Tata Instagram). While he has 12.6 million followers on X. Ratan Tata has been a name in India who showed the common man the dream of becoming a car owner, not only this, but he also made people realize that Indian companies can break the pride of the British at the global level.
Along with this, he also set an example of how an industrialist can live a very simple life. Along with this, he made the Tata Group global, which was once known as a desi group. He did not stop there, after retirement, Ratan Tata has set an example of charity, which showed the way to the wealthy people of the country. Along with this, his love for animals is also well-known. For which he was always ready to do anything. Not only this, he has inspired so many young people to move forward by investing in their startups.
Increased business 40 times during his tenure (Ratan Tata Career)
Born on 28 December 1937, Ratan Tata was awarded Padma Vibhushan and Padma Bhushan by the Government of India. He started his career at Tata Group in 1961 at the age of 24. His first job was to manage shop floor operations at Tata Steel. Learning the tricks of business from there, Ratan Tata became the chairman of Tata Group in 1991. When Ratan Tata took over the reins of the group, most of its business was in India. And its earnings were around 5.7 billion dollars. At that time, he took over the reins of the group from JRD Tata. When he left the reins of the group in 2012 after a tenure of about 21 years, the group's revenue had increased 40 times and profit 50 times. And the group had become about 100 billion dollars. Today, about 40 percent of the group's earnings come from abroad. He retired from the chairmanship of Tata Group at the age of 75.
Made Tata Global (TATA Group Business)
Ratan Tata's most important contribution to the Tata Group was that he made the group global. He had made a big global deal during his time. In this, Tata bought Tetley in the year 2000, Corus Steel in 2007,, and Jaguar Land Rover in the year 2008. Not only this, but during his time, TCS became famous in the world and today it has become India's largest software company. Apart from this, Ratan Tata was one of those select industrialists of the country, who strongly supported liberalization in the 80s and 90s. It was the effect of his risk-taking ability that Tata Group reached more than 100 countries of the world. Not only this, one of his dreams which could not be fulfilled during his tenure as chairman, but was fulfilled during his lifetime. That was the return of Air India to the Tata Group. Which once belonged to the Tata Group, but was later bought by the government.
Common man's dream of a lakh rupee car (TATA Motors)
Ratan Tata also showed the common man of India the dream of buying a car for Rs. 1 lakh. To fulfill this, he launched Tata Nano in the market in 2008. However, this car could not make a splash in the market as per his expectations. He also regretted it. However, during his tenure, Tata launched Nano, Indica, and Indigo in the passenger car segment and made Tata enter a new market. The result of that beginning is that today Tata Motors is rapidly gaining a foothold in the passenger car market through new age cars like Nexon, Tiago, Tigor, and Harrier.
Big donors (Ratan Tata Philanthropy)
Ratan Tata maintained the legacy of the Tata Group in the field of charity. And donated his huge earnings through Tata Sons. He donated 65 percent of his total shares of the Tata Group to Tata Sons. Which works in education, healthcare, and social development projects. Apart from this, he donated about 500 crores during the Corona period. Similarly, after the attack on the Taj Hotel in Mumbai, he formed the Taj Public Service Welfare Trust. Which helps the victims of the 26 November attack and their families.
Encouraging youth by investing in startups (Ratan Tata Startup Investment)
Ratan Tata invested in many startups after retirement. He invested in dozens of startups including UPSTOX, Lenskart, Dogspot, Curefit, Paytm, Snapdeal, and Nest Away. In an interview, he described himself as an accidental startup investor. Despite having so much, Ratan Tata lived a very simple life and lived in a simple house. Unmarried Ratan Tata has given a lot to the Tata Group, the country, and the society in his 86 years of life and he has departed with beautiful memories of these qualities.
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