Ratan Tata, in complete Ratan Naval Tata, (born December 28, 1937, Bombay [now Mumbai], India), Indian businessman who have become chairman (1991–2012 and 2016–17) of the Tata Group, a Mumbai-based totally conglomerate.
A member of a distinguished family of Indian industrialists and philanthropists (see Tata circle of relatives), he changed into educated at Cornell University, Ithaca, New York, wherein he earned a B.S. (1962) in architecture before returning to work in India. He received enjoy in a number of Tata Group companies and turned into named director in rate (1971) of one among them, the National Radio and Electronics Co. He have become chairman of Tata Industries a decade later and in 1991 succeeded his uncle, J.R.D. Tata, as chairman of the Tata Group.
Upon assuming leadership of the conglomerate, Tata aggressively sought to expand it, and increasingly more he targeted on globalizing its groups. In 2000 the group obtained London-based totally Tetley Tea for $431.Three million, and in 2004 it purchased the truck-production operations of South Korea’s Daewoo Motors for $102 million. In 2007 Tata Steel completed the largest company takeover through an Indian organization when it obtained the massive Anglo-Dutch metal producer Corus Group for $11.Three billion.
In 2008 Tata oversaw Tata Motors’ purchase of the elite British automobile brands Jaguar and Land Rover from the Ford Motor Company. The $2.Three billion deal marked the largest-ever acquisition through an Indian automotive company. The following yr the enterprise launched the Tata Nano, a tiny rear-engined, pod-shaped automobile with a starting fee of approximately one hundred,000 Indian rupees, or about $2,000. Although only barely greater than 10 feet (three metres) long and about 5 toes (1.5 metres) extensive, the relatively touted “People’s Car” should seat up to five adults and, in Tata’s phrases, would offer a “safe, cheap, all-climate form of delivery” to thousands and thousands of center- and lower-income consumers each in India and abroad. In December 2012 Tata retired as chairman of the Tata Group. He in brief served as interim chairman starting in October 2016 following the ouster of his successor, Cyrus Mistry. Tata lower back to retirement in January 2017 when Natarajan Chandrasekaran turned into appointed chairman of the Tata Group.
Among many other honours accorded him all through his profession, Tata acquired the Padma Bhushan, one in every of India’s most outstanding civilian awards, in 2000.