Ratan Tata a businessman, and philanthropist plays a vital role in transforming several struggling companies and making them into global success stories. Tata can only do this as he has a lot more experience compared to any other industrialist. Ratan Tata has achieved many milestones including elevating the Tata group to unprecedented heights. Under his leadership, Tata Group not only strengthened to grow globally but expanded the business and influenced many people with their work.
Many companies are struggling with the losses and are going through a major crisis. Later on with the leadership of Ratan Tata, Tata Group bought them and transformed them in such a way that they became global success. only the Tata group can do this. With a lot more experience these businesses were on the verge of bankruptcy, but Ratan Tata not only rescued them but played a major role in transforming their business.
Companies Revived Under The Leadership Of Ratan Tata
The man who changed the lives of the seven businesses and revived men in the industry.
1. Land Rover And Jaguar Acquisition
In 1999, Tata Motors was struggling with the first car Tata Indica, which was not performing well. Foreign brands were dominating the Indian market. This is a big challenge and he decided to sell Tata Motors and Bill Ford, the CEO of Ford. During the meeting, Ford insulted Tata saying they were giving Tata a fever by considering the purchase, and Ratan Tata walked away without making any deal with him.
However, in 2008 during the US financial crisis, Ford itself was in trouble and Ratan Tata saw an opportunity. Ratan Tata acquired Land Rover and Jaguar from Ford Ford for $2.3 billion and today both brands are synonymous with luxury and prestige.
2. Big Basket
In 2021, when Big Basket was struggling to generate a substantial amount of profit, Tata Group acquired it. Tata digital subsidiary of Tata Group bought Big Basket for a valuation of $2 billion. Under his leadership, Big Basket quickly became popular and became India’s largest online grocery company.
3. Air India
We all know about Air India, perhaps one of the most significant deals under Ratan Tata‘s leadership was Air India which happened in 2021. Air India was originally founded by Ratan Tata’s uncle JRD Tata, but was nationalized by the government. After 19 years, Tata Sons re-quired the state-owned airline, bringing it back under Tata Group. This is a dealbreaker for Ratan Tata and Tata Group.
4. Daewoo Commercial Vehicle
In 2004, Ratan Tata made a landmark deal by acquiring South Korea’s company for $102 million. The company was struggling at that time but after the acquisition, it became more profitable. This deal helped Tata Motors to expand in South Korea and hold its position in the commercial vehicle sector.
5. Tata 1mg
The other business in the list is related to the healthcare sector. Tata Group also ventures into healthcare by acquiring 1mg. It was an online healthcare platform. 1G was known for providing medicines online, but after the Tata acquisition, the company expanded its services to include Doctor’s consultations and other healthcare facilities. It has rapidly captured the online healthcare market.
6. The Tetley Tea Deal
To expand the business in the tea industry, Ratan Tata acquired tea in the year 2000 for $431.3 million. Over the years Tetley has become one of the luxurious brands under Tata Tea, significantly strengthening Tata’s presence in the global team market.
7. Corus Steel
Corus Group is the second-largest steel producer in Europe and the 8th largest in the world. It was a significant deal that was made by Ratan Tata. It was a challenging situation when Ratan Tata made a bold move of offering 11.3 billion dollars to acquire Corus Steel. The company agreed in 2012 and became a part of Tata Group today. It is one of the major steel producer suppliers not only in Europe but across the globe.
These acquisitions under the leadership of Ratan Tata are now globally recognized brands, through some strategic acquisitions and bold decisions Ratan Tata again showed what businessmen can do.
Follow Us: Facebook | Instagram | X |
Youtube | Pinterest | Google News |
Entertales is on YouTube; click here to subscribe for the latest videos and updates.