Ratan Tata is regarded as the doyen of the new era of business enterprises in the Indian mainland. The 21st century has at last, it is said, a true patron by whom the Indians can dream of a world contest by virtue of intelligence, entrepreneurship and perseverance. The success of Ratan through the conquest over Chorus has elevated that urge and brought to the fore in the history of India the fervor and flavor of that victory.
Having taken birth in a family that has earned its fame in the history of indigenous entrepreneurship, whose ample evidences are scattered through the length and breadth of India he has done justice to his legacy, which has been proved eloquently in the later years. He is not only the Chairman of the Tata Group, the largest conglomerate established by his predecessors but, it is known, that it is he who has reshaped it, framed it towards a new orientation and above all ushered the growth of a new belief of global conquest.
He is the man who was instrumental in the setting up of the Tata Foundation, the progenitor of multitude of social causes that include the rural, universal health development, eradication of water scarcity and others. When in 1971 he was appointed as the Director-in-Charge of The National Radio & Electronics Company Limited (Nelco), a company that was in dire financial difficulty, no one perhaps his best wisher even thought of its success. But Ratan realizing the potential that Nelco provided with an innate prudence that hi-tech was the way to go in the future he lost no time but convinced J.R.D. Tata for further investment. Though J.R.D. was reluctant initially but the successes of Nelco proved the credence and aplomb of Ratan.
This mindset of adopting risks towards the escalation of business gained a new stronghold when in 1991 the legendary J.R.D. Tata was replaced by Ratan epitomizing not only the change of the old guard but also a definite alteration of the shibboleth self-content of the erstwhile generations. This approach was best revealed when on January 31st, 2007 the Tata Group headed by Ratan Tata pulled off one of the biggest acquisitions in Indian corporate history. The Corus Group, an Anglo-Dutch steel and aluminum conglomerate was taken over by the Tata Sons against an astounding £6.7 billion at the rate of 608 pence per share against a Brazilian steel company that had bid 603 pence. The mereger at onnce made Ratan tata an imortal figure in the hisory of Indian corporate business culture. In addition, with the presentation of the newest Tata four-wheeler model Tata Eligante at Geneva on March 6,2007 proved the elegance of the ledership of Ratan Tata.
|
