Ratan Tata, 78, is the chariman of Tata Sons (Tata Group's holding company) for an interim term of four months from October 24, 2016 when the company's board removed Cyrus Mistry from the top job. Earlier, he chaired the conglomerate from 1991 to 2012.
Ratan Tata, who led the group into some notable acquisitions, starting from Tetley for $450 million in 2000, to steelmaker Corus in 2007 and the landmark Jaguar Land Rover in 2008 for $2.3 billion.
During Ratan Tata's earlier tenure, the group's revenues grew manifold, totalling $100.09 billion (around Rs 475,721 crore) in 2011-12 from a turnover of a mere Rs 10,000 crore in 1991.
The veteran industrialist retired on December 29, 2012, when he turned 75 and Cyrus Mistry was appointed as his successor. But he returned in 2016 to replace Mistry.
Recipient of Padma Bhushan in 2000 and Padma Vibhushan in 2008, Ratan Tata continues to head the main two Tata trusts Sir Dorabji Tata Trust and Sir Ratan Tata Trust and their allied Trusts, with a combined stake of 66% in Tata Sons.
LAST UPDATED : Sep 19, 2020, 12:32 PM IST
- Cyrus Mistry family flags 'underperformance' at Tata Sons AGM
The bitter tussle between the Tatas and ousted chairman Cyrus Mistry came to fore at the annual general meeting of Tata Sons, as the two sides traded allegations and counter-allegations over the management of $110 billion salt-to-software group.
- Tata education trust’s charity in US not income: ITAT
Tata Education and Development Trust (TEDT), set up by Ratan Tata in 2008, has obtained a favourable order from the Income Tax Appellate Tribunal (ITAT - Mumbai bench). Donations made by the trust outside India to US-based universities Cornell and Harvard will be treated as an application of income by the trust.
- Killing of elephant: Ratan Tata calls it 'meditated murder'
Industrialist Ratan Tata on Wednesday compared the killing of a pregnant elephant in Kerala to a "meditated murder", and sought justice for the animal. The elephant was allegedly fed a pineapple with firecrackers inside leading to her death in Silent Valley Forest on May 27. The firecrackers exploded in her mouth when she chomped on the fruit.
- Not a two-group company, have no 'quasi-partnership' with Cyrus Investments Pvt Ltd: Tata Sons to SC
The Tata Sons Pvt Ltd (TSPL) said this in an affidavit filed in the apex court while responding to the cross-appeal filed by Cyrus Investments Pvt Ltd seeking removal of alleged anomalies in NCLAT order for getting representation on the TSPL's board in proportion to the stake held by his family.
- Ratan Tata invests in pharma startup Generic Aadhaar
Ratan Tata has invested an undisclosed amount in a 17-yr-old kid's pharma start-up Generic Aadhaar, in his personal capacity. Generic Aadhaar was founded by the Thane kid, Arjun Deshpande, in April 2019, when he was 16. It supplies quality generic drugs from reputed manufacturers at up to 80% lesser cost and other medicines 20-30% cheaper.
- Tata Trusts may place Noel on Tata Sons board
Tata Trusts is considering appointing chairman Ratan Tata’s half-brother and trustee Noel Tata on the board of Tata Sons, in which the foundation is the controlling shareholder. Speculation over Noel’s induction has intensified with Trusts planning to expand its nominees on the board of the company. Currently, Trusts has just one representative on the board of Tata Sons —Venu Srinivasan, who is the vice-chairman of the foundation.
- Covid-19: Ratan Tata hopes entrepreneurs will create new benchmarks of tomorrow
Veteran industrialist Ratan Tata on Monday said the coronavirus pandemic will force entrepreneurs to adapt, create and find ways to enable new or modified enterprises that would be benchmarks of tomorrow. "I hope that the ability to find another way to build a product, run a company, run operations a better way, will emerge as an outcome of the current crisis," he said.
- Tata Group not looking to monetise investments, has enough cash, says chairman N Chandrasekaran
The $111 billion Tata Group is not looking to monetise investments to raise capital and has enough cash to support group firms, its chairman N Chandrasekaran said on Friday as he sought to scotch speculations about the impact of Covid-19 pandemic on the group's business. Tata Sons issued a statement to "dispel the recent unfounded rumours" about the group.
- Tata Trusts pledges Rs 500 crore to fight Covid-19
Tata Sons chairman emeritus Ratan Tata on Saturday announced a commitment of Rs 500 crore to protect and empower communities affected by the deadly coronavirus. The fund will be utilised for providing personal protective equipment for the medical personnel, respiratory systems, testing kits, setting up treatment facilities and training of health care workers.
- 'Almost got married' after college, says Ratan Tata
Tata Sons chairman emeritus Ratan Tata talking about his personal life said that he "fell in love and almost got married" after college. Speaking to 'Humans of Bombay' on Facebook, Ratan Tata credited his grandmother for teaching him to retain dignity at all costs. The 82-year-old business magnate also talked about the differences he had with his father.
- Cyrus Mistry questions Tata Group performance; says group's loss at Rs 13,000 crore in 2019
Cyrus Mistry, who was unceremoniously removed as the chairman of Tata Sons alleging non-performance, in an affidavit to the Supreme Court on Friday said the Tata Group had an adjusted net loss of Rs 13,000 crore in 2019 -- the worst losses in three decades.
- Touching gesture: Narayana Murthy seeks Ratan Tata's blessings, touches his feet
It was a sight to behold at the TiECon (The Indus Entrepreneurs) Mumbai 2020 event on Tuesday when Infosys co-founder N R Narayana Murthy seeked blessings from Tata Sons chairman emeritus Ratan Tata by touching his feet.
- Ratan Tata’s former executive assistant is Tata Trusts’ 1st CEO
This is the first time that the Trusts has created the CEO post. Srinath is currently managing director of Tata Teleservices. The 57-year-old is the second executive assistant of Ratan Tata to head the country’s largest public philanthropic foundation after R Venkataramanan, who exited amid a controversy.
- Ratan Tata moves SC against NCLAT order reinstating Cyrus Mistry as Tata Sons chairman
Ratan Tata on Friday filed a petition in the Supreme Court seeking to quash a company law appellate court order directing Tata Sons to rehire the chairman it had fired in 2016, saying the judgment was "wrong, erroneous and contrary to the record of the case".
- Nusli Wadia withdraws defamation cases against Ratan Tata, others
Bombay Dyeing chairman Nusli Wadia withdrew all defamation cases -- including the Rs 3,000 crore suit -- against Tata group chairman emeritus Ratan Tata and others. Wadia had filed a criminal defamation case against Ratan Tata and other directors of Tata Sons in 2016 after he was voted out of the board of some Tata Group companies.
- No intent to defame: Tata; Nusli Wadia drops suits
Tata Sons chairman emeritus Ratan Tata’s conciliatory statement that he had “no intention to defame” industrialist Nusli Wadia saw the latter agree before the Supreme Court on Monday to drop civil and criminal defamation cases he had filed against Tata three years ago.
- Settle feud, Supreme Court tells Ratan Tata, Nusli Wadia
A last-minute threat from businessman Nusli Wadia's counsel on Monday to pursue a civil defamation case against Tata Sons chairman emeritus Ratan Tata put paid to the efforts of the Supreme Court for an amicable settlement of criminal defamation proceedings initiated by Wadia against Tata.
- Ratan Tata too in SC against Mistry order: ‘He lacked leadership’
Tata Sons chairman emeritus Ratan Tata on Friday moved the Supreme Court seeking “complete setting aside” of the judgment of National Company Law Appellate Tribunal (NCLAT), which had directed Cyrus Mistry’s reinstatement as executive chairman and termed his removal “illegal”.
- SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The Supreme Court on Friday issued notice to Tata Sons Pvt Ltd (TSPL) and others on a cross-appeal filed by Cyrus Mistry and his firm seeking removal of anomalies in the NCLAT order for getting representation on the TSPL board in proportion to the stake held by his family.
- Ratan Tata joins Instagram 'after long absence from public life'
Ratan Tata, chairman emeritus of Tata Sons, joined Instagram on Wednesday "after a long absence from public life". Tata, one of the world's most influential business magnate, is not an active social media user. The veteran industrialist took to his Twitter handle to announce his debut on Instagram with a screenshot of his search handle 'ratantata'.
- Not interested in returning as Tata chief, says Cyrus Mistry
Cyrus Mistry, who was reinstated as chairman of Tata Sons and director of TCS, Tata Teleservices and Tata Industries by the National Company Law Appellate Tribunal, said on Sunday he was not interested in returning to these positions. He, however, said he would seek a seat on the board of Tata Sons for improving transparency in the holding company of the Tata Group.
- Tatas, Mistrys ready for next battle
Tata Sons on Wednesday said it would soon move the Supreme Court challenging the National Company Law Appellate Tribunal’s (NCLAT) order quashing removal of Cyrus Pallonji Mistry as executive chairman of Tata Sons in October 2016. “Though we are deeply disappointed, we are going to take recourse to all legal processes, including moving SC, to challenge its correctness.”
- Victory for principles of good governance, minority shareholder rights: Cyrus Mistry on NCLAT verdict
Ousted Tata Sons chairman Cyrus Mistry on Wednesday termed the NCLAT judgement to reinstate him at the helm of the company as "victory for the principles of good governance & minority shareholder rights". Mistry, in a statement, said that it was now time that "all of us work together for sustainable growth & development of Tata Group, an institution that we all cherish."
- NCLAT gave Cyrus Mistry relief never sought, says SC, stays order
CJI Bobde said, "There appears to be a basic flaw in the NCLAT order reinstating Mistry as executive chairman of Tata Sons as that relief was never sought. " Cyrus Mistry was removed as executive chairman of Tata Sons on October 24, 2016, nearly four years after his appointment. Of the eight directors, seven voted for his ouster while one abstained.
- Tata Motors to hive off passenger vehicles unit
The move is a precursor to bring in a strategic partner in the loss-making passenger vehicles unit to secure its future. Tata Motors’s passenger vehicles business has been hit by weak sales and production disruptions amid an economic slowdown and the coronavirus pandemic.
- Court rules out century-old Tata rule
The company law appellate tribunal on Wednesday, in one stroke, reversed the Tata Sons’ recent ‘private company’ status back to ‘public’ and significantly put a clamp on use of a century-old ‘article’ that allows its majority shareholders to force the minority to sell their shares.