Ratan Tata is one of the leading Indian industrialists, he was the former chairman of the largest Indian conglomerate Tata group of companies. Currently, he is the holding company of Tata Sons Tata Group which controls some of the major companies including Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Indian Hotels, and Tata Teleservices. Ratan Tata grew up near his grandmother. When his parents separated. He started work as a fellow worker at the Tata Steel shop and learned about his family business. JRD After his retirement, he became the new chairman of the Tata group. Under his leadership, the organization attained new heights and generated large amounts of foreign revenue. He was instrumental in the acquisition of Tetley, Jaguar Land Rover and Corus, which transformed Tata from a major India-centric company into a global brand name. In addition to his multinational expansion, he served in a variety of organizations in India and abroad. He is a prominent philanthropist and invests more than half of his stake in the group in charitable trusts. Through his pioneering views and positive outlook, he is serving as the driving force for his organization even after retirement. In this article, we shared some of the best Ratan tata quotes.
Wise Words of Sir Ratan Tata
“How strange it is: We wish to wear high brands but we feel most comfortable in pajamas.
We wish to sit in Taj & Marriot with elite people, but we enjoy roadside tea with friends and with people we love.
We wish to own big cars, yet we talk our hearts out only while walking down a long road.
We have 64GB iPods filled with songs but sometimes a song on the radio brings a smile that can,t be compared.”
Top Best of Ratan Tata Quotes
“I don’t believe in taking right decisions. I take decisions and then make them right.”
“None can destroy iron, but its own rust can! Likewise, none can destroy a person, but its own mindset can!”
“If you want to walk fast, walk alone. But if you want to walk far, walk together.”
“Powers and wealth are not two of my main stakes.”
“Deal with crisis in such a way that you can hold your head high and sleep well at night.”
“People still believe what they read is necessarily the truth.”
“I think there are many honest businessmen.”
“I am interested in what I earn, I am interested in my growth.”
“Business need to go beyond the interest of their companies to the communities they serve.”
“The day I am not able to fly will be a sad day for me.”
“Take the stones people throw at you. and use them to build a monument.”
“If it stands the test of public scrutiny, do it… if it doesn’t stand the test of public scrutiny then don’t do it.”
“I would say that one of the things I wish I could do differently would be to be more outgoing.”
“As you grow older, you become everybody becomes – less inflexible and a little more accommodating.”
“A founder who is in for the short run, or has no passion for the sector he is in, doesn’t give me a great deal of comfort.”
“Flying, I continue to be involved with it. I love flying, and I hope to keep doing it so long as I can pass my medicals and stay proficient.”
“If a founder has passion and innovation, he needs to be supported. I am more intuitive than a numbers person, and I recognize that not all investments are going to be positive. Some may fail, and some may have problems for other reasons. That is life.”
“I have always been very confident and very upbeat about the future potential of India. I think it is a great country with great potential.”
“Ups and downs are very important to keep us going because a straight line even in an E. C. G. means we are not alive.”
“There are many things that, if I have to relive maybe I will do it another way. But I would not like to look back and think what I have not been able to.”
“If we dispense with some of our self-made boundaries, India can really take its place in the world as an economic power. It hasn’t happened because we, sadly, don’t look at ourselves as Indians but as Punjabis or Parsis, unlike the Americans. Don’t make such boundaries.”
“I came seriously close to getting married four times, and each time I backed off in fear or for one reason or another. Each occasion was different, but in hindsight when I look at the people involved, it wasn’t a bad thing what I did. I think it may have been more complex had the marriage taken place.”
“If there are challenges thrown across, then some interesting, innovative solutions are found. Without challenges, the tendency is to go on the same way.”
Childhood and early life and Childhood
He was born on 28 December 1937 in Surat, India. His father’s name was Naval Hormusji Tata and mother’s name was Sonu Tata. Naval Tata was the adopted son of Jamsetji Tata’s younger son Ratanji Tata. Jamsetji Tata was the founder of the Tata group of companies.
Ratan Tata has a brother, Jimmy, and a half-brother, Noel Tata. When he was ten, his parents separated and after that, he and his brother were brought by his grandmother Nawaz Bai Tata.
He received his early education from Campion School, Mumbai, and finished his schooling at Cathedral and John Kanan School, Mumbai. In 1962, he did his BS in Architecture from Cornell University, USA. He later enrolled at Harvard Business School and completed the Advanced Management Program in 1975.
In 1962, he began his career with the Tata Steel Division, where he worked in furnaces with blue-collar employees. It was a difficult task. Helped him gain a better understanding and respect for his family business.
In 1971, he was appointed as Director-in-Charge of National Radio Electronics Company Limited (NELCO). So, to help with their struggling financing. He worked towards creating a better consumer electronics division. But, the economic downturn and union attacks prevented him from achieving success.
In 1977, he was moved to Empress Mills, a struggling textile mill within the Tata group. He proposed a plan for the mill but was rejected by another Tata official and the mill closed. Later, he was transferred to Tata Industries.
In 1991, J.R.D. Tata appointed him as the new chairman of the Tata group. The decision came under scrutiny following objections from other executives of the company and questions were raised about their ability to run the corporation. But he succeeded in improving the financial success of the industries and under his leadership the growth of the organization expanded.
He changed the management and vision of the division and managed to fetch huge dividends. He also became a member of the Prime Minister’s Council on Trade and Industry. He served on the Advisory Board of the Rand Center for Asia Pacific Policy and is also an active participant of the AIDS Initiative Program in India. He is also a member of the International Advisory Board of Mitsubishi Corporation, American International Group, JP Morgan Chase, and Booz Allen Hamilton.
On his 75th birthday, that is, on 28 December 2012, he resigned as the chairman of the Tata group. Shapoorji succeeded Pallonji Group Managing Director. Even after retiring, he is still an active businessman and invests in upcoming promising business ventures.
Major Works and Success
As chairman of the Tata group, he was able to gain international recognition and prestige for his company. The company’s staggering financial success brought the Tata Group to the New York Stock Exchange, and under his supervision, the corporation became a global brand by acquiring companies such as Tetley, Jaguar Land Rover, and Corus.
He was instrumental in the concept and manufacture of Tata Nano and Tata Indica cars. He is also a notable philanthropist and 65% of his share is invested in charitable trusts. One of the main goals of his life is to increase the quality of life of Indians along with human development.
Awards and Achievements Awards
- In 2000, he was awarded the Padma Bhushan, the third-highest civilian honor conferred by the Government of India.
- In 2004, he was awarded the Medal of Oriental Republic Uruguay by the Government of Uruguay.
- In 2005, the ‘ Bayon Brith International ‘ by the ‘ International Distingd Achievement Award ” was awarded. In 2007, he was awarded the Honorary Fellowship of the London School of Economics and Political Science.
- In 2008, he was awarded the ‘ Padma Vibhushan ‘, the second-highest civilian honor by the Government of India.
- In 2009, by the Government of Italy, ” the Italian Republic Order of Merit of ” Grand Officer ” was awarded the prize.
- In 2009, he was awarded the title of Honorable Knight Commander of the Order of the British Empire, United Kingdom.
- In 2010, he won the ‘ Oslo Business for Peace Award ‘ presented by the Business for Peace Foundation.
- In 2014, he was awarded the ‘ Honor Knight Grand Cross of the Order of the British Empire ‘.
Personal Life and Heritage Personal Life
Ratan Tata is a graduate. He is known for his low profile lifestyle. He lives in a simple house in Mumbai and drives a Tata sedan car.