Born: December 28, 1937 Achievement: Honored with Padma Bhushan, one of the highest civilian awards in 2000.

Ratan Tata is presently the Chairman of Tata Sons, the holding company of the Tata Group. Ratan Naval Tata is also the Chairman of the major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, Indian Hotels and Tata Teleservices. He has taken Tata Group to new heights and under his leadership Group's revenues have grown manifold. Ratan Tata was born on December 28, 1937, in Bombay. He received a Bachelor of Science degree in architecture from Cornell University in 1962. Ratan Tata had a short stint with Jones and Emmons in Los Angeles, California, before returning to India in late 1962. He joined the Tata Group and was assigned to various companies before being appointed director-in-charge of The National Radio & Electronics Company (NELCO) in 1971. Ratan Tata was appointed Chairman of Tata Industries in 1981. He was assigned the task of transforming the company into a Group strategy think-tank, and a promoter of new ventures in high technology businesses. In 1991, Ratan Tata took over the Chairmanship from JRD Tata. Under him Tata Consultancy Services went public and Tata Motors was listed in the New York Stock Exchange. In 1998, Tata Motors came up with Tata Indica, the first truly Indian car. The car was the brainchild of Ratan Tata. Ratan Tata was honored with Padma Bhushan, one of the highest civilian awards in 2000. He was also conferred an honorary doctorate in business administration by Ohio State University, an honorary doctorate in technology by the Asian Institute of Technology, Bangkok, and an honorary doctorate in science by the University of Warwick Ratan Tata was born into the famous Tata family, a prominent family belonging to Mumbai's wealthy Parsi community. He was born to Soonoo and Naval Hormusji Tata. Ratan is the great grandson of Tata group founder Jamsedji Tata. His childhood was troubled, with his parents separating in the mid-1940s when he was merely seven and his younger brother Jimmy was five years old. Their mother moved out and both Ratan and his brother were raised by their grandmother Lady Navajbai. Ratan Tata completed his BSc degree in architecture with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975.[2] He is a part of the Alpha Sigma Phi fraternity[3]. He joined the Tata Group in December 1962, after turning down a job with IBM on the advice of JRD Tata. He was first sent to Jamshedpur to work at

Tata Steel. He worked on the floor along with other blue-collar employees, shoveling limestone and handling the blast furnaces.[4] Ratan Tata, a shy man, rarely features in the society glossies, has lived for years in a book-crammed, dog-filled bachelor flat in Mumbai's Colaba district and is considered to be a gentleman extraordinaire Mr. Ratan Tata has a metallic blue Maserati and Ferrari California.[7] He sometimes likes to fly his private Falcon Jet himself.[8] He has never been married.[9] He likes to wear Herms ties and matching handkerchiefs. [1] Ratan Tata is largely an employee Chairman / CEO of the group and most his own holding in Tata Sons., the holding company of the group, is a result of inherited family shareholding. His share is or a little less than 1%, valuing his personal holding at approximately US$ 1 Billion, if encashed.[citation needed] About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the original Jameshedji family and the largest share is with the Shapoorji Pallonji Mistry family aligned originally to Jamshetji's brother in law. The biggest two of the owning trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust (different Ratan Tata), which were created by the families of the sons of Jamshedji Tata. Ratan Tata is on the board of trustees of the Sir Ratan Tata Trust, and is the chairman of the board of trustees of the Sir Dorabji Tata Trust.[original research?] Ratan Tata is also best known for the face behind changing India's automotive industry into global climate change era. Ratan N. Tata Chairman of the Board Tata Motors, Ltd. Mumbai Sector: CONSUMER GOODS / Auto Manufacturers - Major Director , Alcoa Inc. New York , NY Sector: BASIC MATERIALS / Aluminum 73 Years Old Mr Ratan N Tata (Chairman), Mr Tata holds a B.Sc. (Architecture) degree in structural engineering from Cornell University, USA and has completed the Advanced Management Program at Harvard Business School, USA. He joined the Tata Group in 1962. As Chairman of Tata Industries Limited since 1981, he was responsible for transforming the company into a group strategy think-tank and a promoter of new ventures in high technology businesses. In 1991, Mr Tata was appointed Chairman of Tata Sons Limited, the holding company of the Tata

entities and currently holds the chairmanships of major Tata companies. During his tenure, the Tata Group?s revenues have grown over ten-fold to annualized revenues of $67.4 billion. Mr Tata is on the Central Board of the Reserve Bank of India, a Member of the Prime Minister?s Council on Trade and Industry besides being a member of various global councils. He is also the chairman of two of the largest private sector promoted philanthropic trusts in India. Mr Tata is associated with various organizations in India and abroad. The Government of India honored Mr Tata with its second highest civilian award, the Padma Vibhushan, in 2008. Mr Tata was conferred with ?NDTV Automotive Man of the Year 2008? award. He has also been conferred an honorary doctorate in business administration by the Ohio State University, an honorary doctorate in technology by the Asian Institute of Technology, Bangkok, an honorary doctorate in science by the University of Warwick, and an honorary fellowship by the London School of Economics. Mr Tata has been on the Company?s Board since August 14, 1981 including 14 years in an executive capacity and is actively involved with product development and other business strategies pursued by the Company. One of his achievements include designing and developing an indigenous Indian car - ?Indica? which besides creating a record of sorts, is one of the leading products in its category in the car market. The ?Nano? - the fuel efficient, low-cost, eco-friendly ?people?s car? envisioned by Mr Tata was commercially launched in March 2009. The Company was also awarded the Wall Street Journal Technology Innovation Award for the Tata Nano, in the transportation sector. Forbes Rankings It was a ritual at Mumbai's [ Images ] Taj Mahal Hotel [ Images ]. Two months ago, Ratan Naval Tata, 67, non-executive chairman of the Rs 79,000 crore (Rs 790 billion) Tata group was presiding over the annual group management meeting for 200 of his senior managers, including Tata Sons' directors. For the past six years, this has been Tata's way of reaching out to his people, telling them where the group is headed, what needs to be done and how they can do it. This year's theme was the global story. And the punch line? Be bold; think big; lead, never follow. "It is Tata's State of the Union address to us," says a manager who has been attending these dos. Such exhortations are heard more often these days at Bombay House, the Tata group headquarters. It's a decade since McKinsey & Co offered its blueprint for ushering in change. And next year, it will be 15 years since Tata, who is low profile almost to the point of reclusiveness, was made chairman, when his legendary predecessor J R D stepped aside in 1991. Tata's game plan, according to his managers, was simple -- rationalise the group's business portfolio; deliver a return on investment that exceeded the cost

of capital; have a symbolically and emotionally unified brand; and grab new opportunities. Surely, after taking over, Tata's first job was to see that many of the group stalwarts, who were well past their retirement age, hung up their boots. He brought in new people to strengthen the parent company Tata Sons Ltd, where Tata trusts continue to hold a 66 per cent stake. FULL HOUSE Tata company Acquired company Acquisition value Year (Rs crore) 1,870 Feb00 Nov01 Feb02 Jun02 Sep02

Tata Tea [ Tetley, UK Get Quote ] Tata Sons CMC Ltd (TCS [ Get Quote ] Quote ]) Tata Group [ Get

157

VSNL [ Get Quote ] 1,439

Tata Hughes Teleservices India [ Get Quote ]

Telecom

undisclosed

Indian Hotels Regent Hotel

415

TCS VSNL

Airline Financial Mayundisclosed Support Services 03 Gemplex undisclosed Jul-03

Daewoo [ Get Tata Motors [ Quote ] 465 Get Quote ] Commercial Vehicle, Korea VSNL Dishnet DSL's ISP 270

Mar04

Mar-

division Aviation Software Development 4.02 Consultancy Phoenix Solutions Global undisclosed

04 Mar04 May04 Aug04 Nov04 Feb05 Jul05

TCS

TCS

Tata Steel [ Steel business of 1,313 Get Quote ] NatSteel VSNL Tyco Network Global 13

Tata Motors Hispano Carrocera 70 Teleglobe International

VSNL

1,040

He then went about making control secure from raiders. Today, TSL has a 26 per cent stake in most of the group's 32 listed companies, up from 3 per cent during JRD's days. Today, Tata's empire is still unwieldy. With seven business sectors and an official list of 91 operating companies (a group insider put the total at 300), Tata still employs around 220,000 people. "We have too many companies and focus is necessary," says a senior Tata manager. But what Tata has already done is hauled his heavy engineering-to-services conglomerate into newer businesses (telecom, passenger cars, retail, biotech); turned around and restructured flagships (Tata Steel, Tata Motors) that once operated in protected regimes; and shed some businesses that no longer fit into the corporate vision or failed to yield requisite results (Merind, Goodlass Nerolac, ACC, Lakm, Tomco). Besides, he took crown jewel Tata Consultancy Services (TCS) public last year when the group obtained SEBI nod for the TCS IPO. The Tata group is going global with a vengeance and acquiring businesses as if there's no tomorrow -half its 14 acquisitions were in the past year. How successful has Tata been in implementing his strategy? How do you measure the results of a process imbued with many qualitative characteristics?

Figure it out Consultants and managers within the group and outside believe Tata has done a decent job. "The group is more aggressive today than it was a decade ago," says a merchant banker. Adds Ishaat Hussain, finance director, TSL, "There is a certain electricity in the group." In cold numbers, the results are telling. A study by Business Standard's Research Bureau of the top six Tata companies shows they account for 85 per cent of the group's revenues and 90 per cent of the profits. Also, new technology businesses notch up 50 per cent of the group's Rs 145,579 crore (Rs 1,455.79 billion) market capitalisation on July 19. In the past five years, the cumulative investments in the Big Six touched Rs 22,776.12 crore (Rs 227.76 billion), with a compounded annual growth rate (CAGR) of 1.49 per cent. Add to this the upturn in many of its businesses like steel and auto in the same period, and both the return on capital employed (ROCE) and return on net worth (RONW) for many of the companies impacted positively. Take two of the group's most capital intensive businesses -- auto and steel. Since 2002, Tata Steel's ROCE galloped from 2.51 per cent to 22.13 per cent in 2004. Its RONW jumped seven fold to 38.67 per cent. Tata Motors' negative 1.13 per cent ROCE in 2002 sped to 16.71 per cent last year with its RONW tipping at 22.57 per cent. Says Sanjiv Anand, regional director, Asia/Middle East, Cedar Consulting, "The primary responsibility of a CEO is to deliver on the financial performance of the company. The non-financials become important in order to achieve and sustain the financial parameters." Hussain says today, Tata Steel and Tata Motors along with TCS chip in 75 per cent of the group's revenues and profits. What brought about these results? "Many of its flagships slugged it out with competition admirably," says a consultant. Tata Steel has become the world's lowest-cost producer. Tata Motors virtually breasted the tape with its indigenously produced Indica and Indigo [ Images ] cars. The TCS scrip closed last Wednesday at Rs 1,308. Today, passenger cars drive 52.5 per cent of Tata Motors' revenues, up from 49.5 per cent three years ago. Its market share in commercial vehicles has gone

up from 31.98 per cent in FY04 to 34.59 per cent last year. In comparison, competitor Ashok Leyland [ Get Quote ] saw its market share skid from 17.47 per cent to 15.19 per cent. Granted, there are laggards. Indian Hotels saw its ROCE plunge from 8.31 per cent five years ago to 2.68 per cent last year. Tata Tea is down from 11.32 per cent to 7.97 per cent. Does this mean that the group's success is due to the cyclical upturn that coincided for its firms? Perhaps. "That's all part of being in business," says an investment banker. Seize the world In fact, to hedge the cyclical nature of some of his flagships, and with growing competition in the domestic market, most of the Tata companies are going global. Apart from bagging orders from overseas, they are acquiring foreign companies. "Globalisation is the way to go for us," Tata said recently. "A global footprint is very important for the group to remain competitive," adds J J Irani, the erstwhile managing director of Tata Steel. So even as it picked up Tetley, UK, five years ago, it has accelerated its shopping spree in the past one year. In March 2004, Tata Motors acquired the heavy commercial vehicle business of Daewoo Motors in Korea and followed it up with design house Hispano Carrocera. Six months later, Tata Steel acquired Singapore's NatSteel, and Videsh Sanchar Nigam Limited picked up the world's most extensive submarine cable systems company Tyco Global Network in the US. TCS acquired Phoenix Global Solutions and more recently, Indian Hotels extended its footprint in the US by bagging a management contract for the Pierre Hotel in Manhattan. There have been misses as well, like the more recent Tata Chemicals' [ Get Quote ] bid for Egyptian Fertilisers. Or Tata Motors' Rover deal in Europe, which fell through. But these efforts, according to industry experts, still do not single out the group as being aggressive. "Despite incumbency, it is not able to make the best of opportunities. Look at telecom. An unknown Mittal comes and grabs the market," says the head of a leading consulting firm.

He also points out to the group's late start into biotech. Adds a senior Tata manager, "Our decision-making is loose. Everyone is not progressing on the front equally." Hussain, however, concedes that telecom is a bigger challenge. "Just don't go by the numbers. We believe that in the long term the quality of service and customer care will be the key to survival," he says. The people paradox Human resource is another issue. That Tata has personally led the company for almost 15 years and set up the Tata Business Excellence Model to trade best practices, hasn't improved his reputation. It is felt that the leadership at most of the Tata companies lacks the dynamism of many of its competitors and is not demanding of its managers. "We are organised more like a telephony model system, which is not one of command-and-control, but one where multiple activities are happening," says a Tata manager. Could it be its unusual group structure, where the parent company (TSL) is unlisted while its offspring are? Perhaps, say consultants. But some Tata managers are candid about what needs to be done. "Building a future cadre of leadership is necessary for us. But, until now, job rotation was unheard of in the company," reveals a Tata manager. So where does the group go from here? "We have a solid middle class that gives us longevity and staying power. Everybody is being challenged. We want to be a truly international company," says a Tata Sons director.