BY Divakar Kumar Panday
Ratan Tata, one of the biggest Indian business magnates and chairman of the $100 billion Tata group, is a big inspiration for me. He is a great business leader who has not only inspired me to become an enterpreneur but thousands of others as well. In this blog I will share how he inspired me. But, first let me list the highlights of his career.
Ratan Tata studied at Cornell and Harvard universities and started his career by working in the textile divisions of the Tata group. After learning the ropes of the business and showing his potential as a leader, he was given the responsibility of managing the overseas operations of the computer and hotel businesses. It was here that his talent got noticed. In 1991, JRD Tata chose him as his successor despite strong opposition by the senior executives in the company. From 1991 to 2012, Ratan Tata grew the Tata group from Rs. 10,000 cr to Rs. 130,000 cr, added 3 more companies and acquired reputed foreign companies. Tata Steel acquired European steel major, Corus, which was a bigger company than itself.
Tata motors acquired Jaguar Land Rover which is a reputed British company which makes luxury cars. Also, Ratan Tata is responsible for making the cheapest car in the world at $2500, a feat that none of the established companies have been able to accomplish even till now. Ratan Tata was a magical leader for the company. He integrated the loosely tied and diversified companies together.
His contribution to the world leaves me both amazed and awed. Firstly, I am amazed by how charismatic he is. He worked actively till the age of 75 years before retiring from active service. Even after retiring, he helps the company with his valuable inputs. There are hardly any people his age who are as active as him. Second, I am a big fan of his philanthropic efforts. Even though he was a very ruthless businessman, he never forgets to give back to the society. Two-thirds of the Tata group is owned by philanthropic groups. After retirement, he plans to work a lot more for charity. Thirdly, I would like to acquire business acumen as good as him. He paid a lot of emphasis on innovation and this helped him grow the business. His cheapest car in the world project was a revolutionary project. Even though the car hasn’t become an instant success, it will surely live up to expectations. It is commendable how despite being a relatively new automobile company, Tata motors was able to achieve what established companies have not been able to accomplish even till now. Another thing that he paid a lot of emphasis on was fore sightedness and showed how to run a successful enterprise.
In short, I learnt a lot from him and hope that you have learnt some tips about entrepreneurship after reading his blog. I highly recommend reading his biography to learn more about this charismatic business leader and also to get tips on how to be better entrepreneurs.
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