- published: 14 Nov 2015
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Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. It is one of the largest conglomerates in India by market capitalization and revenue. It encompasses several primary business sectors: chemicals, consumer products, energy, engineering, information systems, materials, and services. Tata Group has operations in more than 80 countries across six continents and its companies export products and services to 80 nations. It comprises 114 companies and subsidiaries in eight business sectors, 27 of which are publicly listed. 65.8% of the ownership of Tata Group is held in charitable trusts. Companies which form a major part of the group include Tata Steel (including Tata Steel Europe), Tata Motors (including Jaguar Land Rover), Tata Consultancy Services, Tata Technologies, Tata Tea (including Tetley), Tata Chemicals, Titan Industries, Tata Power, Tata Communications, Tata Sons, Tata Teleservices and the Taj Hotels.
The group takes the name of its founder, Jamsedji Tata, a member of whose family has almost invariably been the chairman of the group. The current chairman of the Tata group is Ratan Tata, who took over from J. R. D. Tata in 1991. The company is currently in its fifth generation of family stewardship. The group has more than 100 companies and Tata Sons is the promoter of all key Tata companies and holds the bulk of shareholding in these companies. The chairman of Tata Sons has traditionally been the chairman of the Tata group. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family.
Sir Ratan Naval Tata KBE (Gujarati: રતન નવલ ટાટા; born 28 December 1937) is an Indian businessman who became chairman (1991– ) of the Tata Group, a Mumbai-based conglomerate. He is a member of a prominent family of Indian industrialists and philanthropists (see Tata family).
Among many other honours accorded him during his career, Tata received the Padma Bhushan, one of India’s most distinguished civilian awards, in 2000 and Padma Vibhushan in 2008. He has also been ranked as India's most powerful CEO.
Ratan Tata was adopted to famous Tata , a prominent family belonging to the Parsi community. Ratan is the 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.
Tata started his schooling at Campion School and finished at Cathedral and John Connon School both in Bombay. Ratan Tata completed his B.S. in architecture with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975. He is a part of the Alpha Sigma Phi fraternity.