Ratan Tata was a kind hearted industialist who believed in giving back to his community. He once said, "Businesses need to go beyond the interest of their companies to the communities they serve."
Veteran industrialist Ratan Tata passed away on October 9. The whole nation is mourning the death of the beloved philanthropist and former chairman of Tata Sons. He was 86 years old and was admitted to Mumbai's Breach Candy hospital in severe state.
Even though Ratan Tata had a massive net worth of over Rs 3800 crore and controlled more than 30 companies across 100 countries, he led a simple and unpretentious life. The Tata Trusts, who own two thirds of Tata Sons, received the assets left by the chairman of the Tata Group. About 60% of Tata Sons' dividends go toward supporting charity causes.
Ratan Tata was a kind hearted industialist who believed in serving his community. He once said, "Businesses need to go beyond the interest of their companies to the communities they serve."
Here, let's take a look at some of the life lessons one can learn from a legend like Ratan Tata to lead a successful and grand life while also being a simple man.
The absence of Ratan Tata's parents, who divorced when he was just ten years old, defined his early years. Tata, who was brought up by his grandmother, refused to let the emotional setbacks to dictate his course in life. Rather, he ascended to become an industry legend and lead the Tata Group to unprecedented levels of success. His life shows us that even in the most trying circumstances, it is possible to overcome suffering.
In order to encourage Indian students attending Cornell University, Tata Trusts established a scholarship fund of Rs 235 crore and donated Rs 75 crore to the Indian Institute of Science for research on Alzheimer's disease. Additionally, he generously donated Rs 500 crore to the fight against the COVID-19 pandemic in 2020.
He created the Tata Nano after realizing that many Indian families yearned for inexpensive mobility but were unable to pay the premium rates of luxury vehicles. For many families, the Nano was their first chance to buy a car. In an attempt to lower the cost of high-quality automobiles for the Indian market, Tata also unveiled the Tata Indica, the country's first truly domestic automobile.
Throughout his life, there were many touching instances where Ratan Tata's humility was evident. He flew from Mumbai to Pune in 2021 to see a former colleague who had been ill for two years. A footage of him pulling into the Taj Hotel in a Tata Nano without bodyguards went viral in May 2022.
Ratan Tata was a great lover of animals, especially dogs. The Small Animal Hospital in Mumbai was his last project, and it opened on July 1. This modern, Rs 165-crore facility is more than 98,000 square feet in size. It is well known that Tata Sons' Bombay House headquarters takes in a number of stray dogs.
In 2018, Ratan Tata turned down an invitation to Buckingham Palace to accept the UK Royal Family's Lifetime Achievement Award. He did this to take care of his ill dog.
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