RATAN TATA

Ratan Tata
Born: - December 28, 1937
Occupation: - Chairmen of Tata group.
Marital Status: - Never Married.
Parents: - naval and Soonoo Tata.
Dates:-
1971:- Appointed as the Director In charge of the National Radio Electronics Company limited (Nelco).
At that time Nelco had 2% market share and a loss margin of 40%.
1972-75:- Nelco grow eventually to have a market share of 20% and recovered its losses. But
Declaration of emergency by Prime Minister Indra Gandhi and union problems in 1997,
did not let venture to survive.
1977:- Ratan was entrusted with Empress Mills , a textile mill controlled by Tatas. At that time it was one
of the few sick units of Tata group. But competition from less labour- intensive enterprises and
Modern mills made number of companies, including empress mill unviable. So some directors,
Chiefly Nami Palkhivala, took the line that Tatas should liquidate the mill, which was finally closed
in 1986.
1981:- Ratan was named as Chairman of Tata Industries, the groups other holding company.
1991:- He took over as group chairman from JRD Tata. Since then he has been instrumental in reshaping the fortunes of Tata group.
• Today Tata group has the largest market capitalization of any business house on the Indian stock market.
• On Jan 31, 2007, Tata sons acquired Corus group an Anglo-Dutch steel and aluminum producer. The merger created the fifth largest producer of steel in the world.
• Ratan Tata’s dream of manufacturing a car worth Rs 1000000 was launched in New Delhi Auto Expo on Jan 10,2008
• Tata Motors under Ratan Tata bought over Jaguar & Land Rover from Ford Motor Company for $ 1.5 billion ($2.3billion).

Awards
1. On the Occasion of 26th Jan 2000, Ratan Tata was honored with the Padma Bhushan, the third highest decoration that may be awarded to a civilian.
2. On 26th Jan 2008, he was awarded the Padma Vibhusan, the 2nd highest civilian decoration.