Ratan Tata, in full Ratan Naval Tata

(born Dec. 28, 1937, Bombay [now Mumbai], India), Indian

businessman who became chairman (1991 ) of the Tata Group, a Mumbai-based conglomerate. A member of a prominent family of Indian industrialists and philanthropists (see Tata family), he was educated at Cornell University, Ithaca, N.Y., where he earned a B.S. (1962) in architecture before returning to work in India. He gained experience in a number of Tata Group businesses and was named director in charge (1971) of one of them, the National Radio and Electronics Co. He became chairman of Tata Industries a decade later and in 1991 succeeded his uncle, J.R.D. Tata, as chairman of the Tata Group. Upon assuming leadership of the conglomerate, Tata aggressively sought to expand it, and increasingly he focused on globalizing its businesses. In 2000 the group acquired London-based Tetley Tea for $431.3 million, and in 2004 it purchased the truck-manufacturing operations of South Koreas Daewoo Motors for $102 million. In 2007 Tata Steel completed the biggest corporate takeover by an Indian company when it acquired the giant Anglo-Dutch steel manufacturer Corus Group for $11.3 billion. In 2008 Tata oversaw Tata Motors purchase of the elite British car brands Jaguar and Land Rover from the Ford Motor Company. The $2.3 billion deal marked the largest-ever acquisition by an Indian automotive firm. The following year the company launched the Tata Nano, a tiny rear-engined, pod-shaped vehicle with a starting price of approximately 100,000 Indian rupees, or about $2,000. Although only slightly more than 10 feet (3 metres) long and about 5 feet (1.5 metres) wide, the highly touted Peoples Car could seat up to five adults and, in Tatas words, would provide a safe, affordable, all-weather form of transport to millions of middle- and lower-income consumers both in India and abroad. Among many other honours accorded him during his career, Tata received the Padma Bhushan, one of Indias most distinguished civilian awards, in 2000. Sherman Hollar

Slide 1: A BUSINESS LEGEND- RATAN TATA PRESENTED BY: ATIF FARHAN DEEPTI CHAUHAN JUHI SINGH PALAK SHARMA SMARIKA DALAL SOMYA DIXIT Slide 2: CONTENTS Introduction Characteristics Roles and tactics Powers Social responsibilities Awards and recognitions Criticism Slide 3: A BUSINESS LEGEND Slide 4: Ratan Tata is the chairman of the Tata Group, India's largest corporation. He is the latest in a long line of Tatas to head the family-owned company. Born into an old Parsi family of Bombay,

in December 28th 1937. He received a Bachelors degree in architecture from Americas Cornell University in 1962. He returned to India and joined the Tata Group. Slide 5: Tata is single and leads a modest lifestyle in his bachelor apartment. The US-educated bachelor lives alone with his two German Shepherds in an apartment in Mumbai. He is known to be a supporter of the traditional Parsi way of life. He has a passion for home cooked food and is known to indulge deeply in art collection. A trained pilot who still takes to the skies on his own aircraft has picked up a number of awards. He is known to slip into the front seat alongside his driver to and from work. Slide 6: Tata Chemicals Tata Power Tata international Tata Steel Tata Tea Tata Motors Tata Consultancy Services Rallis Indian Hotels Tata Finance Tata InfoTech Voltas Tata Interactive Systems Titan Tata Share Registry Tata Fin AMEX Tata Home Finance Tata Technologies Tata Refractories TAYO Rolls Tata Coffee Telcon Tata Services Tata SSL TRF Trent TACO TQMS TSMG Tata Industries TAL Automation NELCO Tata Tele Services Tata Auto plastics Tata Johnson Controls Tata Interactive Systems TCE Consulting Engrs. Tata Investment Corpn TECS TFS Slide 7: The Tata Group consists of nearly 100 companies. Tata group is a multinational conglomerate and one of the largest private companies in India. Today, it has a strength of 350,000 employees all over the world and an estimated annual turnover of $62 billion USD. Tatas contribution to Indias GDP is nearly 5.5% and 60% of its revenue comes from foreign countries. Tata group was always known for its business ethics and corporate governance. The Tata Group has spread its operations across six continents and more than 80 countries. Slide 8: GUIDING PRINCIPELS OF TATAS Slide 9: VERY DIGNIFIED ETHICAL DEPENDABLE BELIEVES IN KEEPING PROMISES LOYAL AND BELIEVES IN RELATIONSHIPS QUESTIONING THE UNQUESTIONABLE RISKTAKER NOT A SPECULATOR EXEMPALARY LEADERSHIP QUALITIES AND A TREMENDOUS MOTIVATOR PERSONALITY.. What makes him RATAN TATA- the LEADER??? : What makes him RATAN TATA- the LEADER??? Slide 11: One hundred years from now, I expect the Tatas to be much bigger than it is now. More importantly, I hope the Group comes to be regarded as being the best in India.. best in the manner in which we operate, best in the products we deliver, and best in our value systems and ethics. Having said that, I hope that a hundred years from now we will spread our wings far beyond India. Visionary Slide 12: Strategist "He is a deep thinker and extremely strategic. He is always 2-3 steps ahead"- Alan Rosling ED, Tata sons Slide 13: "Ratan was the chief architect of the Corus deal. I was worried about the magnitude and the amount of money. But he instilled confidence." says Muthuraman. Initiator Change champion Slide 14: If you put a gun to my head, you had better take the gun away or pull the trigger, because I'm not moving. "While he doesn't look it, he's one of the toughest people I've ever known." says Muthuraman Risk taker Slide 15: "When you come to him for a critical decision, he will give you a very quick answer, his responses would be crisp, leaving no room for doubt.His involvement in cross-border deals

could be quite significant. And thats precisely what gives the CEOs the confidence to move ahead without doubts." says Rosling. Expertise "He has a tremendous technological brain," says Tata Steel Managing Director B. Muthuraman Slide 16: "Tata has shown that there is no other way he will do business other than do it ethically," says Gopalakrishnan. A man of integrity Leadership managerialroles : Leadership managerialroles Figure head Entrepreneur Resource allocator role Disturbance handler Influence Tactics : Influence Tactics Consultation Rational persuasion Exchange tactics Ratan Tatas Leadership style : Ratan Tatas Leadership style Slide 20: start good no repetitive strong weak 3 4 task relationship Fiedler model Slide 21: 1,9 9,9 RATAN TATA 5,5 1,1 9,1 LEADERSHIP GRID HIGH LOW 1 LOW 9 HIGH CONCERN FOR PEOPLE CONCERN FOR PRODUCTION Slide 22: M JOB CENTERE........................EMPLOYEE CENTERED LEADERSHIP STYLE LEADERSHIP STYLE MICHIGAN LEADERSHIP MODEL The Tata Business Excellence Model : The Tata Business Excellence Model The true objective of setting these criteria, was never meant to be merely to use them as an assessment for an award, but more importantly, to utilize them for an institutionalized approach to drive performance and attain higher levels of efficiency in everything that a corporate entity does. Mr. Ratan N. Tata and what it is about... : and what it is about... A set of statements & questions That asks us to describe the way we conduct our business And provides us with insights on how we can improve What we do, and How we do it It makes us ensure that we have clear objectives both short & long term That these objectives are understood & shared by all of us. That we have a roadmap to achieve our objectives And that we implement, monitor, review & improve as we move forward. WHY HAVE A BUSINESS EXCELLENCE MODEL? : WHY HAVE A BUSINESS EXCELLENCE MODEL? WHETHER MANDATED BY BE-BP OR OTHERWISE Need to Accelerate the Rate of Change : 26 Need to Accelerate the Rate of Change We Need Radical Changes Breakthrough improvements Need for Change : 27 Need for Change Businesses that dont change to adapt to the worlds pressures dont survive. The worlds pressure sources are both changing and conflicting. Businesses must move to a continuous change mindset. Leaders must move to a change is an opportunity mindset. Pressure Source Direction of Pressure Customers More value Owners More return Competitors More market share Regulators More conformity Employees More involvement Slide 28: 28 Quest for the Best : Evolution Types of Powers :

Types of Powers POSITION POWER: Legitimate Power Informative Power PERSONAL POWER: Referent power expert power Social responsibility : Social responsibility Community initiatives Environment The Tata Trusts Institutions Sports and arts Awards and Recognition : Awards and Recognition Padma Bhushan on 26 January 2000 Padma Vibhushan . On 26 January 2008 NASSCOM Global Leadership on February 14 2008 in Mumbai Carnegie Medal of Philanthropy in 2007 Robert S. Hatfield Fellow in Economic Education In March 2006 London School of Economics and Indian Institute of Technology Kharagpur. the Government of Singapore conferred honorary citizenship on Ratan Tata, the title of honorary economic advisor to Hangzhou city in the Zhejiang province of China. Fortune magazine in November 2007 ,listed him among the 25 most powerfull business man Time magazine's 2008, listed him the World's 100 most influential people Slide 32: Successor Criticisms Environmental Criticisms Unethical partners: the Dow chemical controversy CRITICISMS.. Slide 33: One hundred years from now, I expect Tatas to be much bigger, of course, than it is now. More importantly, I hope the group comes to be regarded as being the best in India. Best in the Manner in which we operate ,Best in the products we deliver, and best in our value system and ethics. Having said that ,I hope that a hundred years from now we will Spread our wings far beyond India, that we become a global group, operating in many Countries, as Indian business conglomerate that is at home in the world, carrying the Same set of trust as we do today Bibliographywikipediawww.google.co.inwww.livinglegends.comwww.tata.com : Bibliographywikipediawww.google.co.inwww.livinglegends.comwww.tata.

The search for a successor to Ratan Tatagathered momentum after Indias biggest conglomerate said a five-member panel would select its next chairman. Mr Tata, 72, head of the $70-billion saltto-software group, who has built the worlds cheapest car and taken the group global, will step down in December 2012, creating a vacancy for what is widely regarded as the top job in corporate India. The statement from Tata Sons, the groups holding company, said the five-member panel included one external member. It did not name the members. Two of the five members represent two trusts that are the major shareholders of Tata Sons while two are directors of Tata Sons, according to people close to the development. The two trusts, named after Ratan Tata and Dorabjee Tata, are major shareholders of Tata Sons. Tata Sons owns the majority of TCS, Indias biggest software maker, and has large holdings in companies such as Tata Steel and Tata Power. Tata group veteran NA Soonawalla, who is a member of the Ratan Tata and Dorabji trusts, is part of the panel, said the people close to the development. RK Krishnakumar, vice-chairman of Tata Tea and Indian Hotels, and a director of Tata Sons, is representing the group holding company. There is speculation that Keki Dadiseth, former director of Unilever, could be on the panel. Other directors such as Arun Gandhi, R Gopalakrishnan and Ishaat Hussain are not part of the panel, said a top Tata group executive. Mr Tata would act as a mentor of the panel, the people said. There is no clarity on the identity of the external consultant. The name of a prominent managementguru is doing the rounds.

The successor would be chosen based on his ability to grapple with the complexities of globalised environment, according to the Tata Sons statement. It would certainly be easier if that candidate were an Indian national. But now that 65% of our revenues come from overseas, it could also be an expatriate sitting in that position with justification now, Mr Tata had said in an interview with the Wall Street Journal. There has been speculation about the chances of Arun Sarin, the former boss of Vodafone PLC, and Indra Nooyi, the current CEO of Pepsi. You might want an Indian who has worked outside India. This is a great international business, says Nigel Nicholson, professor, department of organisational behaviour, London Business School. At the helm since 1991, Mr Tata has led a spectacular foray overseas, resulting in 65% of the groups revenues coming from abroad. In 2007, Tata Steel paid $13 billion to buy Anglo-Dutch steelmaker Corus while Tata Motors paid $2.3 billion to acquire Jaguar-Land Rover the next year. In all the Tata group's 98 operating companies have annual revenues of $71 billion and 357,000 employees
Ratan Naval Tata was born on December 28, 1937, in Surat. He is the present Chairman of the Tata Group, India`s largest conglomerate founded by Jamshedji Tata and consolidated and expanded by later generations of his family. Tata was born into the wealthy and famous Tata family of Mumbai. He was born to Soonoo and Naval Hormusji Tata. Ratan is the great grandson of Tata group founder Jamshedji Tata. Ratan`s childhood was troubled, his parents separating in the mid-1940s, when he was about seven and his younger brother Jimmy was five. He was schooled at the Campion School, Mumbai and graduated from Cornell University in 1962 with a degree in Architecture and Structural Engineering. Ratan Tata holds a B.Sc. (Architecture) degree with structural engineering from Cornell University, USA and has completed the Advanced Management Program at Harvard Business School, USA. He joined the Tata Group in December 1962, after turning down a job with IBM on the advice of JRD Tata. He was first sent to Jamshedpur to work at Tata Steel. Ratan Tata, a shy man, rarely features in the society glossies, has lived for years in a book-crammed, dogfilled bachelor flat in Mumbai`s Colaba district. Ratan Tata has his own capital in Tata Sons., the holding company of the group. Though his share is just about 1%, his personal holding is valued at US$ 1 Billion. If all the value of this is added his Net Worth is estimated at around US$ 50 Billion, making Ratan N. Tata one of the richest people in the world. JRD Tata with his successor Ratan Tata in 1971, Ratan was appointed the Director-in-Charge of the National Radio & Electronics Company Limited (Nelco), a company that was in dire financial difficulty. Ratan suggested that the company invest in developing high-technology products, rather than in consumer electronics. In 1991, he took over as group chairman from J.R.D. Tata, pushing out the old guard and ushering in younger managers. Since then, he has been instrumental in reshaping the fortunes of the Tata Group, which today has the largest market capitalization of any business house on the Indian Stock Market. On March 26, 2008, Tata Motors, under Ratan Tata, bought Jaguar & Land Rover from Ford Motor Company. The two iconic British brands, Jaguar and Land Rover, were acquired for $2.3 billion. Ratan Tata`s dream was to manufacture a car costing Rs 100,000. He realized his dream by launching Nano in New Delhi Auto Expo on January 10, 2008.

PROFILES
Name :
Ratan Tata

Gender : Male Date of birth : Dec 28, 1936 City : Mumbai State : Maharashtra Country : India
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.