New Delhi: Tata Sons Chairman Emeritus <a href="https://time.news/who-is-that-mysterious-person-who-holds-1-share-in-tata-group-strange-story-of-stake-in-unlisted-company-2024-04-12-085726/" title="Who is that mysterious person who holds 1 share in Tata Group? Strange story of stake in unlisted company
– 2024-04-12 08:57:26″>Ratan Tata is admitted to a hospital in Mumbai. The health of 86 year old Tata is said to be serious. Reuters has given this information quoting sources. Tata had dismissed the rumors regarding his health two days ago. On Monday, several media reports said that Tata has been admitted to Breach Candy Hospital. Following the news of his deteriorating health, Tata had issued a statement saying that he is admitted to the hospital for treatment of age-related diseases. He had said that there is no need to worry about his health.
Ratan Tata had issued a statement
In an official statement issued on Monday, Tata had said, ‘Due to my age and related diseases, I am undergoing regular medical checkups. There is nothing to worry about. My morale is high. He had requested the public and media to avoid ‘spreading misinformation’.
Ratan Tata took over as Chairman of Tata Sons in 1991. He retired from this post on 28 December 2012. Since 29 December 2012, Ratan Tata has held the post of Chairman Emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel and Tata Chemicals.
Used to go to school in a Rolls Royce car
Ratan Tata was born on 28 December 1937 to Naval and Sunu Tata. Ratan and his younger brother Jimmy were brought up by their grandmother Nawazbai R Tata in a luxurious house named Tata Palace in Mumbai. Ratan Tata was taken to school in a Rolls Royce car. But, Lady Nawazbai had instilled good values in her grandchildren.
Ratan Tata did his schooling from Campion and Cathedral & John Connon schools in Mumbai. After completing school, Ratan Tata went to America. He earned degrees in Architecture and Structural Engineering from Cornell University. In 1969 he was working as a representative of the Tata Group in Australia.
Became Chairman of Tata Industries in 1981
A year later, Ratan Tata returned to India and joined Tata Consultancy Services. In 1971 he was appointed Director-in-Charge of National Radio and Electronics (NELCO). In 1974, he joined the board of Tata Sons as a director. In 1975, he completed the Advanced Management Program at Harvard Business School.
In 1981, he was appointed Chairman of Tata Industries. He began the transformation of Tata Industries into a promoter of high-technology businesses. In 1983 he drafted Tata’s strategic plan. From 1986 to 1989, Tata served as chairman of Air India. On 25 March 1991, he took over as Chairman of Tata Sons and Chairman of Tata Trusts from JRD Tata.
In 1991 he began the restructuring of the Tata Group. At that time the Indian economy was being liberalised. The Tata Group grew rapidly under his leadership in the 2000s. Tata acquired companies like Tetley, Corus, Jaguar Land Rover, Brunner Mond, General Chemical Industrial Products and Daewoo.
In 2008 they launched Tata Nano. The same year, the Government of India honored him with the Padma Vibhushan, the country’s second highest civilian award. In December 2012, he resigned as chairman of Tata Sons after 50 years.