There was an atmosphere of mourning in the country as Ratan Tata breathed his last in the hospital on Wednesday. Ratan Tata has a total wealth of $165 billion but when he stepped into the Tata Group, his annual business turnover was only $4 billion.
Ratan Tata took the Tata Group to $100 billion on the strength of his hard work, only after that he handed over its command to others. It is the result of Ratan Tata’s hard work that today this company is touching new heights in the world.
Ratan Tata joined this company as an assistant and became the chairperson of the company in 1991. At that time, when other people were dominating this company, Ratan Tata ji reached this position. Due to his hard work and dedication, he established this company in Mumbai House.
Big trouble came at the time of the new era
When Ratan Tata ji took over the command of this company, the license raj was ending and the era of competition was beginning. He took it as an opportunity and brought a new revolution in the market.
Investment in many companies was stopped
When Ratan Tata joined this company, he made a lot of changes in this company, due to which his company is touching such heights. Ratan ji took the current software and steel sectors forward by selling cement, pharmaceuticals, textiles, and fairness cosmetics sectors.
He stepped into sectors like the telecom sector, travel, insurance, travel and tour and finance and brought a new revolution in it.
He increased his investment in many international sectors like Cummings, AIN, and Starbucks companies and also moved forward to make coffee from Kochi to Kargil in many giant companies like automotive engine manufacturing and insurance companies.
Ratan Tata’s Business Era
Ratan Tata took his business to the international level in his life where he earned a lot of names.
In 2007, he took over Corus Steel, which was a British-authorized company. After buying this company, his steel company became famous all over the world.
In 2008, Tata Group acquired the most expensive car manufacturing companies Jaguar and Land Rover, which is another big achievement. With this step, he stepped into the world of automobiles with international influence.
Ratan Tata launched the Tata Nano car for the middle class and poor people of the country at just Rs 1 lakh. With this, even common people can enjoy a car.
Ratan Tata ji also made his name famous in the coffee and tea industry. The company made famous coffee brands like Tetley and Eight O Clock, which are in demand at number 1 even today.
Challenges of Tata Group
When Ratan Tata took over the reins of Tata Group, he also faced many challenges in his life. When the nineties were going on, Tata Group was in trouble because the extremists had targeted his tea gardens for money.
Which had a bad effect on his business. Apart from this, he had to face a lot of losses because when he launched India Car, he suffered a loss of Rs 500 crore due to its poor performance. Due to this, the shareholders held a meeting and Ratan Tata even offered his resignation.