Ratan Tata is the chairman of the Tata Group, as well as, other major Tata companies, and has a net worth of $1 billion. Ratan Tata has accumulated his net worth through his career at Tata Sons. He started out shoveling limestone and tending to the blast furnace, in Jamshedpur, on the ground floor.
In 1971, he became the Director of NELCO, which was not doing so well, at the time. He was able to up the market share by 23%, but the company quickly began to decline, due to labor issues and the economy. He helped to turn around the Empress Mills, but, because he wasn't allowed the Rs 50 lakh he needed, the company hit bottom, and was shut down in 1986. Since then, Ratan has taken over the position of Tata Industries chairman, after JRD Tata stepped down, in 1981 and has become the group chairman of the Tata group. He was responsible for obtaining many companies, such as Tetley, Land Rover, Corus, and Jacquar. Other major Tata companies include Tata Steel, Tata Motors, Tata Teleservices, The Indian Hotels Company, Tata Power, Tata tea, and Tata Chemicals. Ratan Tata is known for turning Tata into a worldwide success.
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