Ratan Naval Tata, a bachelor, is the
chairman of the Tata Group, India's most respected conglomerate. He was born
into a Parsi family in Mumbai (then called Bombay) to Soonoo and Naval Hormusji
Tata on December 28, 1937.
He did a short stint with Jones and
Emmons in Los Angeles, California, before returning to India in 1962. He had
earlier turned down an IBM job offer. He joined the family business in 1962 and
worked with many of his group's companies. He took over as group chairman from
the legendary J R D Tata in 1991.
Since then, he has been instrumental
in boosting the fortunes of the Tata Group, which has amongst the largest
market capitalisations in the Indian stock markets.
Tata Motors developed the Tata
Indica in 1998. This was the first 'entirely Indian' passenger car. Ratan
Tata's dream now is to manufacture a car costing just Rs 100,000. Ratan Tata
holds a degree in Architecture and Structural Engineering from Cornell
University. He has also done the Advanced Management Program from Harvard
Business School in 1974-1975.
Ratan Tata was honoured with one of
India's highest civilian awards, the Padma Bhushan, on January 26, 2000.
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