India lost its ‘Anmol Ratan’

Today India woke up with the news of Ratan Tata's passing. His contributions to India, both as a visionary businessman and a compassionate human being, will always be remembered. His leadership helped elevate India's global brand and left an indelible mark on the nation. India has incurred a big irreplace-able loss with the sad demise of Ratan Naval Tata as Prime Minister Narendra Modi said that he was extremely pained by his passing away and termed Ratan Tata a visionary business leader, a compassionate soul and an extraordinary human being. Before we take a flashback of his life full of achievements, 
 
 
Today, VARINDIA pays tribute to the legendary Ratan Tata, born on December 28, 1937, who has made a remarkable mark for India in the world of business. 
A renowned industrialist and philanthropist, Tata led Tata Group to global success and invested in numerous ventures. Attending schools both in India and New York City. He is an alumnus of Cornell University and Harvard Business School and earned an Honorary Doctor of Business Administration from Ohio State University in 2004.
 
When JRD Tata stepped down as the chairperson of Tata Sons in 1991, he named Ratan Tata his successor. Inspite of facing resistance from many companies heads who spent decades in their respective companies, Tata began replacing them by setting a retirement age. He further made it compulsory for each company to report to the group office. Under his leadership, the overlapping companies of Tata Sons were streamlined into a synergized whole. 

 
During his 21 years of stewardship, revenues grew over 40 times, and profit over 50 times. He got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover, and Tata Steel to acquire Corus, turning the organization from a largely India-centric group into a global business. We cannot forget that Tata Nano car is his brainchild. The car was capped at a price that it could be well called India’s aam aadmi car.. 
 
Being a supporter of education, medicine, and rural development, Ratan Tata supported the University of New South Wales Faculty of Engineering to provide improved water for challenged areas. Tata Education and Development Trust endowed a $28 million Tata Scholarship Fund that will allow Cornell University to provide financial aid to undergraduate students from India. Tata Group donated Rs. 950 million to the Indian Institute of Technology, Bombay in 2014 and formed Tata Center for Technology and Design (TCTD). It was the largest ever donation received in the history of the institute. 

Tata Trusts also provided a grant of ₹750 million to the Centre for Neuroscience, the Indian Institute of Science, to study mechanisms underlying the cause of Alzheimer's disease and to evolve methods for its early diagnosis and treatment.
 
Tata Group also formed the MIT Tata Center of Technology and Design at Massachusetts Institute of Technology (MIT) to address the challenges of resource-constrained communities, with an initial focus on India.
 
A recipient of Padma Bhushan and Padma Vibhushan from the Government of India, he has many other awards in his kitty. His death marks a significant loss to India's global business and the world of philanthropy. People tend to think about the big things that men have achieved, but what finally stays back in memories are the small things they do to people around them. Undoubtedly, the world will always remember you, On this note we sign off for now