Zonista leaders series 1 ratan tata

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TOP 10 BUSINESS DEALS OF 2010

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Greatest Business Leaders of India

Series 1 : Ratan Tata


Our Business Leaders Series

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Our Business Leaders series honors the Greatest Business Leaders of the country.. And peaks into their personalities, lifestyles, successes and failures.

The first in the series is Ratan Tata who has not only changed the meaning of Business but also influenced an entire generation with his business acumen and human qualities.

In the next series we would take inspiration from other Business Leaders of the Country


Greatest Business Leaders of India : RATAN TATA

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Greatest Business Leaders of India : RATAN TATA

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Ratan Naval Tata (born December 28, 1937, in Mumbai) is the present Chairman of the Tata Group, India's largest conglomerate established by earlier generations of his family

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About RATAN TATA

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• First child of Naval and Soonoo tata

• Parents divorced in mid 40’s when Ratanwas 7

• Studied in all boy’s campion school in India and graduated from cornell, U.S.A in 1962

• Advanced management program from HBS in 1975

• Back to India on grandmother’s insistence and joined the TATA group

• Appointed chairman of TATA group in 1991

• He’s a bachelor and lives a peaceful ,simple life .


Personality…

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• VERY DIGNIFIED

• ETHICAL

• DEPENDABLE

• BELIEVES IN KEEPING PROMISES

• LOYAL & BELIVES IN RELATIONSHIPS

• QUESTIONING THE UNQUESTIONABLE

• RISKTAKER NOT A SPECULATOR

• EXEMPALARY LEADERSHIP QUALITIES AND

• A TREMENDOUS MOTIVATOR


Motivation…

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• Ratan Tata never married. In Bombay he would date on

and off, was even engaged once but broke it off before the

cards could be printed. Without a family and children what

motivates him?


His Corporate Journey…


Joined in 1962…

• Ratan Tata would probably have stayed on in the United States after training as an architect at Cornell University

• He had an offer from IBM, but the son of Naval Tata and nephew of JRD Tata couldn't be allowed to work outside the group

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Hence in 1962, Ratan joined the family business, working on the Tata Steel shopfloor at Jamshedpur, just one of several thousand employees.


First Assignment

• His first independent assignment -- as director of National Radio and Electronics (Nelco), in 1971. Nelco was in dire straits when Ratancame on board -- losses of 40% and barely 2% share of the consumer electronics market

• Just when he turned it around, the Emergency was declared….Nelco was quickly near collapse again

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Second Assignment

• Ratan's next assignment was just as trouble-stricken

• He was asked to turn around the sick Empress Mills

• He did, but was refused the Rs 50 lakh (Rs 5 million) investment required to make the textile unit competitive

• Empress Mills floundered and was finally closed in 1986 (by which time the infamous Mumbai textile workers' strike had also taken its toll)

• The two 'failures' haunted Ratan for decades. His track record was suspect, he was jinxed, said his baiters

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Journey since 1991…

• When he took over as Tata Group chairman on March 25, 1991, critics were loud and unrestrained in their disapproval and skepticism.

• Ratan Tata was considered to have gained his position purely on the strength of his surname; he was incompetent, raged opponents both within and outside Bombay House, and he didn't possess an iota of the charisma of his uncle and predecessor, JRD Tata.

• Nearly 20 years later, Ratan Tata has achieved almost everything on his 1991 agenda. At Rs 3.46 lakh crore (Rs 3.46 trillion), Tata Group revenue is 40 times the 1991 level, while net profit has gone up four times

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Journey since 1991…

• In 1988, he took over from Sumant Moolgaokar as Telco chairman -- and promptly found himself at the centre of a prolonged labour dispute, perhaps the worst industrial relations slide in Tata history

• Taking over from JRD as group chairman in 1991 didn't resolve matters either

• Individual company heads were larger-than-life personalities in their own right, and had ruled these satraps for decades:

– Russi Mody at Tata Steel

– Darbari Seth at Tata Chemicals

– Ajit Kerkar at Indian Hotels

– Nani Palkhivala at ACC.

• Getting them to toe a group line and work in tandem with other companies was next to impossible

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His Strategies…

• Promoted seven hi-tech businesses under Tata Industries in the eighties: Tata Telecom, Tata Finance, Tata Keltron, Hitech Drilling Services, Tata Honeywell, Tata Elxsi and Plantek

• The thrust was equally on technology-driven leadership, global competitiveness and being among the top three domestically, regardless of the line of business

• When Ratan took over, there were three group companies manufacturing cement; five were involved in pharmaceuticals, while nine companies operated in the IT space. One of his first acts was to sell Tomco; swift exits from pharma and textiles and, later, cement, followed

• Management consultancy McKinsey was brought on board to help with the reorganisation

• Tata also paid attention to brand Tata. By 1998, there was a single group logo and the Tata brand belonged to Tata Sons

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Corporate Spurs

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• Tata Consultancy Services went public and Tata Motors was listed on the New York Stock Exchange

• On January 31st, 2007, Ratan Tata successfully pulled off one of the biggest acquisitions in Indian corporate history

• Corus Group - an Anglo-Dutch steel and aluminum producer, was acquired by Tata Sons for an astounding £6.7 billion at the rate of 608 pence per share against a Brazilian steel company that had bid 603 pence

• Another feather of success got attached with this man when he presented the latest Tata four-wheeler model Tata Elegante at Geneva on March 6, 2007. This model was appreciated by all the global dealers of four-wheelers


Awards & Recognition

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• He is also Chairman of two of the largest private sector promoted philanthropic trusts in India

• Member, Global Business Council on HIV / AIDS and the programme board of the Bill & Melinda Gates Foundation's India AIDS initiative

• The government of India honored Mr Tata with one of its highest civilian awards, the Padma Bhushan, on Republic Day, January 26, 2000

• He has also been conferred an honorary doctorate in business administration by the Ohio State University, an honorary doctorate in technology by the Asian Institute of Technology, Bangkok, and an honorary doctorate in science by the University of Warwick.


What people say about him…

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"Ratan Tata outperformed JRD. He toppled people as strong as Russi Mody, thought out of the box and came up with path-breaking concepts like the Nano," says Bala V Balachandran, faculty member at Kellogg School of Management, and dean of the Great Lakes Institute of Management

Hemendra Kothari, the doyen of investment banking in India who has worked on most Tata Group deals, has watched Tata's working style closely. "He is a very discerning person when it comes to decision-making. And once he has made up his mind, he is prepared to go all out to achieve his objective, be it Corus or Nano,"


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