Tata Group has been named as the country’s best known global brand. This honor comes at a time when Ratan Tata hands over the reins to Cyrus Mistry. Ratan Tata has taken this once family owned business to become India’s foremost global brand. The $100 billion Tata Group emerged a winner out of a host of top CEOs and heads of Indian and global companies who were surveyed earlier this month.
This survey was not only conducted in major metros of India but also in London, New York and Singapore. These respondents all laid their bets on Cyrus Mistry being able to take over from Ratan Tata despite constraints in the economy. Ratan Tata has been at the helm for the past 21 years, managing Tata Sons. He will now be stepping down on the 28th of December and has found a capable leader in Cyrus Mistry. Tata Group is diversified into steel, Tata Motors (automobiles), chemicals, telecommunication, IT, food and beverages and the hospitality industry and is well recognised across the globe. Ratan Naval Tata has served as chairman since 1991.
He has been awarded the Padma Bhushan in 2000, Padma Vibhushan in 2008 and Lifetime Achievement Award by the Rockefeller Foundation in 2012. Ratan Tata is a member of the Prime Minister’s Council on Trade and Industry, and member of the advisory board and board of trustees of RAND’s Center for Asia Pacific Policy. He’s an East-West Center board of governor, and member of program board of the Bill & Melinda Gates Foundation’s India AIDS initiative. He’s also a member of the international advisory boards of the Mitsubishi Corporation, the American International Group, JP Morgan Chase and Booz Allen Hamilton. His board of trustees responsibilty also extends to the University of Southern California and Cornell University.Ratan Tata is board member on the Republic of South Africa’s International Investment Council, and a member of the Asia-Pacific advisory committee for the New York Stock Exchange. This part the head honcho is honoured as Knight Commander of the Order of the British Empire (K.B.E.).