Ratan Tata – Man with more efficient ideas
Ratan TATA came into the world on December 28, 1937 in the city of Surat, India. He initially shoveled limestone on the shop floor of Tata Steel and handling blast furnace. Thirty years down the line he became the chairman of Tata Sons. His modern perspectives and liberal state of mind did not run well with a portion of the best honchos at Tata which brought about a tussle at the administration level. he is the one who has nurtured and spread TATA roots across almost all industry streams in the most transformative days, like they call in the business world. He made Tata Tea acquire the Tetley, Tata Motors acquire the Jaguar Land Rover and Tata Steel to get Corus.He is an Industrialist, an Investor and a Philanthropist, he has been inspiring newcomers in business and has invested in their companies as well.
In 2000, Tata has conferred the highest third civilian honor of the government of India, the Padma Bhushan. Next, in 2004, he received the ‘Medal of the Oriental Republic of Uruguay’. His other honorary awards and achievements include International Distinguished Achievement Award, Honorary Fellowship of the London School of Economics and Political Science, Padma Vibhushan, Award of Grand Officer of the Order of Merit of the Italian Republic, and the list goes on and on.
Ratan Tata was able to run the Tata business world so efficiently, it was because of the leadership and managerial skills that he learnt from his grandparents. He has revealed the same in many interviews saying that he was influenced by his grandmother. Under his able leadership, the revenues of the Tata Group grew more than 40 times. The profits abounded by over 50 times. The company that made only $5.7 billion in 1991 made around $103 billion in 2016.
Apart from his efforts, what showcases his out-of-the-box thinking capabilities, was the idea of launching the world’s cheapest car, Tata Nano. Manufacturing a car with the cost of 1 Lakh rupees is not just an easy task, it is nearly impossible. All laughed at him when he told that idea and engineers are also told that is not possible. Even the company is getting loses due to that model he still made available that car in the market because that car is his dream car. But with his vision, he worked hard and made his dream as come true. His vision brought this idea to life and changed the Indian automobile market forever.
It is often said about businessmen that they are only concerned about earning profits. Though it cannot be entirely denied, Ratan Tata has a somewhat different approach. He regularly gives cheques to charitable institutions working solely for the betterment of the society. Similar institutions own more than two-thirds of the Tata Group which in itself is a sign of the organisation’s commitment towards the society. During the vicious attack of 26/11 at the Taj hotel in Mumbai, Ratan Tata personally overlooked the assistance being provided to the victims. Later, he made sure that the families of the staff who were killed or injured were provided all kinds of relief and met all of them to show solidarity. If ever a list of the most generous businessmen would be made, Ratan Naval Tata’s humility would surely get him the top spot.
Ratan Tata believes that a person should identify opportunities and challenges according to his ability and circumstances. Nobody knows you better than you, so you should take advantage of the opportunity, keeping in mind your current circumstances and abilities. Ratan Tata believes that you should develop the ability to accept yourself as you are. Try hard to live in reality and unless you are confident in yourself, the path of life can never move forward.
Ratan Tata who always insisted on doing something new in his life always believes that we should not run after anyone at all, Provided that we should try to do something different from other people, only then we will be able to stand apart from the crowd. Every person has some special qualities and talents, so every person should continue to try to identify the qualities and talents within them. Till 2012, when Ratan Tata announced retirement, the brand ‘Tata’ was not being run by a man but a brand itself. His conscience was clear which was reflected in his deeds. The man who had a restricted nature was faced with consistent challenges in life and career but he stood up to them and fought a tough battle to successfully lead a business organisation as big as the Tata Group.