His biological maternal grandmother had been the sister of Hirabai Tata, wife of group founder Jamshedji Tata. His biological grandfather, Hormusji Tata, had belonged to the broader Tata family; Ratan therefore was a Tata by birth. Parents Naval and Sonoo separated in when Ratan was 10, and he was subsequently raised by the widow of Sir Ratanji Tata, his grandmother, Navajbai Tata , who formally adopted him through the J. Petit Parsi Orphanage. His first language is Gujarati. Tata stepped down as chairman of Tata Sons, naming him his successor.
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His aim has been to raise the quality of life for Indians along with Human Development. Ratan N. Tata has been brought up in an old and well-known business family. He belongs to a prominent Parsi family. He has not faced any such financial issues since his family had been successful businessmen since the British rule in India. He was brought up by his grandmother, Lady Navajbai. Tata is a highly educated businessman. It was in that he joined his family business; the Tata Group.
Tata is 73 years old, unmarried and has been in news regarding several of his relationships. Media has been talking about his strive for finding an appropriate successor. But as soon as Ratan N. National Emergency was declared, which posed great problems such as, weak economy and labour shortage and NELCO was nearing collapse again. After ten years of his entry into the Tata Industries, he was appointed the Chairman of the Tata Group.
Under his direction, the company went through several different entrepreneurial ventures. His major releases have been Indica and Nano in India. After the liberalization of controls in the s, the Tata Group of Companies achieved great success, which again is credited to Ratan N. Ratan Tata has the following honorary distinctions as well: Legend in Leadership Award from the Yale. Carnegie Medal of Philanthropy, on behalf of the Tata Family. Tata has been also honored by the Government of India with the second highest civilian award, The Padma Vibhooshan, in The company has over 90 operating companies in seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals.
The group operates in over 80 countries. The Tata Group has over , employees working worldwide. Complexity in raising funds before the acquisition was another problem for the Tatas. Tata had negative working capital and it was facing a problem in cash liquidity. Due to the Global financial crisis, the Indian automobile sector was highly affected: the GDP growth declined and inflation took place due to which the prices of the fuels and automobiles products increased and hence Tata Motors, the leading automobile company of India suffered the most.
Ratan Naval Tata