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The Success Story of Ratan Tata and his Life Lessons

Ratan Tata
Ratan Tata (Picture credit: Wikimedia Commons

Welcome to Youth Motivator. I would like to tell you the success story of Ratan Tata and his company Tata Group, a multinational conglomerate company.
Ratan Tata could easily be one of the world’s top three richest persons, but he chose to touch billions the lives of billions of people instead of accumulating billions of dollars in bank.
This article is also the biography of Ratan Tata.

A brief introduction of Tata Group-

  • Tata (Tata Group) is a well-known brand; almost every Indian is familiar with the Tata brand.
  • They are omnipresent and sell everything from tea to trucks.
  • Tata is the India’s fourth largest company. The man behind this massive company is Ratan Tata.
  • Now, the revenue of the Tata Group is over 110.7 billion dollars and it employs more than 700,000 employees worldwide.
  • Tata group is doing businesses successfully in over 150 countries.
  • Now, Tata Group is running over a hundred businesses, some of which include Tata Motors, Tata Steel, Tata Consultancy Services, Tata Chemicals, Taj hotels, Titan, Tata Sky, etc.

Let us know more about the company which has a great history of 151 years and the leader who took the Tata group to such great heights.

A very humble beginning-

The Tata Group was initially started as a cotton mill in 1868 by Jamsetji Tata.
Tata group later introduced many new businesses to India and are helping greatly in the development of the nation.

Being the first-

The first airline in India was started by Tata. Now, this airline is known as the Air India and is run by the government of India.
Also, Tata established the first steel plant in Asia.
After the completion of the Second World War, Indian government took over the airlines. 

 Introduction- About Ratan Tata

Ratan Tata was born on 28 December 1937 in Mumbai in a wealthy family. When he was of 10 years of age, his parents got separated from each other, so he was raised by his grandmother.
He graduated in engineering from the Cornell University in USA.
Ratan Tata was offered a great job in IBM. But he declined the offer and instead chose to return to India and join Tata steel as advised by JRD Tata (Jehangir Ratanji Dadabhoy Tata).

Starting small-

He began his career as an apprentice in the Jamshedpur steel plant.
After working for a few years, in the year 1991 he was appointed as the chairman of the Tata group by JRD Tata.
But the majority of the board members opposed this decision; they voiced their concerns that handing over the billion dollar business to an inexperienced person is not a wise decision.
But Ratan Tata proved his doubters wrong by his achievements and workmanship.
Under his chairmanship, the group expanded very rapidly and he took the group to great heights.
And now Tata has successfully established a world-wide business empire.

The less known billionaire-

Ratan Tata could definitely be in the list of top three richest persons of the world, if he had not donated majority of his wealth to the charities.
He was never been listed in the billionaires list of India and the world, the only reason behind this is the 66 per cent of the profits are passed to the Tata Trusts, which runs many non-profit organisations.
The Tata Trusts have been servicing the nation tirelessly for over a hundred years.

Failures as the stepping stones of success-

Ratan Tata in his business life encountered many hurdles and hardships.
In the year 1998, Ratan Tata introduced Tata Indica cars. But unfortunately, these cars failed miserably in the first year of their launch.
After experiencing this failure, everyone suggested Ratan Tata to sell the cars business, to which he agreed.
So, Ratan Tata and his team went to the Ford Motor Company in USA to sell the Tata Indica cars business to them.
But in that meeting the chairman of Ford, William Clay Ford Jr. humiliated Ratan Tata and his team by saying “why did you enter in the passenger car business when you were not knowing of it. It will be favor if we buy this business from you”.
So, Ratan Tata left the meeting and returned India along with his team.

Acquiring Jaguar Land Rover-

After a few years, the car business of Tata became profitable whereas the Jaguar Land Rover brand of Ford was in deep neck losses.
At this time, Ratan Tata offered Ford to purchase this loss making car brand.
After which, the Ford team travelled from USA to India to sign this deal.
The Tata acquired the Jaguar Land Rover brand for 2.3 billion dollars and worked around to make this brand profitable.
So, Ratan Tata answered the person who insulted him in his signature way.

Making Tata a truly international brand-

Ratan Tata also took over many other big companies like Corus Group, a European steel company (now Tata Steel Europe), Tetley an England brand, etc.
He merged Tetley with the Tata Tea; this merger made the Tata Tea the biggest tea company in the world.
So, at one time India was ruled by British people but now Tata is employing many Britishers.
Ratan Tata has also acquired 22 other multinational companies and merged them into the Tata group, this made Tata a truly international brand.

Happiness over wealth-

The main goal of Tata is not to make India an economic superpower but is to make India a happier country.
To achieve this goal they established many trusts and have worked for the betterment of poor and middle class.
A very good example for this is launching Tata Nano, the world’s most affordable car.

The world’s most affordable car-

Once, Ratan Tata was travelling in his car. Suddenly, he noticed the hardships of a scooter rider, who was struggling to drive his scooter; while carrying his wife and his two children on a small scooter in rain.
This scene sparked him to manufacture a very affordable car which can be afforded by the lower middle class. So, a car was decided to be manufactured at just one lakh rupees.
When Ratan Tata pitched his idea to his team, almost everyone said that it is impossible to manufacture a car at such a low price.
But Ratan Tata wanted to help the poor people, who only dream of owning a car but cannot afford it.
So, he stood steadfast on his decision, which finally yielded results.

Tata Nano, the world’s most affordable car was launched on January 21, 2007, this took the world by surprise, as no one ever believed that a car at such a price would be possible.
But due to some reasons, the Tata Nano failed to make a significant mark in market.
By manufacturing Nano, the Tata motors incurred heavy losses in billions of dollars.
But they did not stop manufacturing these cars, as this was the dream project of Ratan Tata. Rata Tata always dreamed to realise the dreams of a poor man who longed to own a car.
Tata Nano also faced many major setbacks; like in West Bengal the people opposed the Nano car manufacturing plant, when the plant was completely constructed.
This incident forced the whole manufacturing plant to shift from West Bengal to Gujarat.

Sacrificing lives for values-

In the year 2008, the Taj Mahal Palace hotel of the Tata group in Mumbai was attacked by a group of terrorists.
During the terror attack in the hotel, the employees of this hotel focused on protecting the lives of almost 1500 visitors by risking their own lives.
Some of the Taj employees sacrificed their lives to protect the lives of innocent people from the terror attack.

Age is no bar-

Ratan Tata is a very active person, even today at the age of 81 years; he drives high-speed Falcon jets, helicopters and super cars.

Encouraging young entrepreneurs-

Ratan Tata believes that the young generation has the potential to drive the country forward, so he encourages the young entrepreneurs by investing in their start-ups.
He invested in many start-up companies like Snapdeal, CarDekho, Paytm, Ola Cabs, Xiaomi, etc.
He has invested in over 30 start-ups.

The one and only company-

The main difference between the Tata and other companies is that unlike other companies Tata never focused on accumulating personal wealth but instead focused on giving back to the society and its people.
Tata is the one and only company, which expends 66 per cent of its profits for the welfare of society.
All these contributions and efforts have won the hearts of billions of people, and today Tata is one of the most revered and trusted brands.
Honesty and great values are the core values of the Tata group.

Philanthropic activities-

Tata Trusts are striving to provide education, employment, and health to the poor people living in the far-flung areas of the country.
Tata Trust is also providing scholarships to many Indian students studying abroad.
Ratan Tata also donated 50 million dollars to the Harvard University, USA.
Out of respect to Ratan Tata, the Harvard University, named one of its buildings as the Tata Hall in Allston, Massachusetts.
He also donated over 1000 crores for the cancer patients as a diwali gift.
Ratan Tata has been awarded with many prestigious awards like Padma Bhushan and Padma Vibhushan for his notable contributions.
Also, many universities all around the world honoured him with doctorates.
Ratan Tata is the role model for the whole industrial world. India is very proud of him and his contributions.
Ratan Tata is a very humble and down to earth person; this made him the role model to billions of people.
Ratan Tata is the India’s most favourite and respected businessman.

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