Ratan Tata is one of the most honoured and richest men in India. The Tata family is a renowned business family based in Mumbai. Tata Sons is the main holding company of the Tata Group. 65% of the stock is owned by a charitable trust, namely the Ratan Tata Trust and the Dorab Tata Trust. Tata is a Parsi family who came to Mumbai from Gujarat. Ratan Tata is not married but he fell in love and was about to get married after college. Ratan Tata revealed that at an early age he took a job in Los Angeles and worked there for more than two years.
In LA he fell in love and almost got married but due to the bad health of his grandmother he had to move back to India. Ratan Tata had thought that the woman he loved would also move to India with him. However, due to the India-China war of 1962, her parents were not comfortable with her decision of getting settled in India. This broke up their love affair. In an interview, Tata has said that he seriously came close to marriage four times but each time he backed off due to one or the other reason.
Ratan Tata’s Family & His Early Life
Ratan Tata was born to Naval Tata and Soonoo Commisarita and he has one younger brother Jimmy Tata. He was just 10 years old when his parents separated. Ratan Tata’s father got remarried to a French woman Simone and had a son named Noel Tata. Ratan Tata’s family is a little complex to understand, so let’s start from scratch.
Jamshedji Nusserwanji Tata was born on March 3, 1839. He is often called the father of Indian industry. Dorabji Tata was the elder son of Jamshedji Tata and Ratan Tata was a younger son. After the death of Ratan Ji Tata, his wife Navajbai Tata adopted orphan Naval, who was the grand-nephew of her mother-in-law. Navalji Tata then married Soonoo Commisarita and gave birth to their elder son whose name was kept after his late grandfather Ratanji Tata.
Ratan Tata’s childhood was spent well as he was born in one of the most renowned families. He has never faced financial problems ever. Both Ratan Tata and Jimmy Tata were raised by their grandmother Navajbai Tata. Ratan Tata was very close to his grandmother. He has always thanked his grandmother Navajibai for teaching him values and to retain dignity at any cost. Ratan Tata also gave up his love when his grandmother was very ill and he moved back to India from Los Angeles.
Who will be the Next Leader after Ratan Tata?
The Tata group has evolved in the last seventy years. Their five operating companies Tata Steel, Tata Power, Tata Chemicals, Tata Motors and Indian Hotels gave them new heights of success. Ratan Tata is 83 years old now and he is not as young as he was at the time of joining the Tata Group many years ago. Now the question arises in the minds of hundreds of institutional shareholders and stakeholders like the employees and business partners of the Tata group that what will happen to the group after Ratan Tata. Will a younger family member take over? Or will professional managing trusts takeover the Tata empire? There are no answers to these questions as yet.
Some Little Known Facts about Ratan Tata!
Ratan Tata is a huge animal lover. In Mumbai, it is a tradition in his house to let street dogs in during the rainy season. He has two pet dogs named Tito and Maximus.
Ratan Tata always keeps his promise. In 2009, he promised to make a car cost just one lakh rupees and he has done his best to keep his promise and he came up with the Nano.
Ratan Tata is a skilled pilot. He has a keen interest in flying. He was the first pilot to fly the F-16 Falcon in 2007.
Ratan Tata donated $50 million to Harvard Business School to construct an executive centre. The hall was named Tata Hall.
Ratan Tata was awarded the Padma Bhushan in 2000 and Padma Vibhushan in 2008.