Tata Sons Chairman Emeritus Ratan Tata passed away on October 9 Mumbai At the age of 86. He was widely known for transforming his family business into a global powerhouse, his philanthropic activities, and his love for animals. Ratan Tata, one of the world’s most influential industrialists, oversaw 30 companies spanning more than 100 countries across six continents, according to the Times of India. Despite his significant contribution to business and staggering net worth According to IIFL Wealth Hurun India Rich List 2022, Ratan Tata, worth Rs 3,800 crore, has never been among the richest people in the world. Scroll down to know the reason.
Why was Ratan Tata, who leads a billion-dollar conglomerate in more than 100 countries and has a net worth of Rs 3,800 crore, never featured in the list of India’s richest billionaires?
After graduating from Cornell University, Ratan Tata rejected an offer IBM and returned to India to join his family business. He started as a trainee at Tata Steel’s plant in Jamshedpur. In 1991, JRD Tata declared Ratan Tata as his successor. Ratan Tata served as Chairman of the Tata Group and Tata Sons from 1991 to 2012, and was instrumental in the diversification and expansion of the family. Business In different regions and global market.
The Tata Group’s revenues increased significantly under the leadership of Ratan Tata. During his tenure, the Tata Group acquired international brands like jaguar land rover and Corus, which gave the Indian company a big boost in the global market. Despite his significant contributions to the business world, Ratan Tata kept a low profile and focused on his philanthropic work.
Ratan Tata has never featured in any of the richest persons list due to his habit of allocating a significant portion of his income to various charitable purposes. according to peppermint And dnaRatan Tata donated more than 60 percent of his profits from Tata Sons to various philanthropic initiatives through the Tata Trusts. These initiatives primarily focused on Education And healthcare. Currently, Tata Trusts runs more than ten cancer care facilities in various states across the country, providing world-class treatment to those in need. Over the years, Ratan Tata has also established several educational institutions IndiaLike Tata Institute of Social Sciences. Additionally, Tata Trusts also funds several educational programs in the country.
The Tata Group has impacted the lives of countless people through its various philanthropist The initiative, which has been an integral part of its culture and was started by Ratan Tata’s great grandfather, Jamsetji Tata. according to Economic TimesRatan Tata contributed Rs 500 crore to combat the COVID-19 pandemic in 2020. Additionally, he also postponed layoffs across various Tata-owned brands and announced compensation for the families of employees who lost their lives during the pandemic.
Apart from his philanthropic commitments, Ratan Tata has also helped many young and talented people entrepreneurs Achieve your dreams by investing in their ideas. according to peppermintHe invested in several startups through his investment company, RNT Capital Advisors. Currently, the Tata group has invested in more than 30 startups, including Lenskart, Paytm, Snapdeal, Ola Electric and many others.
