Ratan Tata invests in Goodfellows (2024)

On August 16, businessman Ratan Tata revealed his interest in the senior dating firm Goodfellows, which was launched by Shantanu Naidu, a manager in his office.

Goodfellows, a paid service created to connect older residents with recent graduates, has finished its beta phase in Pune during the previous six months. Now, the business wants to expand its offerings in Mumbai, Chennai, and Bengaluru.

The relationships that Goodfellows has forged between the two generations are very significant and are assisting India in addressing a significant societal issue. The 84-year-old Tata stated, "I hope the investment helps the young team at Goodfellows thrive."

The organization said that the young graduates it has been recruiting have undergone screening for empathetic tendencies and a propensity towards the elderly. The selection of the top candidates who can interact with the clients in a "genuine and meaningful way" is the goal of the screening procedure, it was underlined.

According to a press release, the Goodfellows business strategy is a "freemium subscription model," with the first month of the services being free and a minor membership price starting in the second month.

The business claimed to also host monthly social gatherings where clients could "meet other clients and other young grads, fostering a feeling of community."

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Ratan Tata invests in Goodfellows (2024)

FAQs

What is the cost of Goodfellows Tata? ›

The business model of Goodfellows is a freemium subscription. The first month is free with only the goal of having the Grandpal experience this service. From the second month onward, the company charges Rs 5,000 as the base subscription fees per month.

What is the conclusion of Ratan Tata? ›

Conclusion: Ratan Tata's tenure as the leader of the Tata Group stands as a beacon of exemplary leadership. His visionary perspective, commitment to ethical governance, and dedication to societal impact have set a high standard for corporate leaders worldwide.

Who is the founder of Goodfellows? ›

Who is Shantanu Naidu: The founder of Goodfellows and Ratan Tata's 30-year-old manager; know more about his journey, start-up, and net worth.

What is Goodfellows' startup? ›

We are the Goodfellows

We believe in providing more than just a service, but rather, a meaningful experience for our beloved Grandpals. Our mission is simple - to create a space where our Grandpals feel comfortable, listened to, and cared for as if they were a part of our own family.

What is Ratan Tata's net worth? ›

What is Ratan Tata's net worth? In the IIFL Wealth Hurun India Rich List 2022, Ratan Tata was ranked 421st with a net worth of ₹3,800 crore. Previously, in 2021, he held the 433rd position with a net worth of ₹3,500 crore.

Who is richest, Tata or Ambani? ›

Mukesh Ambani, Founder and chairman of Reliance Industries is a net worth of $75.8 billion making him one of the richest man is the world. Ratan Tatas ,chairman emeritus of Tata sons, who is a net worth of $1 billion and whose company's net worth is $105 billion.

Who is the heir of Ratan Tata? ›

Meet Leah, Maya, and Neville Tata — the three heirs to the Tata Group who are currently being groomed under Ratan Tata's leadership. Ratan Tata is one of the most prominent industrialists in the country and is well-known for transforming Tata Sons, a multinational conglomerate, into a global powerhouse.

Is Ratan Tata a successful person? ›

After his studies, he joined the Tata Group and eventually became its chairman. Under his leadership, the Tata Group has become one of the most successful conglomerates in India, with a turnover of $100 billion. The group has a presence in over 100 countries and employs over 700,000 people.

Does Ratan Tata have a son? ›

Tata has never married and has no children.

Who owns Tata now? ›

Tata Sons is the principal investment holding company and promoter of Tata companies. 66% of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture.

Who owns most shares of Tata? ›

About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The biggest two of these trusts are the Sir Dorabji Tata Trust and Sir Ratan Tata Trust.

How does Goodfellows make money? ›

The business model of Goodfellows is a freemium subscription model. The first month is free with only the goal of having the Grandpal experience this service. The second month onward is a small subscription fee that has been decided based on the limited affordability of pensioners.

What does goodfellow mean? ›

noun. a friendly and pleasant person.

Who is the owner of Goodfellow? ›

David Alan Goodfellow owns the most shares of Goodfellow Inc. (TSE:GDL).

How much does Tata Group cost? ›

Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries. There are 29 publicly listed Tata Group companies with a combined market capitalisation of ₹31.6 trillion (US$382 billion) as of 8 March 2024.

What is good fellows company by Tata? ›

Goodfellows was launched by Shantanu Naidu in September 2022, a general manager working in Ratan Tata's office. The Cornell University-educated Naidu recognised a gap when he realised that senior citizens undergo loneliness and are in need of companionship.

What is Good Fellows by Shantanu Naidu? ›

Entrepreneur Shantanu Naidu, general manager in the office of Ratan Tata, chairman emeritus of Tata Sons, has founded Goodfellows — a start-up that provides meaningful companionship to seniors through the fellows, their 'grandpals'.

What do goodfellows do? ›

Companionship for Daily tasks

Our Goodfellows make excellent shopping companions. Or let your Goodfellow accompany you to the doctor's clinic. It is always good to have someone in the waiting room.

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