Business Icon Ratan Tata Dies
India’s global business icon Ratan Tata died today in Mumbai. He was 86. Earlier reports have emerged on Wednesday evening that the Indian business leader and chairman emeritus of Tata Sons, Ratan Tata, was in critical condition and being treated at a Mumbai hospital.
Late in the night, Tata Sons has confirmed the news that the man who made the conglomerate as one of the leading business houses in the word has died.
“It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation,” Tata Sons said in a statement.
The news of Ratan Tata’s death comes days after the former chairman of one of India’s biggest conglomerates took to social media to address reports circulating in the media surrounding his health. On Monday, dismissing the rumours of him being hospitalised after a drop in blood pressure, the Mr Tata had called the claims “unfounded.”
Ratan Tata, the industrialist and philanthropist, known for his transformative leadership of Tata Group, one of India’s largest and most respected conglomerates. Born on December 28, 1937, in Mumbai, Tata joined the family business in 1962 and took over as Chairman in 1991. During his tenure, he expanded the group’s global footprint, acquiring prominent brands like Jaguar Land Rover and Tetley Tea, and significantly modernised the group’s business practices.
Beyond business, Ratan Tata is renowned for his commitment to philanthropy. The Tata Trusts, which he oversees, contribute significantly to education, healthcare, and rural development in India. He was instrumental in launching the Tata Nano, aimed at making cars affordable for the masses, and his vision for ethical leadership has made him a respected figure globally.
Ratan Tata stepped down as Chairman in 2012 but remains an influential mentor within the Tata Group and a key voice in Indian industry.
”For the Tata Group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide and friend. He inspired by example. With an unwavering commitment to excellence, integrity, and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass,” the statement from the group added.
Tata Sons also added that Mr. Tata’s dedication to philanthropy and the development of society has touched the lives of millions. “From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come. Reinforcing all of this work was Mr. Tata’s genuine humility in every individual interaction,” it said.
“On behalf of the entire Tata family, I extend our deepest condolences to his loved ones. His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed,” N Chandrasekaran, Chairman of Tata Sons said.
Maharashtra Chief Minister Eknath Shinde announced that Ratan Tata will be accorded state funeral.
