Sir Ratan Naval Tata

1259 WordsMar 3, 20116 Pages
BUSINESS MAHARAJAS -Gita Piramal Presented by, Chinar Trivedi 03 Sandeep Yadav 15 Vishal Singh 20 Ashish Dhakal 28 Baqer Merchant 31 Ratan Naval Tata The Tata family tree Ratan Naval Tata Born in Bombay, on 28th December 1937, to Soonoo and Naval Hormusji Tata. He had 5 siblings: Jimmy, Noel, Shireen, Deanna and Geet. He did his graduation from Cornell with a B.Sc. Degree in architecture with structural engineering in 1962. On 25th March 1991, he took over the position of Chairman of Tata Sons, from Jehangir Ratanji Dadabhoy, ‘J.R.D. Tata’ (1904-1993). Close bonds From childhood, Ratan was uneasy with the ostentatious display of wealth. He prefers simple lifestyle till date! His father…show more content…
He wants the group to shed it’s lethargy and become more agile, modern, consumer-oriented and united. His concept of what the Tata Group should be is clear. In over legendary 50 years, Ratan Tata established unrivalled standards of probity and professionalism in management. Russi Mody As an outstanding man-manager in his heyday with a hands-on style which earned him the Padma Bhushan, Moday had many precedents. He was appointed as Tisco’s Managing Director in 1974 and became the chairman in 1984. He displayed a singular lack of finesse during his last few years with Tatas. He was to officially retire on May 21 1993, but was sacked on April 19, 1993. Had he behaved with greater decorum, he could’ve had a much more graceful exit and assured himself pride of place in Tata history. Mody had accused Ratan Tata (Tisco’s then deputy chairman) and Jamshed. J. Irani (its managing director) of mismanaging Tisco’s affairs and causing it’s share prices to crash. He aslo threatened to launch a campaign to mobilize support for himself from shareholders and financial institutions. Since he refused to agree with the management policies, he was unanimously voted out and was fired. Mody wanted to move up Aditya Kashyap (corporate executive director), his protege and Ishaat Hussain (executive director of finance) as Tisco’s future chairman with Hussain as his number two. In

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