Publishing giant HarperCollins has secured worldwide rights to publish the authorized biography of industrialist Ratan Tata. According to a sources-based report from Livemint, the book is written by former bureaucrat Thomas Mathew and will feature untold stories from Tata’s childhood, her college days, and her early influences in life.
Tata had previously approved the publication of her biography by the IAS officer who previously wrote books like The Winged Wonders of Rashtrapati Bhavanand Abode Under the Dome. While writing the biography, Matthew accessed Tata’s private documents, photographs and correspondence in the past. a few years. The biography would also unveil such events as the development of the world’s cheapest car, Tata Nano, and the controversial exit of former Tata Sons chairman Cyrus Mistry in 2016.
The winning bid which was over Rs 2 core will give HarperCollins the worldwide rights to the print, ebook and audiobook format of the biography. However, the OTT rights to the book remain with the original author.
Matthew will initially only receive the amount of the publisher’s advance for the rights to the book. However, as the company recovers the proceeds from the sale of the books, Matthew will begin to receive a percentage of the sales as royalties. Royalties are expected to be between 5 and 15 percent. Official confirmation of the agreement is awaited.
This is not the first time that a book based on the Tata Group or the people who run their businesses has been published. Earlier in June of last year, Penguin Random House India published a collection of inspirational stories from the Tata group titled #TataStories. The stories were compiled by the company’s trademark custodian, Harish Bhat.
The publishing house followed #TataStories with another book on the Tata family titled The Tata Story: 1868-2021. Written by Irish-American businessman Peter Casey, the book followed the group’s journey. Auntie and family over the past century and a half. The book unveiled many fascinating examples of family life.
Founded by Jamsetji Tata in 1868, Tata Group today comprises 30 companies in ten verticals with a combined net worth of nearly Rs 18 trillion.
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