Ratan Tata, Tata Group – Hero of Conscious Capitalism
Mr. Ratan N. Tata was the Chairman of Tata Sons, the holding company of the Tata Group, from 1991 till his retirement on December 28, 2012. Effective December 29, 2012, Mr. Tata has been conferred the honorary title of Chairman Emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel and Tata Chemicals.
Mr. Tata was the Chairman of the major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices and during his tenure, the group’s revenues grew manifold, totaling over $ 100 billion in 2011-12.
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission ‘To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’. Sixty-six percent of the equity share capital of Tata Sons is held by the Tata Trusts. Mr. Tata is Chairman of the Tata Trusts.
Celebrating the 125th anniversary this year, Tata Trusts are amongst India’s oldest, non-sectarian philanthropic organisations that work in several areas of community development. Since inception, Tata Trusts have played a pioneering role in transforming traditional ideas of philanthropy to make impactful sustainable change in the lives of the communities served. Through direct implementation, co-partnership strategies and grant making, the Trusts support and drive innovation in the areas of education; healthcare and nutrition; rural livelihoods; natural resources management; enhancing civil society and governance and media, arts, crafts and culture. Tata Trusts continue to be guided by the principles of its founder, Jamsetji Tata and through his vision of proactive philanthropy; the Trusts catalyse societal development while ensuring that initiatives and interventions have a contemporary relevance to the nation.
Under Mr. Tata’s leadership, Tata Trusts have begun to augment the impact of its philanthropic work, pursuing important causes that are good for India as a whole, through partnerships, direct implementation, building institutions, and deploying relevant technology.
Mr. Tata also serves on the international advisory boards of Mitsubishi Corporation and JP Morgan Chase. Mr. Tata is also associated with various organizations in India and overseas.
He is the Chairman of the Council of Management of the Tata Institute of Fundamental Research. He also serves on the board of trustees of Cornell University and the University of Southern California.
Mr. Tata joined the Tata Group in 1962. After serving in various companies, he was appointed Director-in-Charge of the National Radio & Electronics Company Limited in 1971. In 1981 he was named Chairman of Tata Industries, the group’s other holding company, where he was responsible for transforming it into a group strategy think tank, and a promoter of new ventures in high technology businesses.
Mr. Tata received a B.Arch. degree from Cornell in 1962. He worked briefly with Jones and Emmons in Los Angeles before returning to India in late 1962. He completed the Advanced Management Program at Harvard Business School in 1975.
The Government of India honored Mr. Tata with its second-highest civilian award, the Padma Vibhushan, in 2008. He has been appointed Knight Grand Cross of the Most Excellent Order of the British Empire and Rockefeller Foundation has conferred him with the Lifetime Achievement Award. Among his other achievements, Mr. Tata is also an honorary fellow of the Institution of Mechanical Engineers, Royal Academy of Engineering and a foreign associate of National Academy of Engineering. He has received honorary doctorates from several universities in India and overseas.