|Ratan Tata, chairman of Tata Sons, was made an honorary fellow of the London School of Economics and Political Science today [Thursday 12 July].|
Honorary fellowships are awarded by LSE each year to people who have
attained distinction in the arts, science, or public life, or who have rendered outstanding services to the School or its concerns.
Professor Lord Desai, of LSE's Centre for the Study of Global Governance, read the oration for Mr Tata at the ceremony, held in London's Peacock Theatre. The ceremony also marked the graduation of around 250 management, law and international relations students.
Professor Desai said: 'We honour Ratan Tata for his manifold achievements in the fields of entrepreneurship, industrial leadership, building up the knowledge economy in India and, in the larger international context, his work for charity and his humanity. Tata is an iconic name in India and now, thanks to Ratan Tata's efforts, around the world. He took over Tata Sons and has enhanced the efficiency and economic influence of that century-old firm by innovations and managerial reforms, while continuing to build on the Tata tradition of investing in education.'
Ratan Tata said: 'I am greatly honoured to receive this prestigious
recognition from the London School of Economics. Over the years, LSE has graduated economists and policy makers who have played an important part in influencing policy and governance of many developing countries. This honorary fellowship from the LSE is an honour that I value greatly.'
The Tata Group has always supported higher education in India and abroad.
LSE has long-standing connections with the Tata group. These include:
|* The gift to LSE founders Sidney and Beatrice Webb in 1912 by the Sir Ratan Tata Foundation, which made the development of applied social |
studies possible. The bequest was renewed in 1996 into Sir Ratan Tata
post-doctoral Fellowship. The Sir Ratan Tata Trust is also supporting five
master's scholarships for Indian students to study at LSE in 2007.
* The Jamsetji Tata Trust in 2007 widened the horizon of TATA-LSE
relationship in the context of global integration of knowledge and cutting
edge social research, through supporting research collaboration between
LSE and the Tata Institute of Social Sciences , an institution originally
established by Sir Dorbaji Tata Trust in 1936.
Ratan N Tata has been chairman of Tata Sons, the holding company of the Tata Group, since 1991. He is also the chairman of major Tata companies including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Tea, Tata Chemicals, Indian Hotels, Tata Teleservices and Tata AutoComp. During his tenure, the Group's revenues have grown over eight-fold to nearly Rs 130,000 crores ($28.8 billion).
Mr Tata joined the Tata Group in December 1962. After serving in various companies, he was appointed the director-in-charge of the National Radio and Electronics Company Limited (NELCO) in 1971. In 1981, he was named chairman of Tata Industries, the Group's other holding company. He is also chairman of two of the largest private sector promoted philanthropic trusts in India. Mr Tata is associated with various organisations in India and abroad, among others, India's Investment Commission, the National Manufacturing Competitiveness Council, the International Advisory Council of Singapore's Economic Development Board, the Asia-Pacific Advisory Committee to the Board of Directors of the New York Stock Exchange, the international advisory board of the Mitsubishi Corporation, the American International Group, JP Morgan Chase, and Rolls Royce. He also serves on the boards of Fiat SpA and Alcoa.
Mr Tata is president of the Court of the Indian Institute of Science and
chairman of the Council of Management of the Tata Institute of Fundamental Research. He is also a member of the Global Business Council on HIV/AIDS and the Programme Board of the Bill and Melinda Gates Foundation's India AIDS Initiative. Mr Tata received a BSc in architecture with structural engineering from Cornell University in 1962.
He worked briefly with Jones and Emmons in Los Angeles, California before returning to India in late 1962. He completed the Advanced Management Program at Harvard Business school in 1975.
Five presentation ceremonies have been held at LSE on Thursday 12 and
Friday 13 July. These are graduation events for around 1,200 undergraduate and graduate students from around. Others to arrive honorary awards during the 2007 ceremonies included Professor Kenneth Binmore, a fellow of the Centre for Philosophy at LSE and a Visiting Professor of Economics at the University of Bristol; Victor Dahdaleh, an LSE governor for eight years; the Hon Mr Justice Ribeiro, a Permanent Judge of the Hong Kong Court of Final Appeal; and Saw Swee Hock, Professorial Fellow at the Institute of Southeast Asian Studies (2003-) and member of the board of trustees, National University of Singapore (2006-).