Word: ratan
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...wouldn't expect the head of Tata group, India's largest conglomerate, to say the rich are boring. But Ratan Tata comes close. Acting rich doesn't interest him. "I've never had the desire to own a yacht, to flaunt," he says. "It's not really [the point]." Nor does the Prada-wearing class excite him as a marketing opportunity. China and India, with their growing ranks of tycoons, should attract multinational businesses not because of the spare million in a few fat wallets, he argues, but because of the spare change in a billion slim ones. "Everyone...
...business (Tata Tea); Asia's largest software firm (Tata Consultancy Services); a steel giant (Tata Steel); a worldwide hotel chain (Indian Hotels); and a sprawling vehicle-manufacturing arm (Tata Motors) that includes a bicycle factory in Zambia and a project to make a car selling for $2,200. Since Ratan Tata became chairman in 1991, he has multiplied Tata group revenues seven times to an annual $21.7 billion. Since 2000, the group's market value has jumped 14 times to $39.9 billion. And over the past six years Tata has been on a $1.9 billion acquisition spree that has netted...
...Deputy, Administration); Chief Political Correspondent: Michael Kramer Washington Contributing Editor: Hugh Sidey Senior Correspondents: David Aikman, Jonathan Beaty, Sandra Burton, Richard Hornik, J. Madeleine Nash, Bruce van Voorst, Jack E. White Washington: Dan Goodgame, Ann Blackman, Margaret Carlson, James Carney, Michael Duffy, Julie Johnson, J.F.O. McAllister, Jay Peterzell, Suneel Ratan, Elaine Shannon, Dick Thompson, Adam Zagorin, Melissa August New York: Janice C. Simpson, Edward Barnes, John F. Dickerson Boston: Sam Allis Chicago: Jon D. Hull, Elizabeth Taylor Detroit: William McWhirter Atlanta: Michael Riley Houston: Richard Woodbury Miami: Cathy Booth Los Angeles: Jordan Bonfante, Jeanne McDowell, Sylvester Monroe, Jeffrey Ressner, James...
...heads Trent, the group's retail unit, which had $27 million in revenue last year--a tiny share of the conglomerate's overall $11.2 billion revenue. But Noel has the right dynastic connections to take over the group, founded by an ancestor in the 19th century. His half brother Ratan is now chairman, and father-in-law Pallonji Mistry is one of the largest shareholders...
Noel's managerial record is good. Since taking over Trent in 1999, he has expanded its chain of Westside retail stores, which stock perfume, crockery and Westside's brand of upmarket clothing. Sales were up 33% last year, helping his case as unofficial front runner to succeed Ratan in 2008. Noel was also recently appointed to the boards of Titan, the Tata watchmaking unit, and Voltas, an air-conditioning giant...