Ratan Tata Biography in 2024: Career, News, Net Worth, Education And Family

April 28, 2024 by Penny Gusner

News

Himanta Sarma, the Chief Minister of Assam, recently had a meeting with renowned industrialist Ratan Tata to express his gratitude for what he described as a “game-changing investment.” The exact details of this investment have not been disclosed yet but it has sparked a positive response from the public. Ratan Tata, the former chairman of Tata Sons, is widely regarded as a visionary and a stalwart in the business world. His contributions to various industries have earned him admiration and respect from people across the globe. Pictures from their meeting have surfaced online, prompting Tata’s fans to express their admiration for him once again. Many have hailed him as a hero and praised his commitment to making meaningful investments that have a positive impact on society. The collaboration between Himanta Sarma and Ratan Tata signifies the importance of strategic partnerships between government officials and business leaders in driving economic growth and development. It also highlights the significance of recognizing and appreciating individuals who contribute to transformative investments that benefit communities at large.

Ratan Tata Biography Quick info 

Birth	28 December 1937
Age	84 years
Education	Cornell University Harvard Business School
Family	Naval Tata (Father) Sooni Commissariat (Mother)
Occupation	Former Chairperson of Tata Sons and Tata Group Philanthropist Investor
Title	Chairman Emeritus, Tata Sons and Tata Group
Predecessor	JRD Tata
Successor	Cyrus Mistry (2012) Natarajan Chandrasekaran (2017–present)
Awards	Padma Vibhushan (2008) Padma Bhushan (2000)
Net Worth	Rs. 6000 crores
Famous Quotes	“I don’t believe in taking the right decisions. I take decisions and then make them right.”  “Power and wealth are not two of my main stakes.”

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Career

He accumulated experience across various Tata Group companies and was appointed as the director of the National Radio and Electronics Co in 1971. A decade later, he assumed the position of chairman at Tata Industries, and in 1991, he took over as chairman of the Tata Group after his uncle, J.R.D. Tata.

Net Worth

Ratan Tata, a prominent figure in the Indian business world, boasted a substantial net worth of ₹3,800 crore and secured the 421st position on the IIFL Wealth Hurun India Rich List. His wealth is a testament to his successful business ventures and strategic investments across various industries. Ratan Tata’s influence extends beyond his financial achievements, as he is also recognized for his philanthropic efforts and leadership in steering Tata Group to greater heights. His entrepreneurial acumen and dedication to social causes have solidified his reputation as a visionary leader in India.

Education

Naval Tata’s son, Ratan Naval Tata, was adopted by Ratanji Tata, the son of Jamsetji Tata, who is renowned as the founder of the esteemed Tata Group. Ratan Naval Tata pursued his education at Cornell University College of Architecture, where he successfully obtained a bachelor’s degree in architecture. His lineage from such an illustrious family has undoubtedly influenced his career path and achievements.

Ratan Tata Wife

Ratan Tata is unmarried. It is interesting to note that he came close to marrying four times, but could not married for various reasons. He once admitted that while he was working in Los Angeles, there was a time when he fell in love.

Family

Tata was 10 years old in 1948 when his parents separated. Following this, he was brought up by Navajbai Tata, his grandmother and the widow of Ratanji Tata. His younger brother is Jimmy Tata, and he also has a half-brother named Noel Tata, from his grandmother’s second marriage with Simone Tata, with whom he grew up.

Famous Quotes By Ratan Tata

• 1- “I don’t believe in taking the right decisions. I take decisions and then make them right.”
• 2- “If you want to walk fast, walk alone. But if you want to walk far, walk together.”
• 3- “I’ve often felt that the Indian Tiger has not been unleashed.”
• 4- “People still believe what they read is necessarily the truth.”
• 5- “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.”
• 6- “Power and wealth are not two of my main stakes.”
• 7- “I have been constantly telling people to encourage people, to question the unquestioned, and not to be ashamed to bring up new ideas, new processes to get things done.”
• 8- “None can destroy iron, but its own rust can! Likewise, none can destroy a person, but its own mindset can!”
• 9- “Businesses need to go beyond the interest of their companies to the communities they serve.”
• 10- “Ups and downs in life are very important to keep us going because a straight line even in an ECG means we are not alive.”
• 11- “Apart from values and ethics which I have tried to live by, the legacy I would like to leave behind is a very simple one – that I have always stood up for what I consider to be the right thing, and I have tried to be as fair and equitable as I could be.”
• 12- “I admire people who are very successful. But if that success has been achieved through too much ruthlessness, then I may admire that person, but I can’t respect him.”
• 13- “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.”
• 14- “Don’t be serious, enjoy life as it comes.”
• 15- “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.”
• 16- “One hundred years from now, I expect the Tatas to be much bigger than it is now. More importantly, I hope the Group comes to be regarded as being the best in India.. best in the manner in which we operate, best in the products we deliver, and our best in our value systems and ethics. Having said that, I hope that a hundred years from now we will spread our wings far beyond India.”
• 17- “Take the stones people to throw at you, and use them to build a monument”
• 18- “I followed someone who had very large shoes. He had very large shoes. Mr. J. R. D. Tata. He was a legend in the Indian business community. He had been at the helm of the Tata organization for 50 years. You were almost starting to think he was going to be there forever.”
• 19- “Young entrepreneurs will make a difference in the Indian ecosystem.”
• 20- “I would say that one of the things I wish I could do differently would be to be more outgoing.”
• 21- “The strong live and the weak die. There is some bloodshed, and out of it emerges a much leaner industry, which tends to survive.”
• 22- “At Tatas, we believe that if we are not among the top three in an industry, we should look seriously at what it would take to become one of the top three players.. or think about exiting the industry”

Awards 

Year	Name	Awarding Organization
2000	Padma Bhushan	Government of India
2008	Padma Vibhushan	Government of India
2001	Honorary Doctor of Business Administration	Ohio State University
2004	Medal of the Oriental Republic of Uruguay	Government of Uruguay
2004	Honorary Doctor of Technology	Asian Institute of Technology.
2005	International Distinguished Achievement Award	B’nai B’rith International
2005	Honorary Doctor of Science	University of Warwick.
2006	Honorary Doctor of Science	Indian Institute of Technology Madras
2006	Responsible Capitalism Award	For Inspiration and Recognition of Science and Technology (FIRST)
2007	Honorary Fellowship	The London School of Economics and Political Science
2007	Carnegie Medal of Philanthropy	Carnegie Endowment for International Peace
2008	Honorary Doctor of Law	University of Cambridge
2008	Honorary Doctor of Science	Indian Institute of Technology Bombay
2008	Honorary Doctor of Science	Indian Institute of Technology Kharagpur
2008	Honorary Citizen Award	Government of Singapore
2008	Honorary Fellowship	The Institution of Engineering and Technology
2008	Inspired Leadership Award	The Performance Theatre
2009	Honorary Knight Commander of the Order of the British Empire (KBE)	Queen Elizabeth II
2009	Life Time Contribution Award in Engineering for 2008	Indian National Academy of Engineering
2009	Grand Officer of the Order of Merit of the Italian Republic	Government of Italy
2010	Honorary Doctor of Law	University of Cambridge
2010	Hadrian Award	World Monuments Fund
2010	Oslo Business for Peace award	Business for Peace Foundation
2010	Legend in Leadership Award	Yale University
2010	Honorary Doctor of Laws	Pepperdine University
2010	Business for Peace Award	Business for Peace Foundation
2010	Business Leader of the Year	The Asian Awards.
2012	Honorary Fellow	The Royal Academy of Engineering
2012	Doctor of Business honoris causa	University of New South Wales
2012	Grand Cordon of the Order of the Rising Sun	Government of Japan
2013	Foreign Associate	National Academy of Engineering
2013	Transformational Leader of the Decade	Indian Affairs India Leadership Conclave 2013
2013	Ernst and Young Entrepreneur of the Year – Lifetime Achievement	Ernst & Young
2013	Honorary Doctor of Business Practice	Carnegie Mellon University
2014	Honorary Doctor of Business	Singapore Management University
2014	Sayaji Ratna Award	Baroda Management Association
2014	Honorary Knight Grand Cross of the Order of the British Empire (GBE)	Queen Elizabeth II
2014	Honorary Doctor of Laws	York University, Canada
2015	Honorary Doctor of Automotive Engineering	Clemson University
2015	Sayaji Ratna Award	Baroda Management Association, Honoris Causa, HEC Paris
2016	Commander of the Legion of Honour	Government of France
2018	Honorary Doctorate	Swansea University
2021	Assam Baibhav	Government of Assam

Summary

Ratan Tata’s journey is a testament to his unwavering dedication, visionary leadership, and profound impact on the business world. From his remarkable career achievements to his influential family background, Ratan Tata’s biography encapsulates a legacy of success and innovation that continues to inspire generations. As we delve into the intricacies of his life story, it becomes evident that his contributions have left an indelible mark on the corporate landscape. Discover the unparalleled tale of one of India’s most iconic figures and gain insights into the extraordinary life of Ratan Tata in 2024.