Ratan Tata turns 83, Harsh Goenka, Sanjay Jumaani hail 'role model’ who inspired millions

Over 65% of Tata’s shares are invested in charitable trusts.

Agencies
Tata is known to have a heart of gold given his philanthropic efforts to help the needy.
Often considered India’s most loved industrialist, philanthropist and billionaire businessman Ratan Tata turned 83 today. The former chairman of Tata Group and the scion that helms the charitable trust of the Group, Tata is known to have a heart of gold given his philanthropic efforts to help the needy.

Born in 1937, Tata earned a B.S. (1962) in architecture before returning to work in India from the US. He gained experience in a number of Tata Group businesses and was named director in charge (1971) of one of them, the National Radio and Electronics Co. He became chairman of Tata Industries a decade later, and in 1991 succeeded his uncle, J.R.D. Tata, as chairman of the Tata Group.

The Indian billionaire businessman is known for his love for dogs. He has several four-legged friends at the Bombay House, Tata Group headquarters and has even adopted one of the strays and named him ‘Goa’.


The Indian billionaire businessman is known for his love for dogs.
The Indian billionaire businessman is known for his love for dogs.

Over 65% of Tata’s shares are invested in charitable trusts, contributing to areas such as education, medicine and rural development. It was, therefore, natural for wishes to pour in for the larger-than-life figure who has propelled the Indian economy towards growth.

RPG Enterprises Chairman Harsh Goenka gave a list of reasons, ranging from corporate ethics to impeccable manners, that make Tata the ‘most loved and admired industrialist’.
Popular distributor of Bollywood films, Girish Johar, called Tata the man who ‘not only walks the talk but inspires millions’.
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Maharashtra Cabinet Minister, Jayant Patil, said that Tata has taught him various valuable lessons for life.
Ex-cricketer and Chairman of Rhiti Group, Arun Pandey, extended warm birthday wishes for Tata and called him a ‘role model’ for millions across the globe.
Entrepreneur & investor Vishal Gondal shared a photograph with Tata. wishing him on his special day.
Rajya Sabha MP Suresh Prabhu called Tata’s contribution to the country’s economy of ‘paramount importance’.
Numerologist Sanjay B Jumaani also wished Tata and Dhirubai Ambani on their birthdays.
Among many other honours accorded him during his career, Tata received the Padma Bhushan, one of India’s most distinguished civilian awards, in 2000.

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Bill Gates recently said that his ‘greatest mistake ever’ — reportedly worth $400 billion — was to not create Android at Microsoft. A look at other regrets of businessmen.

(In pic from left: Bill Gates, Ratan Tata, Jack Ma)

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In April 2018, Mark Zuckerberg told reporters that he made a ‘huge mistake’ in failing to take a broad enough view about Facebook’s responsibility to the world. This statement was also in the context of the Cambridge Analytica scandal, in which the data mining firm misused data to try and influence elections. In March 2018, Zuckerberg said that “one of the biggest mistakes” of Facebook was not digging deeper into the Cambridge Analytica scandal.

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The year 2015 marked the 50th anniversary of Warren Buffett and his partners’ decision to take control of Berkshire Hathaway. In his letter to the shareholders, Buffett shared his biggest investment mistakes. He said that buying Berkshire was a “monumentally stupid decision” and that he had only bought the company because it was cheap. Buffett kept investing money in Berkshire’s textile mills, eventually shutting operations in 1985.

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In July 2015, Ratan Tata, chairman of Tata Trusts and former head of Tata Sons, said his greatest mistake was branding of the Nano car as the cheapest instead of the ‘most affordable’, which was the intention of the company. Branding the car as the cheapest created a negative impact on the market, he said. “Success comes i f one took decisions that one thinks are the right ones,” Tata said.

In July 2015, Ratan Tata, chairman of Tata Trusts and former head of Tata Sons, said his greatest mistake was branding of the Nano car as the cheapest instead of the ‘most affordable’, which was the ..
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In March 2018, Elon Musk participated in a Q&A at South by Southwest. While answering a variety of questions, the Tesla CEO said that the biggest career mistake he made was not being more involved with Tesla in its initial days. From 2004 to 2008, Musk was a lead investor in Tesla, but he was the CEO of SpaceX, a space exploration company. At the event, Musk said, “I think that was probably the biggest mistake of my career. Whenever you think you can have your cake and eat it too, you’re probably wrong.”

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In April 2016, Chinese e-commerce giant Alibaba’s founder and CEO Jack Ma spoke at the 20th St Petersburg International Economic Forum. At the event, Ma reportedly said, “My biggest mistake was I made Alibaba. I never thought that this thing would change my life. I was just trying to do a small business and grow that big [sic], take that much responsibility and got so much trouble. Every day is like as busy as a president, and I don’t have any power. And then I don’t have my life.” In January 2018, Alibaba became the second Asian company to break the $500-billion valuation mark.

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