Ratan Tata, chairman emeritus of Tata Sons, one of India’s largest conglomerates, has passed away at the age of 86.
“It is with a profound sense of loss that we bid farewell to Mr Ratan Naval Tata, a truly remarkable leader whose immense contributions have shaped not only the Tata Group but also the very fabric of our nation,” said N Chandrasekaran, Chairman of Tata Sons, in a late-night statement.
Here’s a timeline highlighting key moments in his personal life, and career:
December 28, 1937: Born in Mumbai (then Bombay) to Naval and Sooni Tata. Naval Tata had been adopted by Ratanji Tata, the son of Jamsetji Tata, founder of the Tata Group
1955: Completes schooling from the Cathedral and John Connon School in Mumbai, followed by Bishop Cotton School in Shimla
1962: Graduates with a degree in architecture from Cornell University, Ithaca, New York
1962: Joins the Tata group as an assistant in Tata Industries; spends six months training at the Jamshedpur plant of Tata Engineering and Locomotive Company, or Telco (now called Tata Motors)
1963: Joins Tata Iron and Steel Company, or Tisco (now called Tata Steel) at its Jamshedpur facility
1969: Works as Tata Group’s resident representative in Australia
1970: Returns to India to briefly join Tata Consultancy Services (TCS), which had been launched as Tata Computer Systems in 1968
1971: Is named director-in-charge of the struggling National Radio and Electronics (Nelco)
1974: Joins the board of Tata Sons as a director
1975: Completes the Advanced Management Program at Harvard Business School
1981: Is appointed chairman of Tata Industries. Two years later, drafts the Tata strategic plan; transforms the company into a strategic think tank and promoter of high-technology ventures
1986-1989: Serves as chairman of national carrier Air India
March 25, 1991: Takes over from JRD Tata as chairman of Tata Sons and Tata Trusts
2000: Enters the new millennium by acquiring British brand Tetley
2000: Receives the Padma Bhushan, India’s-third highest civilian honour
2004: TCS gets listed
2005: Tata Chemicals acquires British company Brunner Mond
2007: Acquires European steel giant Corus
2008: Acquires Jaguar Land Rover
2008: Launches the Tata Nano, India’s most affordable car
2008: Is awarded the Padma Vibhushan, the country’s second-highest civilian honour
December 2012: Steps down as chairman of Tata Sons after five decades with the Tata group, making way for Cyrus Mistry; is appointed Chairman Emeritus of Tata Sons
2013: Goes to Supreme Court on Niira Radia tape leak incident; argues that people’s right to privacy has to be protected; says tapped conversations were leaked to the media because of corporate rivalry
2016: Mistry is removed as chairman after a legal battle; in March 2021, the Supreme Court rules in favour of Ratan Tata and Tata Sons, says there was no case of oppression and mismanagement against Cyrus Mistry at Tata Sons
October 2016-February 2017: Serves as interim chairman of Tata Group
2017 onwards: Continue investing in startups
[Source: Company and news sources]
First Published: Oct 10 2024 | 12:17 AM IST