Did you know this 85yo gentleman built a $300B empire and pledged 66% of it to charity?
He owns Jaguar and Range Rover and is a leader in India's airline, Steel, Fashion, Car, and Technology industries.
The greatest philanthropist you've never heard of - Ratan Tata
He owns Jaguar and Range Rover and is a leader in India's airline, Steel, Fashion, Car, and Technology industries.
The greatest philanthropist you've never heard of - Ratan Tata
How is the Tata Group worth $300B?
It has 29 publicly listed companies with a combined valuation of Rs. 23 trillion or $314 Billion.
From fashion to airways & steel to IT, automobiles, chemicals, and hospitality, the TATA group has a public company in every industry.
It has 29 publicly listed companies with a combined valuation of Rs. 23 trillion or $314 Billion.
From fashion to airways & steel to IT, automobiles, chemicals, and hospitality, the TATA group has a public company in every industry.
Tata Consultancy Services alone did $26B in revenue last year.
That's more than McKinsey, Bain, and BCG Combined.
That's more than McKinsey, Bain, and BCG Combined.
During Ratan Tata’s chairmanship of 21 years, the revenue of the Tata Group grew over 40X & profit over 5X
After graduating from Cornell University, Ratan rejected job opportunities from tech giants like IBM & joined the Tata group in 1961.
Then for the next 30 years of his life, he managed some of the most struggling companies of Tata Group - Tata steel, National Radio & Electronics Company, Empress Mills (textile mill), etc.
In 1991, he was appointed the Chairman of the Tata Group
In 1991, he was appointed the Chairman of the Tata Group
His primary objective was that the Tatas should be open to new markets.
He wanted Tata companies to compare their operations with similar companies around the world, invest & compete with the best companies in international markets.
He wanted Tata companies to compare their operations with similar companies around the world, invest & compete with the best companies in international markets.
To tap the Indian jewelry market, they launched Tanishq under their lifestyle brand, Titan. The plan was to bring reliability to an unorganized sector.
Today, Titan is valued at $25.47 Billion.
Today, Titan is valued at $25.47 Billion.
Ratan then went on to launch the first indigenous passenger car - Tata Indica.
It got more than 115,000 orders within a week of launch & it ruled the segment for almost 20 years
It got more than 115,000 orders within a week of launch & it ruled the segment for almost 20 years
In order to restructure the group to address global opportunities., Tata Group did some historical Mergers, Acquisitions & IPOs
- Tata Tea, a $114 million company, acquired the 160-year-old, British Tetley group (3 times its size) for $450 million
- Tata Tea, a $114 million company, acquired the 160-year-old, British Tetley group (3 times its size) for $450 million
- Acquired Jaguar Land Rover from Ford Motor Company for $2.3 billion
- Tata Consultancy Services became the first Indian software company to cross $1 Billion in revenues.
It went public in 2004 in the largest IPO in India, raising nearly $1.2b
It went public in 2004 in the largest IPO in India, raising nearly $1.2b
In the mid-2000s, Ratan constantly noticed that Indian families were riding scooters on slippery roads, often with a child sandwiched between the mother & the father.
He wanted to do something about their situation.
He wanted to do something about their situation.
In 2008, Ratan Tata launched Tata Nano - the world's cheapest car.
The cost of the car was ~$1300
It was an engineering and manufacturing marvel.
The cost of the car was ~$1300
It was an engineering and manufacturing marvel.
But the journey of the Tata Group & Ratan was not just about business. He & his great-grandfather are considered the greatest philanthropists of all time.
Their charities have donated more than $102 billion to support health, education, art and culture, and other charities.
Their charities have donated more than $102 billion to support health, education, art and culture, and other charities.
- In 2010, Tata charities donated $50 million for the construction of an administrative center at Harvard Business School.
The center was named Tata Hall.
The center was named Tata Hall.
- Provided a $28 million scholarship to provide financial aid to undergraduate Indian students at Cornell.
This Fund will support approximately 20 scholars at any given time so the best Indian students have access to Cornell, regardless of their financial circumstances.
This Fund will support approximately 20 scholars at any given time so the best Indian students have access to Cornell, regardless of their financial circumstances.
- Formed the MIT Tata Center of Technology and Design to improve food security and the livelihood of the agricultural workforce through technology in India.
In 2014, the Tata group contributed ~$12M to IIT Bombay to form the Tata Center for Technology and Design.
This was to develop solutions for problems in agriculture, environment, health, housing, water, and waste management.
This was to develop solutions for problems in agriculture, environment, health, housing, water, and waste management.
With over 1 Million employees & combined market cap of $311 billion, the contribution of Tata group to the Indian economy & GDP has been huge.
He's old and needs support to travel. But takes the time to visit the families of lifelong Tata employees to thank them.
After the 26/11 terrorist attacks at the Taj Hotel (Owned by Tata Group), he visited the families of all the 80 employees who were killed or injured.
After the 26/11 terrorist attacks at the Taj Hotel (Owned by Tata Group), he visited the families of all the 80 employees who were killed or injured.
Here's Elon before he became Elon calling Ratan "a gentleman and a scholar and an awesome guy all around
youtu.be
youtu.be
Tata's set up the first private steel plant in India and used the profits to develop the entire surrounding region.
Today Tata Steel is worth $17B and the region surrounding it is a major city named after the 'founders' of this city.
Tatanagar.
Today Tata Steel is worth $17B and the region surrounding it is a major city named after the 'founders' of this city.
Tatanagar.
Retweet this if you enjoyed learning about Ratan.
Follow me @ValKatayev for threads on business and life.
Follow me @ValKatayev for threads on business and life.
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