Business
INDIA’S GOT A GEM!
If you ever feel like you have lack of adjectives to describe any person, you can assume he is none other than Mr.Ratan Tata.
Don’t believe in taking right decisions, I take decisions and make them right.-Ratan Tata
We couldn’t keep count on how many decisions he made and got it right with his never ending spirit and a perfect attitude towards life and business. And we have got a proof how he mastered the art of decision making.
- During the 21 years he led the Tata Group, revenues grew over 40 times, and profit, over 50 times.
- He got –
- Tata tea to acquire Tetley
- Tata motors to acquire Jaguar Land Rover
- Tata steel to acquire Corus.
Power and wealth are not two of my main stakes. -Ratan Tata
Businesses need to go
beyond the interests of
their companies to the
communities they serve.- Ratan Tata
Mr.Ratan Tata is philanthropist, that tells us how he has seen beyond wealth and power and how strong his beliefs are.
- Tata Group of companies and Tata charities donated $50 million for the construction of an executive center at Harvard’s Business School.
- Tata Education and Development Trust, endowed a $28 million Tata Scholarship Fund that will allow undergraduate students to perceive education regardless of their financial condition at Cornell University.
- Tata Consultancy Services gave largest ever donation to Carnegie Mellon University for research in autonomous vehicles and cognitive systems
- Tata Center for Technology and Design (TCTD) gave IIT Bombay over Rs.950 million to develop design and engineering principles suited to the needs of people and communities with limited resources which was the largest ever donation received in its history.
- They formed the MIT Tata Center of Technology and Design at MIT Massachusetts with a mission to address the challenges of resource-constrained communities, with an initial focus on India
“If you want to walk fast, walk alone. But if you want to walk far, walk together.”_ Ratan Tata
Walking together has always been the mantra. This teamwork, passion and dedication resulted Tata manufacturing the first ever indigenous car INDICA and cheapest car in the world NANO.
All of us do not have equal talents.
Yet, all of us have an equal opportunity
To develop our talents. -Ratan Tata
Equal opportunity to develop our talents. It can’t get more motivational. Everytime you listen or read about this man you will get inspired to do something new and the courage will follow.
Take the stones people throw at you and use them to build a monument. -Ratan Tata
This exactly justifies the situations Tata group went through.
In 1999, Ford told Tata group ‘you do not know anything, why did you start the passenger car division at all’ when they went to sell them the fledgling car business.
And the circumstances turned around in 2008, Tata surely built a monument or may I say the next wonder in sectors of India!
In 2008, Chairman Bill Ford thanked Tata and said Tata is doing them a big favour by buying JLR.
The COVID 19 crisis is one of the toughest challenges we will face as a race. The Tata Trusts and the Tata group companies have in the past risen to the needs of the nation. At this moment, the need of the hour is greater than any other time.
And yet again he became largest Indian donor of 500 crore Rupees and helping India in battling the crisis . Also the Taj group of hotels started by late Tata ji sent meals to corona warriors and won our hearts.
India has surely got a gem that we adore and respect for all our lives!RELATED
Adar Poonawala biography
Adar Poonawalla (born 14 January 1981) is the chief executive officer (CEO) and executive director of Serum Institute of India. Founded in 1966 by his father, Dr. Cyrus Poonawalla, it is the world’s largest vaccine manufacturer by number of doses produced.Adar is an alma mater of the prestigious Cathedral & John Connon School of Mumbai as well as the University of Westminster.He resides at a 50+ acre home in Koregaon Park, Pune
Aadhar Poonawalla joined Serum Institute in 2001 after graduating from the University of Westminster in London. Then exporting its products to 35 countries, Poonawalla concentrated on the company’s international market and getting new products licensed and pre-qualified by the World Health Organization for supply to United Nations Agencies including UNICEF and PAHO. As of 2015, the company exports its products to over 140 countries; 85 percent of its revenues are from overseas.
In 2011, he became the CEO of Serum Institute of India with full control of day-to-day operations of the company. In 2012 he played a major role in the acquisition of Bilthoven Biologicals a Netherlands-based government vaccine manufacturing company. Poonawalla is a board member of the GAVI Alliance, the global Vaccine Alliance.
He initiated and launched in 2014 Serum Institute’s oral polio vaccine, which went on to become a bestseller for the company and every year plans to launch a new vaccines for public health starting from 2017. In 2014, it was reported that he planned to expand the product portfolio to include vaccines for dengue, flu and cervical cancer.
In 2013 he hosted Charles, Prince of Wales and The Duchess of Cornwall during a private visit to Serum Institute’s manufacturing facility in India.
In 2016, he was selected by Economic Times as business leader under the age of 40.
He was also listed by GQ magazine as one of the 50 most influential young Indians and was awarded philanthropist of the year 2016.
On 7 January 2016 he launched www.adarpcleancity.com, a city-wide initiative where he committed and spent 20 million dollars to clean up the city of Pune using hundreds of trucks, Glutton machines and bins across the city under his personal management and dedicated team.
With the rising number of cases due to COVID-19 the Indian Economy has been on a rollercoaster ride.
According to a UN report India’s growth rate projected to slow to 1.2% in 2020. Our Finance Minister Nirmala Sitharaman recently released a statement saying that our economy is in the right direction. All the international rating agencies like Moodies, Goldman Sachs have reduced India’s growth rate forecast. But our government says that
they have fine tuned everything. Unemployment is on all time high.
As per CMIE’s data, the monthly unemployment rate in April
stood at 23.52%, up from March’s 8.74%.Former RBI governor Raghuram Rajan has been saying it time and
again that government needs to pay attention to the Indian
economy. But has the India government done enough?
The economic impact of the 2020 coronavirus pandemic in India has been largely disruptive. India’s growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic
effect on the Indian economy. Notably India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has “magnified pre-existing risks to India’s economic outlook”Unemployment rose from 6.7% on 15 March to 26% on 19 April and then back down to pre-lockdown levels by mid-June.
During the lockdown, an estimated
14 crore (140 million) people lost employment while salaries were cut for many others.More than 45% of
households across the nation have reported an income drop as compared to the previous year.
The Indian economy was expected to lose over ₹32,000
crore(US$4.5 billion) every day during the first 21-days of
complete lockdown, which was declared following the
coronavirus outbreak. Under complete lockdown, less than a quarter of India’s $2.8 trillion economic movement
was functional. Up to 53% of businesses in the country
were projected to be significantly affected.
Supply chains have been put under stress with the lockdown restrictions
in place; initially, there was a lack of clarity in streamlining what an “essential” is and what is not.
Those in the informal sectors and daily wage groups have been at the most risk.[10]
A large number of farmers around the country who grow perishables also faced uncertainty.
The facts are right in front of us. All we need to see is what do we really develop ? Do we need false sense of hope and false promises or do we need concrete results. Every citizen should be aware of the economy and the growth a country is looking forward to.
