Renowned as India's best brand ambassador and the former chairman of giant Tata Sons, conglomerate with interests in everything from tea to steel, Ratan Tata is an iconic Indian entrepreneur who adroitly guided the industrial giant through the tricky post-liberalization phase. He has been instrumental in raising the profile of the Tata industrial behemoth from a largely Indian based conglomerate to a truly global MNC with operations in almost all the key countries in the world. Tata is renowned for his acute business acumen and strategic vision. These qualities were fully showcased to the entire world by his acquisition of legendary British companies like steel giant Corus and marquee automobile brand Jaguar Land Rover.Notably, the industrialist’s dream of launching the cheapest car in the world was realized with the launch of the “Tata Nano’, a vehicle considered by automobile experts to be the benchmark in frugal engineering design practices. In recognition of his monumental achievements in the business world, he has been awarded with several prestigious honors like the Padma Vibhushan, India’s second highest civilian award and the British knighthood.
Ratan Tata is a very wealthy industrialist with an estimated net worth of around $1 billion. This enormous fortune has come due to the position Ratan has held as the chairman of the behemoth Tata Group constituting of around 96 companies for the best part of the past two decades. However it must be noted that the bulk of this income has come in the form of Tata’s annual salary and bonuses drawn from these companies and the tycoon shareholdings in these firms is negligible.
The industrialist leads a very low profile lifestyle and has consciously chosen to avoid all the trappings of luxury. Tata resides in a simple house in his home town of Mumbai and drives around in a Tata Sedan, a car any upper middle class Indian can easily afford. The entrepreneur usually doesn’t attend any parties and prefers to spend much of his spare time at his home listening to music. Ratan showed a strong sense of corporate social responsibility while leading the Tata Group and significant portions of the conglomerate’s profits were utilized for the betterment of the underprivileged section of society in India.
Ratan Tata is the adopted grandson of Jamsetji Tata, the founder of Tata Group who's is renowned as father of Indian industry. As a child he had a pretty unhappy childhood due to his parent’s separation at a very early stage of his life. Ratan was raised by his grandmother after his parent’s divorced. He is a very reclusive person in his personal life and mostly prefers solitude. Tata never married even though he contemplated matrimony quite a few times in his youth.