Ratan Tata was an influential figure in India’s business landscape known for transforming the Tata Group into a global conglomerate.
His leadership was marked by strategic expansions and initiatives that shaped industries like automotive, steel, and information technology.
Highlights
- Ratan Tata was an Indian Industrialist and Philanthropist who served as Chairman of Tata Group and Tata Sons.
- The total net worth of Ratan Tata was about $3800 crore at the time of his demise.
- Ratan passed away on October 9, 2024, at 86, following severe health complications.
Ratan was chairman of Tata Group and Tata Sons from 1991 to 2012, then interim chairman from October 2015 to 2017.
In 1962, he joined his family business, Tata Group, and worked on the shop floor of Tata Steel.
Moreover, Tata invested in over 30 start-ups, mainly in personal capacities and partly through his investment company.
The influential industrialist was awarded the Padma Bhushan, the third-highest honor in India, in 2000 and the Padma Vibhushan, the second-highest civilian honor in India, in 2008.
Ratan Tata’s Accumulated Wealth Is About 3800 Crore INR At The Time Of His Demise
Ratan Tata is one of the most influential industrialists. His contribution to the Indian economic and industry sector is incredible.
According to the IIFL Wealth Hurun India Rich List of 2022, Rata ranked 421 and has an estimated net worth of $3,800 crore.
Similarly, in 2010, Forbes’ list of influential people earning Ratan Tata’s net worth was $291 Million, which has now increased to around $456 million.
Revenue of the Tata Group when Ratan Tata took over: $5.7 billion. Revenue of the Tata Group when Ratan Tata retired: $101.3 billion.
The difference between the great and the ordinary is simply this: that the great think they are ordinary and the ordinary think they are great. pic.twitter.com/59V0mMOqhm
— Anand Ranganathan (@ARanganathan72) October 9, 2024
Industrialists’ wealth and income primarily came from holdings in Tata groups. Under Tata’s leadership, the company had about 100 subsidiaries and thousands of employees.
Furthermore, The Tata Group’s profit surged 51 times to over 33,500 crore.
Similarly, in 2004, under Ratan’s leadership, Tata Consultancy Services recorded a $1.2 billion IPO, India’s largest and Asia’s second-largest record.
In addition, Tata Motors also acquired British luxury auto brands, such as Jaguar and Land Rover, from Ford Motor Co in 2008 for $2.3 billion.
Ratan Tata’s Major Percentage of Wealth Was Dedicated to Philanthropy
Despite leading the Tata Group, one of India’s largest conglomerates, Tata’s wealth was not in the billionaire range due to his philanthropic endeavors and the unique ownership structure of Tata Group.
Ratan Tata directed 65% of Tata Group’s profits towards charitable trusts, emphasizing social impact.
Mr. RATAN NAVAL TATA had been a beacon of integrity, vision, and philanthrophy.. his contributions to India’s industrial and social landscape will inspire generations.. May his legacy of compassion and innovation continue to live on forever.. Om Shanthi..!! pic.twitter.com/xlH8b8m59h
— Shekar Varma (@shekar_varma) October 10, 2024
Similarly, he donated $50 million to Harvard Business School for an executive center for education and institutional development.
Moreover, Tata’s philanthropic efforts, which extended to various sectors, including healthcare, education, and rural development, exceeded hundreds of millions.
The millionaire passed away on October 9, 2024, at 86, following age-related health complications.
Additional Information
- Ratan Tata never married. In interviews, he revealed that he came close to marriage four times but backed off each time.
- Ratan’s father, Naval Tata, was the adopted son of Sir Ratanji Tata. His mother was Sooni Tata, the niece of Tata group founder Jamsetji Tata.
- Tata has two siblings: his brother, Jimmy Tata, and half-brother, Noel Tata.
