With steel as the lynchpin of his global plans, Ratan Tata ensured a dramatic transformation of Tata Steel. By a. paul, s. nahata
Not being a historian and giving a commentary about any event that occurred in the year 1907 would have quite a tardy and drudging exercise, had it not been for a small little company called Tata Steel that was founded in that year. Come to think of it, for a better part of the century, this company remained in the shadows, lacking both hype and lustre, but still retaining its unique identity of being one of the most ethical and people-friendly companies the world had ever seen. But that, as Alice would have wonderously realised, was then... A 101 years later, the same company wins the B&E Most Global Indian Company Award! And the key credit for the same goes indisputably to India’s most global visionary, Ratan Naval Tata!
1962 was the year when this raring-to-go trainee joined the Tata Group! Through the subsequent years, he was shuffled between various companies within the group with the sole objective of making him completely conversant with the group’s operations. But it was perhaps the year 1971, which was the turning point in the history of Tatas, when the 34-year-old Ratan Tata was made the Director-in-Charge of Nelco, a top Tata group company. Exactly twenty years later, in 1991, he was made Chairman in the main holding company, Tata Sons Ltd., and in the other main group companies, namely Tata Consultancy Services, Tata Motors, Tata Teleservices, Tata Power, Indian Hotels and of course, the protagonist of our award, Tata Steel.
Ratan Tata’s visionary thought process has never been below outstanding benchmarks. Even competitors talk high of this head honcho. Aditya Mittal, CFO, Arcelor-Mittal, conversing exclusively with B&E, divulged, “I have great admiration for Mr. Tata. He is an entrepreneur with great vision.” But truly speaking, though Tata Steel has been exporting steel for many of those years (they formed their first structured global export cell way back in 1986), it was only in the past four years that the corporation’s global endeavours have attained noteworthy proportions.
Not being a historian and giving a commentary about any event that occurred in the year 1907 would have quite a tardy and drudging exercise, had it not been for a small little company called Tata Steel that was founded in that year. Come to think of it, for a better part of the century, this company remained in the shadows, lacking both hype and lustre, but still retaining its unique identity of being one of the most ethical and people-friendly companies the world had ever seen. But that, as Alice would have wonderously realised, was then... A 101 years later, the same company wins the B&E Most Global Indian Company Award! And the key credit for the same goes indisputably to India’s most global visionary, Ratan Naval Tata!
1962 was the year when this raring-to-go trainee joined the Tata Group! Through the subsequent years, he was shuffled between various companies within the group with the sole objective of making him completely conversant with the group’s operations. But it was perhaps the year 1971, which was the turning point in the history of Tatas, when the 34-year-old Ratan Tata was made the Director-in-Charge of Nelco, a top Tata group company. Exactly twenty years later, in 1991, he was made Chairman in the main holding company, Tata Sons Ltd., and in the other main group companies, namely Tata Consultancy Services, Tata Motors, Tata Teleservices, Tata Power, Indian Hotels and of course, the protagonist of our award, Tata Steel.
Ratan Tata’s visionary thought process has never been below outstanding benchmarks. Even competitors talk high of this head honcho. Aditya Mittal, CFO, Arcelor-Mittal, conversing exclusively with B&E, divulged, “I have great admiration for Mr. Tata. He is an entrepreneur with great vision.” But truly speaking, though Tata Steel has been exporting steel for many of those years (they formed their first structured global export cell way back in 1986), it was only in the past four years that the corporation’s global endeavours have attained noteworthy proportions.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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