Ratan Tata to Discuss Nano to Marital Status

(Corrects story first published July 1 to clarify the series is written by Nikkei and is not a memoir by Ratan Tata. Adds company comment in fourth paragraph.)

Ratan Tata, who steered India’s biggest industrial group for two decades, will discuss everything from mergers to his private life in stories based on interviews with the industrialist, according to a Japanese newspaper.

The 76-year-old businessman told the Nikkei newspaper that stepping down in December 2012 as chairman of the Tata Group had given him a chance to reflect.

“It will be the first time for me to recount the joys and sadness that I experienced behind the scenes” at the helm of the salt-to-software group, the Nikkei quoted Tata as saying.

The column, written in the first person as Tata’s personal recollections, appeared in the Japanese language edition of the newspaper. An employee of the publication is writing the story based on interviews conducted over a year, the Nikkei said in an e-mailed response to questions. The series isn’t a memoir, Tata Sons Ltd. said in an e-mailed statement.

Upcoming segments over the next month would reveal details about “mergers and acquisitions, new vehicle developments, labor disputes, assassination, terrorism, organizational reforms, power politics, fraud and selection of a successor,” according to the Nikkei.

Photographer: Chris Ratcliffe/Bloomberg

Ratan Tata, chairman emeritus of Tata Sons Ltd. Close

Ratan Tata, chairman emeritus of Tata Sons Ltd.

Close
Open
Photographer: Chris Ratcliffe/Bloomberg

Ratan Tata, chairman emeritus of Tata Sons Ltd.

Buying out companies and starting new businesses helped boost revenue 17-fold during his tenure, according to the Nikkei. Tata Motors Ltd. (TTMT) purchased Jaguar Land Rover for $2.3 billion in 2008, and a year later, introduced the Nano, the world’s cheapest car. Those decisions were part of an effort to globalize and “think big,” according to the Nikkei.

“I also plan to confess to everything about my private life, including why I joined the Tata Group even though I wasn’t interested in managing businesses and why I’ve remained single,” the Nikkei quoted Tata as saying.

Tata decided to recount his life after regretting a veil of mystery that he’d created with his aversion to interviews and public speaking, according to the Nikkei.

To contact the reporters on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net; Takahiko Hyuga in Tokyo at thyuga@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Sam Nagarajan

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.