Ratan Tata Birth Anniversary: A philanthropist who touched and changed millions of lives

Ratan Tata Birth Anniversary: A philanthropist who touched and changed millions of lives

Businessman-philanthropist Ratan Tata died on October 9, 2024, at a Mumbai hospital, plunging the nation into mourning. Tata was one of the most respected industrialists, and he built a legacy far beyond business. Born on December 28, 1937, the world will commemorate his 87th birth anniversary this year.

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He led the Tata Group from 1990 to 2012 and also served as interim chairman from October 2016 to February 2017. His philanthropic endeavours transformed millions of lives in India and beyond. His commitment to philanthropy and corporate social responsibility was key to his leadership style.

Ratan Tata was also awarded India’s second and third-highest civilian honours—the Padma Bhushan and the Padma Vibhushan, along with many others for his contributions. Tata was deeply involved in multiple charitable initiatives during his life, especially through the Tata Trusts.

His philanthropic activities through Tata Trusts have evolved under his leadership to focus on several social issues and contribute to healthcare, education, rural development, etc.

He made essential contributions to the healthcare sector and supported initiatives that address child health, mental health and others. Tata’s efforts in healthcare have been groundbreaking.

In 2010, Tata Trusts contributed 220 crore to the Tata Medical Center in Kolkata, a state-of-the-art cancer treatment and research centre.

His dedication to innovation and sustainability resulted in significant investments in clean water programs and rural electricity projects. Tata Trusts has also contributed significantly to agricultural research, to improve farmers’ livelihoods throughout the country.

He backed more than 50 startups, including electric vehicle start-up Ola Electric Mobility, Upstox and Paytm, among others. The JN Tata Endowment for Higher Education offers scholarships to Indian students seeking higher education.

After the 2008 Mumbai terror attacks, he founded the Taj Public Service Welfare Trust to help victims and assure the rehabilitation of impacted families. During the pandemic period in 2020, he donated 500 crore to support the country against the deadly virus.

He also loved dogs and Tata Sons’ global headquarters at Bombay House is also home to many strays. He also invested in Goodfellows, a startup that connects senior citizens with young graduates for meaningful bonds.

His philanthropic reach was not only limited to the country. Tata donated $50 million to his alma mater, Harvard Business School, to construct an executive centre. He has been credited with transforming Tata from a mostly Indian-centric organisation into a worldwide business. Under his leadership, the Tata Group’s growth and globalisation drive accelerated.

Tata Group made many acquisitions like Tetley, Corus, Jaguar Land Rover, Brunner Mond, General Chemical Industrial Products and Daewoo. It also bought hotels, chemical companies, communications networks and energy providers across the world.

The company ventured into the automobile sector including the launch of Tata Nano in 2008. These major moves under Tata’s leadership helped the Tata Group to expand its global footprint, providing a significant boost to the Indian industrial sector.

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