Success Rules by Ratan Tata | Iconic Business Leader |

by Darpan Sachdeva

Ratan Naval Tata is an Indian industrialist, Business leader, investor, philanthropist and a former chairman of Tata Sons. He was also chairman of Tata Group, from 1990 to 2012, and again, as interim chairman, from October 2016 through February 2017, and continues to head its charitable trusts.

With his great entrepreneurial efforts and a marvelous business strategies and endeavours he has brought the Tata Group to global collaborations.

With my profound admiration and deep gratitude for the Tata family and the entire group, I firmly believe that Mr. Ratan Tata will forever be a legendary figure and a source of inspiration for entrepreneurs around the world, both now and in the future. The Success Rules by Ratan Tata are priceless.

The Video below is a tribute to the great man. We know him by his vision, ideas, Entrepreneurship skills, Quotes, Business strategies, Philosophy, ethics. Success rules by Ratan Tata and his motivational speech would inspire us every time. He has been honoured with Padam Bhushan and Padam Vibhushan, Indian national awards for his service.

Here are a few key takeaways for entrepreneurs from an interview with Mr. Ratan Tata at the launch of the seed program, Kstart, on February 5th, 2016.

If you were a 26-year-old entrepreneur of today-Success Rules by Ratan Tata

Ideas come when you see a problem. Find problems to solve and then put time, energy and efforts to create ventures out of these thoughts or ideas.

In the very limited time that I have been associated with startups, I have heard ideas which I thought would never work. However, those ideas have gone ahead and done fairly well. I realized I am on the learning curve of understanding what young intelligent people around me can do.

Principles on which companies should be formed.

It is exciting if your idea can change the way people live, think or sustain themselves. For me, partly due to my involvement in philanthropy, I am particularly excited when an idea can, in addition, make a positive difference.

What qualities should one look for in an investor?

One looks for investors who have a similar sort of excitement and passion for what one is trying to do. Collaborate with an investor who is not only willing to risk his money but also participates in the journey of the entrepreneur, and use his contacts, mentorship etc. to make the entrepreneur’s vision work in the real world.

Growth v/s profitability, how does one find the equilibrium?

There is no single formula or proven science behind this. In the last few years, I have seen companies grow at rates that I never thought would be possible. The next question then is, can these growth rates be sustained. I think it should be about how you want your vision to be implemented and then closely monitor the progress at each stage.

Importance of creating a personal brand for a startup CEO

I think it is a personal choice to build your brand inseparable from a company, some people do it while others don’t.

Many founders believe that communicating too much gives away their competitive advantage. However, an active system of communication with all stakeholders is a great plus. Successful CEOs do it religiously. It is important to know that “how the world sees you is a result of how well you communicate”.

Celebrating success and defining moments-Success Rules by Ratan Tata

There have been several successful moments in my journey. But the one moment under the sun that clearly stands out for me was the launch of the Tata Nano. The idea came when I saw a family going on a scooter on a rainy day. They met with an accident and were lying on the road. That got me thinking about how to make a two-wheeler safe — which in turn led to the concept of making an affordable four-wheeler. Tata Nano is a result of that thought.

We put together a team to design and manufacture the car at a price point that was extremely affordable. We launched it at the auto expo in Delhi. It was a spectacular event.

One thing you wish you had known at 26

As a young employee at Jamshedpur, I went to my bosses with a lot of ideas, but often I wouldn’t be heard and would be told to continue doing what I was doing. In such situations, I yearned for an environment where one would be heard when one had an idea. Maybe, I did not know how to frame my question or idea. I think how you communicate is something you wish you could have done better when you were young.

Success Rules by Ratan Tata and his inspirations

• JRD Tata: who left his mark on the industry in India; was a tremendous mentor to me
• Henry Schacht: Former chairman and CEO of Cummins Diesel inspired me a lot. I learnt a lot from him.
• Amar Bose, who formed the Bose Corporation. He and I became very close. We spent a lot of time exchanging ideas.

Darpan Sachdeva is the CEO and Founder of Nobelthoughts.com. Driven by a profound dedication to Entrepreneurship, Self-development, and Success over an extended period, Darpan initiated his website with the aim of enlightening and motivating individuals globally who share similar aspirations. His mission is to encourage like-minded individuals to consistently pursue success, irrespective of their circumstances, perpetually moving forward, maintaining resilience, and extracting valuable lessons from every challenge.