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Ratan Tata
Chairman, Sir Ratan Tata Trust and Allied TrustsBirth DetailsDecember 28, 1937 | Mumbai, India
NationalityIndian
LeagueBusiness Leader
EducationBachelor of Science, Cornell University; AMP, Harvard Business School
Ratan Tata's Journey so far ...
Before you go ...
- Ratan Naval Tata studied architecture and structural engineering in New York's Cornell University, and completed his Bachelor of Science degree in 1962. He joined the Tata Group later that year after a brief stint with Jones and Emmons in Los Angeles
- After working in various group companies, including TELCO (now Tata Motors) and TISCO (now Tata Steel), he was appointed as the chairman of Tata Industries in 1981. He eventually went on to become the group's fifth chairman in 1991, succeeding his uncle J.R.D. Tata.
- In his tenure, Ratan Tata restructured the group as he slashed the number of companies in the group from over 300, and bought new businesses with growth potential
- Under his chairmanship, various group companies of Tata Sons went on to generate huge revenues and he turned the salt to software conglomerate into a $100 billion group
- Ratan Tata also steered the conglomerate’s overseas expansion deftly as various Tata Group companies acquired big global brands
- In 2000, the UK-based Tetley was acquired by Tata Tea (now Tata Consumer Products Limited) for $407 million and is now sold in over 40 countries.
- Ratan Tata helped Tata Motors in acquiring Daewoo Commercial Vehicles for $102 million in 2004. It was then the largest Indian takeover in Korea
- In the biggest-ever foreign takeover by an Indian company, he led Tata Steel to acquire the Anglo-Dutch steelmaker Corus in 2007 for $12.2 billion. The deal catapulted the brand into becoming the world's fifth-largest steelmaker
- A year later, Tata Motors acquired two quintessential British cars Jaguar, and Land Rover - from Ford for $2.3 billion. Tata himself was directly involved in the turnaround plan of the company, and by 2017, JLR’s revenue topped $34 billion
- In a path-breaking move, Ratan Tata launched Nano at the Auto Expo in 2008. Dubbed as the cheapest car, Nano took Tata Motors to the world stage making it a case study in many business schools
- At the age of 75, Ratan Tata stepped down in December 2012 after completing 50 years in the group. He came back briefly for two-and-a-half months in 2016 after Tata Sons sacked Cyrus Mistry and before N Chandrasekaran was appointed as Chairman.
- His post-retirement investment includes buying stakes in over a dozen startups. He also continues to be involved with the Tata Trust, the charitable organisation of the Tata group founders which focuses on tackling child malnutrition, healthcare, literacy and social justice
Before you go ...
- Ratan Tata has received numerous honorary degrees as well as the Government of India's second and third highest civilian awards: the Padma Vibhushan in 2008 and the Padma Bhushan in 2000
- He holds a licence for flying and is a trained pilot. He is the first civilian to fly an F-16
- He was inspired to launch the Nano when he saw a family of four on a motorcycle trying to navigate their way as heavy rains lashed Mumbai. The sight of the kids being sandwiched between the mother and father, provoked him to experiment with an option that would be heavily subsidised and yet safe
Last Updated: 15/02/2021
Ratan Tata News
Is it time to start buying IT stocks? Macquarie’s Ravi Menon explainsThe IT sector anticipates growth is being driven by AI and enterprise technology spending amid concerns over interest rates and consulting demand. Companies like Tata Technologies are facing valuation challenges in the engineering services segment, contrasting with positive growth prospects for IT services, says Ravi Menon, IT Services Analyst, Macquarie.
Tata Power shares drop 0.58% as Sensex risesA total of 241,552 shares changed hands on the counter till 12:17PM (IST)
NFO Tracker: How new mutual funds launched in 2024 are doingDiscover the top performers like Motilal Oswal Nifty Realty ETF and HDFC Manufacturing Fund, showcasing impressive returns in the market. These funds have attracted significant assets and delivered strong performances within a specific period of time in 2024.
Tata Elxsi shares gain 0.19% as Sensex risesA total of 1,322 shares changed hands on the counter till 11:11AM (IST)
Tata Motors' passenger EV sales dropped 34 pc in JuneTata Motors experiences sales decline in passenger vehicles, including EVs, in June. Despite challenges, the company foresees a recovery in demand, especially with the upcoming festive season. Tata Motors stands ready to capitalize on growth opportunities, driven by a strong SUV portfolio and expanding presence in the international market.
U-Turn: Sensex, Nifty erase gains after hitting record highsFrom the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
F&O radar | Deploy Bull Call Spread in Tata Motors to benefit from potential up-moveTata Motors stock shows strong bullish momentum supported by technical indicators, suggesting potential upside movements with a Bull Call Spread options strategy for traders anticipating a moderate rise in price.
Stocks in news: Patanjali Foods, IOL Chemicals, Carysil, Tata Steel, Coal IndiaCoal India's coal production rose 8% to 189.3 million tonnes in the first quarter. Patanjali Foods approved the acquisition of the home and personal care business. DCX Systems received a Rs 1,250 crore order.
CXO-level shifts rearrange top deck at Indian startupsThe world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.
Stock Radar: TCS showing signs of bottoming out; likely to reclaim 4,000 levelThe IT stock hit a high of Rs 4,254 on the S&P BSE Sensex on March 18, but experienced a subsequent decline, reaching levels around 3,500 points. A rebound followed, with the stock reaching a low of approximately 3,600 points on June 4, 2024. A steady rise ensued, propelling the stock to reclaim its 50-day moving average on the daily charts — a significant technical level. A buy signal generated by the Supertrend indicator on June 27, 2024, further suggested that the upward momentum was likely to continue.
Car sales lose pace in June, SUVs stay in frontPassenger vehicle sales in India remained sluggish for the third consecutive month in June due to a high base and reduced post-pandemic pent-up demand. Sales rose 3.7% from a year earlier but slightly declined from May, with 340,784 units sold compared to 328,710 last year. SUVs comprised 53% of sales.
Ratan Tata launches Tata Trusts Small Animal Hospital in Mumbai: Here’s how you can book an appointmentThe much-anticipated day has finally come! Ratan Tata has officially inaugurated his long-cherished 'pet project,' the Tata Trusts Small Animal Hospital. Located in Mumbai's Mahalaxmi area, the hospital is dedicated to caring for both stray and domesticated dogs, cats, and birds.
Mid and small IT companies showed sustained improvement in revenue, profit share in March ’24 quarterSmall and medium sized IT companies continued to show year-on-year improvement in the share of aggregate revenue and profit of the sector in the March 2024 quarter though the extent of improvement has tapered down implying resilience from the top tier companies.
Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM FinancialStating that Tech Mahindra remains a ‘buy' on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.
Ratan Tata prevents mass firing of 115 TISS staff, provides financial grantsRatan Tata has emerged as a savior for TISS employees. Recently, the prestigious Tata Institute of Social Sciences laid off 115 staff members. However, this decision was quickly reversed after Tata, chairman of the Tata Education Trust, offered to extend financial grants.
How has Sensex performed in months with Monday the 1st as trading day?Indian headline index S&P BSE Sensex started July trade on Monday, which is also the first day of the month, jumping by over 400 points. An ETMarkets analysys of Sensex's performance in months beginning with Monday since 2020 reveals that the 30-stock index has given positive closing on five out of seven occasions.
Tata Equity P/E Fund turned Rs 10,000 monthly SIP into Rs 1.82 crore in 20 yearsLaunched in June 2004, the scheme has consistently outperformed its benchmark, the Nifty 500 - TRI, delivering impressive returns. Over a decade, the scheme provided a 17.04% return compared to the benchmark's 15.27%. In the past five years, it yielded 21.14%, surpassing the benchmark's 19.76%. The scheme achieved a remarkable 25.78% return over three years, whereas the benchmark returned 19.81%.
Tata Motors domestic sales dip 8 pc in JuneTata Motors reported an 8% decline in total domestic wholesales to 74,147 units in June, with passenger vehicle sales at 43,624 units. The company anticipates a demand recovery with a strong enquiry pipeline and the upcoming festive season in August. Focus remains on the SUV portfolio, especially Punch and Nexon models, as the industry prepares for growth.
Union calls off strike action at Tata Steel UK plantTata Steel UK has halted its planned industrial action against a steelworkers' union, Unite, over its Port Talbot plant in Wales. The union had planned to strike from July 8, leading to Tata challenging the balloting process and bringing forward a planned closure of blast furnaces. Tata Steel UK welcomed Unite's decision against a strike and shelved early closure plans. The company will now focus on future investments and aspirations for the business, not renegotiation of the heavy-end closure or enhanced employment support terms.
Sudha Murty’s son Rohan shares photo of his mom on her 1st day as Rajya Sabha MP, post goes viralOn March 14, Sudha Murty took the oath as a Rajya Sabha MP, with her husband, Infosys founder N.R. Narayana Murthy, in attendance. The oath was administered by Chairman Jagdeep Dhankar. Murty was nominated to the Upper House of Parliament on International Women's Day. She has received many awards, including the Padma Shri and Padma Bhushan.
Tata Power shares decline 1.02% as Sensex climbsA total of 524,443 shares changed hands on the counter till 01:34PM (IST)
Tata Elxsi shares rise 0.56% as Sensex climbsA total of 8,228 shares changed hands on the counter till 12:22PM (IST)
These 6 mid cap mutual funds turn Rs 5 lakh lumpsum investment into Rs 1 crore in 20 yearsIn the last 20 years, several mid cap mutual funds, including Sundaram Mid Cap Fund and Nippon India Growth Fund, efficiently multiplied a Rs 5 lakh investment to Rs 1 crore. Tata Mid Cap Growth Fund and Franklin India Prima Fund also showcased impressive growth with substantial returns and notable Compound Annual Growth Rates (CAGR).
Corporate Watch: M&M, Tata Comm among 36 stocks in spotlight this weekWelspun Enterprises and DJ Mediaprint declared dividends with ex-dates on July 5. Escorts Kubota also set July 5 as the ex-date for dividend issuance. Several other companies like Tide Water, SKF India, and Balaji Amines have dividend and ex-date announcements in the same week.
Mirae Asset Large Cap mutual fund has underperformed peers, benchmark since 2022; what should investors do?We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
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