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Ratan Tata, the son of Naval Tata, was born on December 28, 1937, in Bombay, now Mumbai (born in Surat). Hirabai Tata, the wife of group founder Jamshedji Tata, was his biological maternal grandmother. Ratan was a Tata by birth since his biological grandpa, Hormusji Tata, was a member of the Tata dynasty. Ratan’s parents divorced when he was ten years old, and he was reared by his grandmother, Navajbai Tata, the widow of Sir Ratanji Tata, who legally adopted him through the J. N. Petit Parsi Orphanage. He was reared by his half-brother, Noel Tata (from Naval Tata’s second marriage to Simone Tata). G is his first language. He attended the Campion School in Mumbai till the eighth grade, then Cathedral and John Connon Schools in Mumbai, Bishop Cotton School in Shimla, and Riverdale Country School in New York City, where he graduated in 1955. He earned a bachelor’s degree in architecture from Cornell University in 1959, and in 1975, he enrolled in Harvard Business School’s seven-week Advanced Management Program, which he has subsequently funded.
During his 21 years as CEO of the Tata Group, revenue increased by more than 40 times and profit increased by more than 50 times. When he took leadership, the group’s sales were dominated by commodities; when he left, the bulk of sales were driven by brands. He took a risk and convinced Tata Tea to buy Tetley, Tata Motors to buy Jaguar Land Rover, and Tata Steel to buy Corus. Tata became a worldwide company as a result of all of this, with over 65 percent of revenues coming from operations and sales in over 100 countries. He was the brains of the Tata Nano automobile. In a 2015 interview with Harvard Business School’s Creating Emerging Markets project, he revealed how the Tata Nano came to be. On December 28, 2012, at the age of 75, Ratan Tata relinquished his executive responsibilities in the Tata group, naming Cyrus Mistry, the 44-year-old son of Pallonji Mistry of the Shapoorji Pallonji Firm, the group’s largest individual shareholder, as his successor. Cyrus Mistry was fired as chairman of Tata Sons on October 24, 2016, and Ratan Tata was named interim chairman.
The action was subjected to heavy media scrutiny, prompting many to question the reasons for the abrupt dismissal and the ensuing turmoil. To identify a replacement, a selection committee was constituted. Mr. Tata, TVS Group CEO Venu Srinivasan, and Bain Capital’s Amit Chandra made up the selection committee. Tata put his own savings into Snapdeal, one of India’s most popular e-commerce sites, as well as Teabox, an online premium Indian tea retailer, and CashKaro.com, a discount coupons and cash-back website, which he launched in January 2016. He has made minor investments in India, including INR 0.95 crore in Ola Cabs, in both early and late stage enterprises. Tata was rumoured to have purchased a stake in Chinese smartphone startup Xiaomi in April 2015. He teamed with American Express in October 2015 to invest in the Bitcoin startup Abra. In 2016, he invested in Nestaway, an online service for bachelors to discover completely furnished flats, which later purchased Zenify to launch a family rental section and Doggo, an online pet care service.
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