Ratan Tata, the former head of the country’s largest industrial conglomerate Tata Group, celebrates his birthday today. Ratan Tata, a billionaire businessman and philanthropist, is currently 86 years old, having been born on December 28, 1937. On the one hand, the former chairman of Tata Sons is an inspiration to people, yet there are many intriguing anecdotes about his life. One of these is the narrative of his vengeance; let us learn more about it.
Served as the chairman of the Tata Group till 2012.
Ratan Tata doesn’t require an identity. Since before the country’s independence, the Tata family has made its mark on the corporate world. He was the Chairman of Tata Group from 1991 to 2012, during which time he set several corporate records and led Tata Group, one of the country’s oldest business houses, to unprecedented heights. Ratan Tata’s personality reveals that he is not just a businessman, but also a simple, noble, and kind individual, a role model, and a source of inspiration for the people. There are several examples of how they regard even the tiniest employee linked with their group as family and go out of their way to take care of them.
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This Story From the 1990s.
On the occasion of Ratan Tata’s birthday, let us first tell you about the intriguing story of his vengeance with a large corporation. This is from the 1990s when Tata Motors unveiled the Tata Indica, led by Tata Sons Chairman Ratan Tata. However, Tata automobiles were not selling as well as Ratan Tata had hoped. Due to poor reaction to Tata Indica and steadily rising losses, they decided to sell the passenger vehicle business (Passenger vehicle Business), and they approached American automobile maker Ford Motors about this.
Meeting with Bill Ford, Chairman of Ford Motor Company
Ratan Tata decided to sell his passenger vehicle business to Ford Motors. So Ford Chairman Bill Ford mocked him. Bill Ford had reminded him that if he didn’t know anything, why did he develop the passenger vehicle section in the first place? Bill did not stop there, saying that buying your firm would be a kindness to you. These remarks of Bill Ford stayed with Ratan Tata, but as is his wont, he did not respond quickly and returned to India.
Made this major choice as soon as I returned to India.
Following his discussion with Bill Ford, he postponed the decision to sell the passenger vehicle company and set out to modernize India’s automobile industry. He demonstrated that failure is but a stepping stone to achievement. He focused his whole emphasis to elevating Tata Motors to new heights, and in less than a decade, he exacted revenge on Ford’s wrongdoing by establishing himself as the undisputed ruler of this industry.
In just 9 years, Ford was forced to concede.
Since then, nine years had gone by, and Tata Motors had risen to new heights, while Ford Motors was on the edge of bankruptcy. Ratan Tata’s business made a bid to purchase Ford’s Jaguar and Land Rover brands around this period. The tone of Ford Chairman Bill Ford altered during a discussion between Ratan Tata and Bill Ford about this purchase. He thanked Ratan Tata for the offer and stated that by purchasing Jaguar-Land Rover (JLR), he was doing us a great service.
