5 Business Lessons from Ratan Tata You Can Apply to Your Own Company

Ratan Tata, the man who built one of India's most iconic companies, is now the chairman emeritus of Tata Sons. He was credited with turning around the company he took over from his predecessor and then expanding it into a global powerhouse. His retirement letter to employees reveals his secrets to success — and we think they're something we could all learn from. Whether you're running your start-up or managing a team in a larger organization, these five lessons will help you navigate the business world.

Before we get started, let's look at Ratan Tata's life story and explore his motivational journey,

Early years and childhood of Ratan Tata

The Tata Group, one of India's wealthiest corporate families that contributed to the country's industrialization following independence,  Ratan Tata was born in 1937 in Mumbai. He studied architecture and structural engineering at Cornell University in the United States before obtaining a management degree from Harvard University.

Although he would eventually become the chairman of the Tata Group, he started off as a blue-collar worker at the Tata Steel Division. When the National Radio and Electronics Company Limited (NELCO) was in need of a revival in 1971, he was appointed Director-in-Charge and revived it.

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