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Mahesh

25/04/23 13:53 PM IST

Ratan Tata awarded Australia's highest civilian honour

In News
  • The business tycoon, Ratan Tata, a name that is also known for philanthropy and humanity has been conferred with Australia’s highest civilian honour.
Why this Honour?
  • The 85-year-old played a critical role in the 2022 India-Australia Economic Cooperation and Trade Agreement, while Tata Consultancy Services (TCS) reportedly employs the biggest Australian workforce of any Indian firm with about 17,000 employees.
  • The honour comes a month after the business magnate was appointed as an Honorary Officer in the General Division of the Order of Australia (AO) for his service to fostering Indo-Aus ties, specifically in trade, investment, and philanthropy.
  • Ratan Tata is also a 2008 recipient of India’s second-highest civilian award, the Padma Vibhushan.
Tata Group
  • Tata Group is India’s multinational conglomerate headquartered in Mumbai and is known to Indians for generations.
  • The name Tata itself is synonymous with the Indian industry. This company is also known and recognised worldwide.
  • With more than 900,000 employees working in different sectors of the Tata Group, it is India’s third largest employer after the Indian Railways and Indian Defence Forces.
  • The founder of the Tata Group, Jamsetji Tata is often referred to as the ‘father of Indian industry’. 
  • In 1945, when management as a discipline was not fully developed even in Western countries, the Tatas set up Tata Industries, the first technocratic structure in Indian business.
  • In 1981, Tata Chemicals became one of the first companies in India to provide employee stock options.
  • In 1952, Tatas started the Lakme brand of cosmetics as an outcome of a request from Prime Minster Jawaharlal Nehru’s office.
Source- Indian Express

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