The brand I’m
referring to is the Tata Group.
Right from the time
we wake up to the time we hit our beds at night, our lives are governed by
brands, but have you ever looked around you and noticed that the Tata Group is
so widespread in its services and products, that it hasn’t left a single stone
unturned.
We wake up to the
sound of an alarm, a titan wall clock probably. We crave our morning tea, and
it’s bound to be Tata Tea. We could drive off to work in our Tata Cars, with a
range so diverse, be it a Nano for an average income person or a Landrover for
the luxury-lovers. Lunch and Dinner could be at a Taj Hotel, another venture by
the Tata’s or grab a quick bite at a Starbucks, yet another Tata Alliance.
Distance becomes merely a matter of moments, with Vistara, a luxurious yet an
affordable air-carrier. Laying the foundation of India’s infrastructure, Tata
Steel and Tata Chemicals play a very significant role.
This is precisely how
important the Tata Empire is. It’s unfair to call it a brand when what it
really is, is a Big Family, looking after our country, its people and
its economy.
If the Tata’s are so
ubiquitous, then why isn’t Ratan Tata richer than the Ambani’s?
If the Tata group has
spread its tentacles in every field and every corner of the world, then why are
their assets perceived to be far less than those of the Ambani’s?
Here’s why Ratan
Tata doesn’t make it to the list of the richest:
Ratan Tata, the
former chairperson of the Tata conglomerate of 30 companies having a market cap
of $232 Billion, is not just a businessman evaluating the balance sheet,
seeking to pocket large profits.
There’s more to this
man, the values ingrained in the conglomerate and non-other than the values he,
himself, stands by. The values of integrity, ethics, morals and most
importantly the principle on which the Tata Empire was built, the principle of
giving back to the society and the nation.
The reason why Ratan
Tata doesn’t top the Forbes list of the richest business people is because he
isn’t one.
He’s not a
businessman, he’s more of an industrialist and much more of a Philanthropist.
With a vision to make
India a happier country and not necessarily an economic superpower, the
founding fathers of the Tata group as well as Sir Ratan Tata have devoted a
lifetime to several noble causes.
The Tata Trusts
Sir Ratan Tata’s
charitable organization believes in distributing the profits they get, back to
people.
Tata Trusts, owns a
66% stake in the Tata Group, while Ratan Tata himself owns a meagre 0.8%.
If he were to keep
the 66%, his net worth would be $138 Billion today and he would be the 4th
richest man in the world.
Without the donations
and the charitable trusts, Ratan Tata would even be much ahead of Bill Gates.
But he never let his
net worth cross even $1 Billion because he never meant to keep the profits for
his superfluous needs. He’d rather use those profits for the greater good.
The Ambani Empire
The fame and
popularity of the Ambani empire is limited to their services, products and the
provision of low-cost, easily available technological services mainly JIO.
But little do we hear
about the philanthropy of this so-called mega empire.
The founders, Mukesh
Ambani and Anil Ambani haven’t had it easy in life, they’ve had to face
hardships to become the business tycoons they are. But, unlike the Tata’s their
main focus lies of the profitability of their businesses.
Baring a few noble
causes like the Reliance Hospital, the Ambani’s aren’t heavily involved in
charitable institutions, which is why a majority of their profits go to the
founders, which adds to their net worth.
With all profits
pocketed, there’s little or nothing left to be distributed for the greater
good.
This is exactly what
puts Mukesh Ambani right at the top of the Forbes List, whereas Ratan Tata
barely makes the cut.
Take-away
The Tata’s with their
philanthropy have touched so many lives, provided so much employment and
treated each and every person as an integral part of this global family.
The Tata empire is a
prime example of how people value ethic over profits and believe in
philanthropy being the road to making a country happier place which undoubtedly
would lead to economic, social, and political progress.
” Profits can only do so much as to satisfy your
greed,
The real heroism lies in donating it for the greater
deed,
For everyone to equally succeed,
A happier nation is then indeed guaranteed”
Written By- Tushna
Choksey
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