Business Kohinoor : Ratan Tata

Who is Ratan Tata and how ‘real’ a Tata is he?

Since the board of Tata Sons Ltd, the $100-billion Tata Group holding firm, sacked Cyrus Mistry as its chairman, both sides have been on loggerheads with each other and a full-fledged boardroom war has ensued.

Bharatiya Janata Party chief and Rajya Sabha member Subramanian Swamy waded into the controversy amid all the allegations and counter-allegations. The intrepid chief, who had previously made many unsubstantiated allegations against former Indian Reserve Bank Governor Raghuram Rajan, said Ratan Tata was “the most corrupt chairman” in the history of the party, and that he was “not even a Tata” as his father was an adopted child.

Who was Ratan Tata’s father? And was he a ‘real’ Tata?

Ratan Naval Tata was born to Naval Hormusji Tata and his first wife, Soonoo Commissariat. Nevertheless, Naval was not born into the Tata family. He was born in 1904 to Hormusji Tata, a spinning mill master, who died when Naval was just four, in a middle class Parsi family in Bombay.

Who was Naval’s mother?

Hirabai Daboo, Jamshedji Tata’s aunt, who established the 19th century Tata Empire, had a Cooverbai Daboo niece. Cooverbai married Shapoorji Rao, and she had a daughter called Ratanbai Rao with her.

Life of the business Kohinoor- Ratan Tata

Ratan Naval Tata | Tata group

Ratan Tata was born on 28 December 1937 in Bombay, British presidency, to Naval Tata and Sooni Tata. He was later adopted and raised by his grandmother, Navajbai Tata. He studied at Shimla Bishop Cotton School, graduated from Riverdale Country School, New York City. Web. Web. Graduated from Cornell University in Architecture with Structural Engineering, and in 1975 graduated from Harvard Business School ‘s Advanced Management Program — an institution he has since endowed.

His road to the successful career.

Although he was born into the Tata family, he won his spot. Tata started his career in the Tata Group in 1961 working on Tata Steel’s shop floor, shoveling calcareous, and handling blast furnace. Promoted management in the 1970s; subsequently underwent a fire trial and was able to transform the National Radio and Electronics (NELCO) group business around, only to see it fail after an economic downturn. R. D. Tata stepped down as Tata Sons chairman, appointing him as his successor.

During the twenty-one years he led the Tata Group, revenues grew more than 40 times, and profits more than 50 times. He resigned his executive powers from the tata group on 28 December 2012, and appointed Cyrus Mistry as Tata group chairman. He was subsequently removed from the post on 24 October 2016 and Ratan Tata became the Tata group’s interim chairman until 12 January 2017, after which Natarajan Chandrasekaran was handed over the role. Ratan Tata invested his personal savings in Abra, Nestaway, Dogspot, Bitcoin, Snapdeal, Teabox, CashKaro.com, Ola Cabs, Paytm, Xiaomi, American Express.

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