Ratan Tata, Chairman Emeritus of Tata Sons, passed away on Wednesday at Breach Candy Hospital in Mumbai at the age of 86.
Tata served as Chairman of Tata Sons, the holding company of the Tata Group, from 1991 until his retirement in 2012. Meet Pakistani-Born Co-founder, Who Is Father Of Indian IT Industry, Built $100 Billion IT Giant As Company's First CEO, Now Valued At Rs 137,800,000,000,000 Ratan Tata , one of India’s most respected and beloved industrialists, led the Tata Group to unprecedented heights and made significant contributions across various sectors, including philanthropy.
Tata served as Chairman of Tata Sons, the holding company of the Tata Group, from 1991 until his retirement in 2012. Following his retirement, he was named Chairman Emeritus of Tata Sons. In recognition of his remarkable contributions to the nation, he was awarded the Padma Vibhushan, India's second-highest civilian honor, in 2008.
While Tata is respected for his vision and impeccable business acumen, there was a time when Ford Motor Chairman humiliated him for failed car business. Tata Motors, known as Tata Engineering and Locomotive Co in 1990s, launched its first car Tata Indica in India. However, the car business did not thrive as the company faced significant losses. Thus, the company decided to sell its passenger car division.
Ratan Tata then decided to abort the deal and focus on improving the Indica model. His hard work changed the company's fortune and Tata Indica's improved version became an instant hit and remains popular even today. Almost a decade later in 2008, Ford Motor was facing financial troubles amid the global financial crisis. The car manufacturer decided to sell its two brands - Jaguar and Land Rover , which were underperforming.
This completed Ratan Tata's unsaid revenge. Tata then worked on the two brands and revived the Jaguar and Land Rover by investing in innovation and design.
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वो हमेशा बड़े सपने देखने और उन्हें पूरा करने के लिए याद किए जाएंगे...रतन टाटा के निधन पर पीएम मोदी ने किया भावुक पोस्टRatan Tata Passes Away: Ratan Tata के निधन पर Gautam Adani ने ट्वीट कर कही ये बात
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