All posts tagged: tata sons

The biggest lesson for Tata today: The institution is bigger than individuals

The biggest lesson for Tata today: The institution is bigger than individuals

Many are sad that Tata is facing internal conflict. As retired directors, who together served Tata for many decades, we feel enormous pain and also that the dispute is existential. Differences are common, but leaders can rely on proven methods to resolve disputes. The Mahabharata and Ramayana, among others, suggest the method: One, apply rajdharma; two, seek compromise before conflict; three, protect both the institution and the weak; and four, use wise advisors. Tata’s enterprise and philanthropy institutions must align to avoid losing the plot. Together, they are collaborators; individually, they become competitors. American investor Ray Dalio’s formula for nations applies equally to companies: Educate your people, earn more than you spend, and avoid internal and external fights. The late Ratan Tata transformed a tradition-bound Tata into a growth-oriented, entrepreneurial organisation. Based on what they read, however, the modern commentariat makes its own sombre prognostications. Globally, the corporate world is seeing early signs of shared power rather than a single all-powerful CEO (See Pilita Clark, ‘Why co-CEOs might suit our tumultuous times,’ Financial Times, May …

Ratan Tata had doubts about Cyrus Mistry’s leadership, reveals new book | Latest News India

Ratan Tata had doubts about Cyrus Mistry’s leadership, reveals new book | Latest News India

Ratan Tata began to question Cyrus Mistry’s suitability as chairman-designate of Tata Sons by the end of Mistry’s first year as his apprentice, according to a recently published biography, ‘Ratan Tata: A Life’ by Thomas Mathew. The book reveals that Tata felt he suffered more from the decision to dismiss Mistry as Chairman in October 2016 than Mistry himself did. Ratan Tata (R) began having second thoughts about Cyrus Mistry even before the latter formally taking over the position.(Kalpak Pathak/HT File Photo) The book claims that Ratan Tata began having second thoughts about Mistry even before the latter formally taking over the position fully. Mistry was appointed in 2011 following a global search by a selection committee, with Tata’s full endorsement, despite some concerns from seasoned members of the group. For a year, Mistry held the title of “Chairman designate” before officially assuming the role after Tata’s retirement in December 2012. When approving Mistry’s selection, Tata made two key stipulations. He insisted that Cyrus Mistry, then managing director of Shapoorji Pallonji Group, sever all ties …

‘France lost a dear friend from India’: French President Macron condoles Ratan Tata’s death | India News

‘France lost a dear friend from India’: French President Macron condoles Ratan Tata’s death | India News

As the last rites of Tata Sons’ Chairman Emeritus Ratan Tata was conducted with full state honours at a Mumbai crematorium, French President Emmanuel Macron condoled the demise of business mogul and said that “France lost a dear friend from India”. Ratan Tata, who was 86 years old, passed away after a prolonged illness on late Wednesday night at Mumbai’s Breach Candy hospital. He was admitted to the hospital a couple of days ago to undergo medical examinations which was said to be a regular age-related check-up. French President Emmanuel Macron condoled the demise of business mogul and said that “France lost a dear friend from India”. (Photo: X/@FranceinIndia) The outpouring of grief to the news of the sad demise of Ratan Tata had started and now, French President Emmanuel Macron has posted his condolence message on social media. “France has lost a dear friend from India. Ratan Tata’s visionary helmsmanship contributed to boosting industries in India and France, in the fields of innovation and manufacturing. Beyond this, his legacy will be marked by his …

Ratan Tata: From a dog lover to one with a focus on kids’ nutrition to a grounded billionaire | Mumbai News

Ratan Tata: From a dog lover to one with a focus on kids’ nutrition to a grounded billionaire | Mumbai News

Goa — a stray dog who became Ratan Tata’s self-admittedly favourite office companion — was among the hundreds and thousands of visitors who paid their last respects to the late industrialist and philanthropist at NCPA, Nariman Point. Tata’s profound love and empathy for dogs is well-documented. He not only advocated for animal welfare but also instructed the staff at Bombay House, the head office of Tata Group, to allow strays to roam freely, making it the only conglomerate’s headquarters to do so. His struggle to find advanced care for one of his injured dogs led to the birth of Small Animal Hospital Mumbai (SAHM) earlier this year. He also utilised Tata Trust platform to focus on the nutrition needs of newly born and the unborn children as he felt “if we can take care of our children, we will take care of future generations”, according to a former senior official at Tata Trust. “He refurbished and strengthened the Anganwadi so that they could cater to to-be-mothers and lactating mothers because he felt the good nutrition …

How Ratan Tata touched our lives  | Pune News

How Ratan Tata touched our lives  | Pune News

The heavens must be rejoicing, opening their arms to this great soul — Ratan Tata, while we mourn the loss of a human who touched millions of lives with his kindness. I’d heard several stories of the ‘Tata Spirit’, of how they helped the sick, the poor, the unfortunate. Of their humility and humaneness. But I experienced it in 2022 when our lives had changed forever. On December 18, 2014, my 22-year-old son met with a motorbike accident. He was a bright kid who wanted to do his Masters in Economics and later Finance Management. Life was chugging along the path I had expected till his friend, who was learning to ride a motorbike, asked him to sit pillion. He told her to ride the bike in the building compound but after a round, she zipped out and at a high speed rammed the bike into the road divider. Siddhaant was flung from the seat to the other side of the road. After coma, four months of hospital, my son returned home but with disabilities …

Piyush Goyal breaks down remembering Ratan Tata, says ‘140 crore Indians love him’

Piyush Goyal breaks down remembering Ratan Tata, says ‘140 crore Indians love him’

Image Source : X/ @PIYUSHGOYAL Union Minister Piyush Goyal with Ratan Tata As the nation mourns the demise of the noted industrialist and chairman emeritus of Tata Sons, Ratan Tata, Union Minister of Commerce and Industry, Piyush Goyal, on Thursday (October 10), too became emotional remembering him. Speaking to the media about the passing of the iconic industrialist and ‘spirited philanthropist,’ Goyal shared a heartwarming moment from one of their past meetings. Goyal recalled how they once invited Ratan Tata over for breakfast. He recounted the smallest gesture by Tata that left a lasting impression. “We had only served a simple meal of Idli, Sambhar, and Dosa… but he was so appreciative.” “I mean, he must have the world’s best cooks. But he was so appreciative of that simple breakfast. He was so kind to all of us in the family. He was so kind to the server who was serving the breakfast,” Goyal added. Significantly, Goyal shared another thoughtful gesture made by Ratan Tata, which won over everyone’s hearts. “At the end of a …

When Narayan Murthy touched Ratan Tata’s feet in a signifying gesture

When Narayan Murthy touched Ratan Tata’s feet in a signifying gesture

Image Source : FILE IMAGE Infosys co-founder Narayana Murthy touches Ratan Tata’s feet on stage Remember that iconic image from a business corporate summit in January 2020 that strongly reflected admiration for Ratan Tata, not only from the masses but also from one of the strongest and most notable figures in the Indian business industry? Yes, you got it right! We are talking about the image from a business event in January 2020, where another esteemed industrialist and Infosys founder, Narayan Murthy, touched Ratan Tata’s feet in a symbolic gesture towards his ‘great friend’. Then, speaking of the admiration he holds for the Chairman Emeritus of Tata Sons while also presenting him with a lifetime achievement award by TiEcon, Narayan Murthy mentioned that his dear friend had received innumerable honours for his five decades of dedicated service to the Indian industry and nation-building. “He (Ratan Tata) has received several honours from countries and institutions all over the world. They were honoured themselves, like TiE has honoured itself today by honouring him,” Narayan Murthy had said. …

From Top Industrialists And Politicians To Movie Stars: List Of People Attending Last Rites For Ratan Tata

From Top Industrialists And Politicians To Movie Stars: List Of People Attending Last Rites For Ratan Tata

Last Updated: October 10, 2024, 10:01 IST Ratan Tata will be remembered as a national icon. (PTI Photo) Ratan Tata, former chairman of Tata Group, has passed away at 86. A visionary leader, he transformed India’s industry and made significant global deals As the world reflects on the loss of industrialist Ratan Tata, the last rites of the former chairman of Tata Group will be held at Mumbai’s Worli crematorium on Thursday, with full state honours. The ceremony will take place a day after the revered industrialist died at 86. “It is with a profound sense of loss that we bid farewell to Mr Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation,” said the statement issued Wednesday. Here is the list of people attending Ratan Tata’s last rites: Industrial Leaders Mukesh Ambani & Anant Ambani (Reliance Industries) N. R. Narayana Murthy (Infosys) Kumar Mangalam Birla (Aditya Birla Group) Shashikant Das (RBI Governor) Kishore Damani ⁠Vedanta Group ⁠Jindal Group …

Ratan Tata, Global Business Icon Who Led Tatas To Over 100 Countries, Dies At 86

Ratan Tata, Global Business Icon Who Led Tatas To Over 100 Countries, Dies At 86

Ratan Tata, the businessman who inherited one of India’s oldest conglomerates and transformed it through a string of eye-catching deals into a global empire, has died. He was 86. His death was announced in a statement by Tata Group Chairman Natarajan Chandrasekaran, who called Tata “a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation.” As chairman for more than two decades beginning in 1991, Tata rapidly expanded the 156-year-old business house. It now has operations in more than 100 countries and clocked $165 billion in revenue for the year ended March 2024. Through more than two dozen listed firms, the conglomerate makes products ranging from coffee and cars to salt and software, runs airlines and introduced India’s first superapp. It has also partnered with Taiwan’s Powerchip Semiconductor Manufacturing Corp. for a $11 billion chip fabrication plant in India and is said to be planning an iPhone assembly plant. Under Tata’s stewardship, the conglomerate embarked on an expansion drive that turned the tables …

PM Modi mourns Ratan Tata’s death, calls him an ‘extraordinary human being’ | India News

PM Modi mourns Ratan Tata’s death, calls him an ‘extraordinary human being’ | India News

Prime Minister Narendra Modi has expressed deep sorrow over the death of veteran industrialist Ratan Tata, who passed away at the age of 86 in Mumbai’s Breach Candy hospital late on Wednesday night. In his message of condolence, PM Modi described Tata as a “visionary business leader, a compassionate soul, and an extraordinary human being.” “Shri Ratan Tata Ji provided stable leadership to one of India’s oldest and most prestigious business houses,” PM Modi said, adding that Tata’s influence extended far beyond the corporate world. “He endeared himself to several people thanks to his humility, kindness, and an unwavering commitment to making our society better.” Shri Ratan Tata Ji was a visionary business leader, a compassionate soul and an extraordinary human being. He provided stable leadership to one of India’s oldest and most prestigious business houses. At the same time, his contribution went far beyond the boardroom. He endeared… pic.twitter.com/p5NPcpBbBD — Narendra Modi (@narendramodi) October 9, 2024 Tata Sons Chairman N Chandrasekaran confirmed the news, calling Tata his “friend, mentor, and guide.” Tata, the chairman …