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Digital Desk : There have been reports that Starbucks is planning to exit the Indian market. Due to high operating costs and low profitability, the brand is facing losses and it may force them to end its joint venture with Tata.
Transforming Tata Group into a global powerhouse with compassion and honor…
Digital Desk: As the news of Ratan Tata’s demise became public, India lost one of its greatest visionary leaders. Ratan Naval Tata, the chairman of Emeritus of Tata Sons, left the mortal world on 9th October at the age of 86 in Mumbai Hospital. He had been undergoing treatment for prolonged illness at Mumbai’s Breach Candy Hospital for the last few days. He was a man of vision, humility, and passion towards social causes apart from the corporate world. He was a philanthropist and touched many people’s lives through his philanthropic nature.
Ratan Tata was born on December 28th, 1937, in the Bombay presidency, thus belonging to the prestigious Tata family. He completed his graduation from Cornell University and postgraduate from Harvard University. In 1962, he joined the Tata group. His leadership potentially fully developed in 1991, after he was elected as the chairman of Tata Sons, taking over his legendary uncle J.R.D Tata.
Within the next twenty years, Ratan Tata took the Tata group to new heights, where the company bought Tetley tea, Jaguar, Land Rover, Corus Steel, Cartlane, and Tanishq. All these acquisitions took the Tata Group to a new height. Tata’s vision also extends towards the development of Tata Motor’s Indica and the Nano, a car intended to be the most affordable car in the world.
Tata’s leadership was not confined to the corporate world. There is so much to learn from him, especially concerning ethical business practices and thinking that was not only profit-driven but also innovation-driven. Each year he donated large sums of money to the society. He was equally devoted to building and improving India’s health care and education systems. He contributed significantly to setting up the Tata Institute of Cancer throughout the country and provided many establishments for many projects.
Mr. Tata was honored with many awards around the world, among some of them are Padma Bhusan in 2000, Padma Vibhushan in 2008, Assam Baibahv in 2021, and many more for his outstanding work in India. He was also appointed as the Knight Grand Cross of the Excellent Order of the British Empire.
Post-retirement in 2012, he was still active in the tech scene as he mentored several budding entrepreneurs and invested in many startups that defined innovation in India. He dedicated his last years to the development of Assam. Ratan Tata's life serves as a testament to visionary leadership, compassion, and dedication to nation-building.
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