Named Business Man of the Year for Asia by Forbes in 2004, Tata serves on the board of the Ford Foundation and the program board of the Bill & Melinda Gates Foundation's India AIDS initiative.
As Chairman of Tata Group, India's largest and most diversified industrial house, Ratan N Tata presides over a sweeping business and philanthropic landscape.
Tata Group operates more than 80 companies ranging from software and automobiles to steel, consumer goods and telecommunications. With 200,000 employees across India, it is the nation's largest private employer.
Tata Group is also unique in that nearly two thirds of the equity of the parent firm, Tata Sons Ltd., is held by philanthropic trusts endowed by Sir Dorabji Tata and Sir Ratan Tata. These multipurpose trusts, chaired by Ratan N. Tata, include two of the earliest and largest private grantmaking organizations in India. Through these trusts, Tata Sons gives away on average between 8 to 14 percent of its net profit every year.
The TATA group restructuring involved various steps such as building Tata Brand, Reviving its managerial recruitment and retaining practices (through,reviving TAS), changing the portfolio of business lines, and most importantly making the group more cohesive and controllable.
An increase in the cross holding structure of group companies combined structure s provided a mechanism for the TATA group to control firms within the group without necessarily having significant equity investment. We found that the group has indeed achieved higher control.
Tata looks at innovation as a strategic approach to global growth and has adopted a three-pronged strategy to encourage it.
The three key drivers are better communication and recognition of innovative ideas and efforts; facilities for learning from other companies; and support for collaborative research and partnerships with academic institutions.
Communication and recognition a number of initiatives have been launched to spread the message of innovation and recognise innovators:Tata Group Innovation Forum (TGIF):
The role of TGIF members is to assist their companies in experimenting with ideas, propagate the relevant ones and spread them through the enterprise.
Mergers and Acquisitions 2000 Tata Tea acquires The Tetley Group Ltd., UK 2001 TATA-AIG marks the Tata re-entry into insurance. 2005 Tata Steel acquires Singapore-based steel company NatSteel by subscribing to 100 per cent equity of its subsidiary. 2007 Tata Steel purchased a 100% stake in the Corus group at 608 pence share in all cash deal. 2009 TRF acquires UK-based Hewitt Robins International.