Description
we explore the life of Ratan Tata, one of India’s most iconic industrialists, philanthropists, and social media sensations. We delve into his remarkable journey, one woven with threads of resilience, innovation, and a deep-seated desire to make a positive impact.
Success Story
Friends say that there are only two such companies in our country which will be with us from birth till death. One is Bata and the other is Tata. The same Tata in whose vehicles we travel. By wearing whose clothes we make ourselves feel branded. Without whose salt food cannot go down our throat and whose tea starts our day. And if anyone has made the biggest contribution in taking this Tata company to the heights of heights, then it is Ratan Tata ji. Who does not need any identity today. A person who always thought about his country and its people before himself.
For whom values and commitments are more important than money and whose entire life has been full of dreams, challenges and success. He is not only a successful businessman but also an amazing leader, the biggest philanthropist and a ray of hope for millions of people. Now you must remember that day of 26/11 incident when terrorists had killed many innocent people in the Taj Palace Hotel in Mumbai. At that time Ratan Tata ji used to be the chairman of Indian Hotels, a company of Taj Hotels Group.
As soon as the news of this tragic incident comes, Ratan Tata immediately reaches the hotel and despite the threat to his life, he himself leads the entire rescue operation. In fact, Ratan Tata ji had given full salary to all the employees who were injured in this terrorist incident till they recovered completely. Besides, Ratan Tata himself had taken upon himself the responsibility of bearing the full expenses of the education of the children of the employees who were killed in this attack. In the year 2017, he had donated one thousand crore rupees for cancer patients and also during the time of Covid.
Even when the entire country was going through a financial crisis, Ratan Tata ji had donated Rs 1500 crore to the PM Care Fund to help the people. Ratan Tata ji’s life is full of many such philanthropic works, due to which he has been honored with Padma Bhushan in the year 2009 and Padma Vibhushan in the year 2009.
Even though Ratan Tata ji is 86 years old today, even at this stage of his age, he seems to be very active and perhaps this is the reason why even today he remains a role model for the Indian youth. So friends, today let us talk about those stories and life lessons of Ratan Tata ji’s life which not only made him successful but if you also follow these life lessons, then success will kiss your feet too. Lesson number one. Accept the Challenge.
Friends say that ups and downs in life are very important to keep us going because a straight line in ECG means that we are not alive. The year 1991 was the time when Ratan Tata ji was made the chairman of Tata Sons and a few years later, in 1998, the country’s first passenger car Tata Indica was launched by Tata Motors. This car was said to be Ratan Tata ji’s dream project on which he worked hard. But alas, this car could not do anything special in the market and it proved to be a miserable failure. Due to which Tata Motors had to suffer huge losses.
Now seeing the company going into loss, Tata’s financial advisors and some shareholders advise Ratan Tata to sell his car production unit. Now Ratan Tata ji is forced to accept this decision and he approaches Ford, the biggest car company of that time, regarding this deal. Now friends, Ford had shown interest in their deal but it took time. Ford CEO Bill Ford had inadvertently insulted Ratan Tata. Bill Ford told Ratan Tata ji that when you do not have knowledge of passenger car business then you should not have started it. No problem, we are doing you a favor by buying your business.
Now Ratan Tata ji did not like this thing of Bill Ford at all and without answering any questions to Bill Ford, he canceled the deal and returned back to India. Now friends, if it had been anyone else, perhaps he would have tried to prove himself right by getting into an argument with Bill Ford. But Ratan Tata ji used the insult given by Bill Ford as motivation and started removing the shortcomings of Tata Indica. After some time, they launched a new version of Indica in the market, which was named Indica.
And maybe I don’t even need to tell you this. What a big hit Tata Indica version two proved to be. After his first success, Ratan Tata ji continued to grow Tata Motors and in the next few years brought it among the top companies of the world. On one hand, Tata was moving ahead with the flag of success, while on the other hand, by the year 2008, the condition of the Ford company deteriorated and the company was on the verge of bankruptcy. In such a situation, Ford decided to sell its two car brands Jaguar and Land Rover and friends, as soon as Ratan Tata ji came to know about this, he immediately decided to buy these two car companies from Ford.
This decision of Ratan Tata ji was quite surprising because at that time the whole world was in the grip of recession and the automobile industry was on the verge of complete collapse. In such a situation, everyone started feeling that Ratan Tata ji had taken a wrong step in taking revenge from Bill Ford. But Ratan Tata ji had taken this decision considering a long term plan. Actually, at that time Ratan Tata ji was thinking of entering the luxury car business and in this regard, buying iconic luxury brands like Jaguar and Land Rover was like killing two birds with one stone.
And that is why in June 2008, Ratan Tata ji bought Jaguar and Land Rover from Ford for 13 billion dollars. It is said that when this deal was being made between Ratan Tata and Bill Ford, at that time Bill Ford repeated to Ratan Tata the same thing which he had told Ratan Tata earlier also but this time there were some changes in it. This time Bill Ford’s words were that you are doing us a favor by buying our company.
Now friends, here Ratan Tata ji had taken revenge for his insult by making his emotions his motivation. Every person should learn from Ratan Tata ji. We should also use our emotions and anger as motivation so that we can achieve success. Ratan Tata ji has always accepted challenges in his life and faced them with calmness and strength.
Because some great person has said that success is the best revenge lesson number to believe in yourself. Friends, when Ratan Tata ji took the decision to buy both Ford companies Jaguar and Land Rover, many voices were raised against his decision. Because people believed that an Indian company cannot run the luxury car business. Now in the year 2000, when Ratan Tata ji had taken the decision to buy the British tea company named Tetley, many questions were raised on him.
But Ratan Tata ji had more confidence in his decisions than in people and on the basis of that confidence, he proved every opponent wrong. Just think, if Ratan Tata ji had listened to the people at that time and not put his hand in these two businesses, would Tata have been at the position where we see him standing today? After coming to Tata, the sales of Jaguar and Land Rover have gone in a very positive direction and both these companies have also become quite profitable for Tata Motors. If we talk about tea company Tetley, then in 1990 Tetley was the second largest tea brand in the world after Lipton.
Whereas Tata Tea was the world’s largest tea producing company. Tea producing means that tea leaves were made but it was not sold under any brand. In such a situation, Ratan Tata ji noticed that despite having more than 50 tea gardens all over India, he had no identity of his own. And this was the reason that when the owners of Titli decided to sell their brand, Ratan Tata ji immediately took advantage of this opportunity and bought Titli for 70 million euros.
This was the biggest acquisition of any international brand by any Indian company, with which Tata Tea not only became the second largest tea company at the international level but also joined the competition with global companies like Unilever and Laurel. It’s done. Friends, Ratan Tata ji has a very famous statement that I do not believe in taking diet, decisions, I take decisions and make them right, that is, I do not believe in taking right decisions. I take decisions and then make them right.
The secret of Ratan Tata ji’s success has been to remain firm on his decision and go through immense hard work to prove it right. Lesson Number Three, Trust Values and Commitment Are More Important Than Money. Friends, just as Jamsetji Tata, who founded Tata Group, had maintained the trust of this company among the people, Ratan Tata ji has also maintained that legacy very well. For Ratan Tata ji, the value of the company and its commitment have always been more important than money and we saw the same thing in the year 2016 when Ratan Tata ji removed Cyrus Mistry from the post of Chairman of Tata Sons. .
The surprising thing was that it was the same Cyrus Mistry whom Ratan Tata himself had made the chairman. In the year 2012, when Ratan Tata took retirement from the post of Chairman of Tata Sons, he made Cyrus Mistry the Chairman of the Board. But after becoming chairman, Cyrus started focusing on profit more than Tata’s values and commitment. Now in the beginning, Ratan Tata ji forgave one or two mistakes of Cyrus, but when this mistake became a part of Cyrus’s life, then Ratan Tata ji showed him the way out of the company.
If we talk about Cyrus’ biggest mistake, then in the year 2009, a Japanese company NTT DoCoMo had bought 65% shares of Tata Teleservices for Rs 13 thousand crores. At that time, Tata Group had promised NTT DoCoMo that they could sell these shares whenever they wanted and if no buyer was found, then Tata itself would buy their shares and in return they would be returned a minimum of fifty percent value of their shares. Will give. Now after a few years of this deal, Ratan Tata makes Cyrus Mistry the chairman of Tata Sons.
However, at that time the telecom sector was in recession and Tata Docomo was also running in loss. Seeing the continuously increasing losses with time, in the year 2014, NTT DoCoMo had decided to exit from here and then according to the agreement, it requested Tata to buy back its shares. Now according to the deal, Tata Group had to take back the shares of NTT DoCoMo. But Tata company was incurring huge losses due to this. Seeing this, Cyrus Mistry refuses to return the money.
Now DoCoMo is quite shocked by this because they had signed this deal with Tata by trusting them. In such a situation, Docomo got angry with this and filed a legal case of fraud against Tata in the International Court. And friends, when this news reached Ratan Tata ji, he felt very bad because the Tata Group he had built on trust and reputation. This one decision of Cyrus Mistry had tarnished his image. To remove this stain on Tata, Ratan Tata ji got Cyrus Mistry removed from the position of Chairman of Tata Group in the year 2016 and on his advice, Tata Group gave 57 billion dollars to Docomo in the year 2017.
Payment was also made. Friends, Ratan Tata ji believes that a business has always been run on trust and if there is no trust then that business will not be able to run for long. That’s why you should never forget your values for temporary profits. Lesson Number Four Business for Profit. Friends, today Tata Group owns luxury car makers Land Rover and Jaguar. He is the owner of Air India. TCS, which has made its place among the top ten companies of the country, also belongs to Tata Group. In fact, whether we talk about net worth or profit, Ratan Tata ji’s Tata Group has always been ahead of Mukesh Ambani’s Reliance.
But the thing to note is that even after all this, why has Ratan Tata ji’s name not appeared in the list of the richest businessman of the country till date. However, while answering this question in an interview, Ratan Tata ji says that Mukesh Ambani is a businessman and I am an industrialist. Being a businessman, Ambani wants the Indian economy to become a superpower and being an industrialist, I want that no one should remain poor in India and no one should die of starvation in my country. Friends, this answer of Ratan Tata ji shows his mentality and generosity. Today the major shareholders of Tata Group is Tata Sons.
That means whatever money the Tata company earns goes to Tata Sons and the Tata family also holds 60 percent of this Tata Sons. If seen this way, Ratan Tata ji must have a lot of money. But this is not so because whatever money Tata Sons earns, 100% of it goes to charity. In fact, today Ratan Tata ji’s net worth is only Rs 3800 crores, which is nothing in comparison to Ambani and Adani. Rest, what is your opinion regarding this generosity of Ratan Tata ji, please tell us by commenting.
Anyway, see you again with the powerful explanation of the Success Story.
