Why Ratan Tata is the Sachin Tendulkar of India Inc
Finance Minister P Chidambaram has compared industrialist Ratan Tata with Sachin Tendulkar, saying men like that never retire. Mr Chidambaram was speaking at an event in Mumbai, where he presented Mr Tata with the first CII President's award. Mr Tata, who stepped down as the chairman of Tata Group in December 2012, is the chairman emeritus of the over $100 billion group.
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Finance Minister P. Chidambaram has compared industrialist Ratan Tata with Sachin Tendulkar, saying men like that never retire. Mr Chidambaram was speaking at an event in Mumbai, where he presented Mr Tata with the first CII President's award. Mr Tata, who stepped down as the chairman of Tata Group in December 2012, is the chairman emeritus of the over $100 billion group. We take you on a journey of the Ratan Tata's achievements.
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Ratan Tata, who helmed the Tata group for 21 years, is credited with transforming the group through bold decisions including large global acquisitions, even as some of its peers struggled to stay relevant post economic liberalization. During his 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.
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Ratan Tata spearheaded the acquisition of overseas companies such as Tetley, Jaguar Land Rover and Corus, and has effectively transformed the group from an India-centric business conglomerate to a Rs 4,75,000 crore-plus multinational business enterprise that draws about 60 per cent of its revenues from abroad.
