Ratan Naval Tata was born in Surat, India on December 28, 1937. His parents were Naval and Sonoo Tata. Naval Tata’s father was Jamsetji Tata, the founder of the Tata Group of Companies. Ratan went to school at the Campion School and Cathedral and John Connon School in Mumbai.
Immigration to the United States
Tata entered the United States and attended Cornell University. He graduated with a degree in agriculture in 1962. He shortly began his first job after graduation with Tata Steel.
Professional Background & Achievements
When he first began his position at the company, he began with shoveling stones along with other manual duties. His experience with hard work and blue-collar workers provided him with a better understanding of the family business.
In 1991, Ratan became the Chairman of Tata Group. He eventually gained international recognition and prestige for the company. A number of innovative ideas and implementations created major financial success for the company. Once the Tata Group made its way to the New York Stock Exchange, the corporation became a global brand.
Eventually, Tata Group made a number of acquisitions of companies such as Tetley, Jaguar Land Rover, and Corus. In the 21 years that he ran the company, revenues grew more than 40 times, and the company’s profit margin grew over 50 times.
Contribution to the U.S. Economy
Ratan decided to retire on his 75th birthday, and resigned his post of Chairman of Tata Group. He turned the keys over to Cyrus Mistry, who was the managing director of Shapoorji Pallonji Group.