India's Tata Steel has won the battle to take over the Anglo-Dutch steelmaker Corus by making a £5.75bn ($11.3bn) bid.
"Tata chairman Ratan Tata is not among the Forbes' list of 40 richest Indians around the world.
His sprawling business empire is no longer the largest among privately-owned Indian groups.
He's not even considered the most powerful businessman in India.
More importantly, there's still a lack of clarity about who'll be his successor after his planned retirement in 2012.
But he's one of the most respected corporate chieftains in India.
And when London-based steelmaker Corus agreed to his takeover bid in October, he had arrived on the global arena.
Aggressive and ambitious
That's a short snapshot of Ratan Tata, 69, who controls the $22bn Tata group, which includes 96 companies manufacturing a range of products from automobiles to watches, steel to fertilisers.
The takeover - the largest by any Indian company - marks yet another transformation in the corporate image of Ratan Tata during his 15 years' stint as the group chairman.
Today, the smooth, suave, and introvert Ratan is being seen as an aggressive and ambitious businessman, whose strategic vision has shifted from local to global."
Excerpt taken from BBC News (http://news.bbc.co.uk) January 31, 2007
BBC NEWS | South Asia | Corus takeover: Who is Ratan Tata?
Tuesday, September 11, 2007
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