Legendary Indian industrialist, Ratan Tata died at 86
With his passing, Ratan Tata, the former chairman of Tata Sons, left a lasting legacy for both India and the world of business. The country, which held the visionary industrialist in high regard, was shocked to learn of his passing on Wednesday night. At 86 years old, Tata’s legendary legacy turned the Tata Group from a reputable Indian conglomerate into a major player on the international stage, irreversibly altering the face of Indian business.
On Monday, Tata, who oversaw the company for more than 20 years from 1991 to 2012, was brought into Mumbai’s Breach Candy Hospital for a slew of check-ups. He tried to reassure the public in a statement issued soon after social media users began to share news about his hospitalization, adding, “There is no cause for concern.” I am still in a fantastic mood.
However, by Wednesday, things had gotten serious, leading to a loss that would be felt deeply throughout India and beyond. “We part ways with Mr. Ratan Naval Tata, an incredible leader whose vision has changed the Tata Group and the country, with deep sadness. He was more than simply the chair; he was a friend, mentor, and advisor. Under his leadership, the Tata Group grew internationally while staying true to its core values of innovation, excellence, and integrity. Millions of people were impacted by his commitment to philanthropy, which had a long-lasting effect on fields including healthcare and education. His sincere modesty in every conversation will be recalled. We offer our sincere condolences to his loved ones on behalf of the Tata family, and his legacy will live on.
Tata Sons chairman N Chandrasekaran stated in a statement, “On behalf of the Tata family, we extend our deepest condolences to his loved ones, and his legacy will continue to inspire us.” With his death, an era has come to an end; he left behind a legacy of resiliency, development, and unrivaled vision.
Ratan Tata, the great-grandson of Tata Group founder Jamsetji Tata, was born on December 28, 1937, into the prestigious Tata family. After relocating to the US, he finished his early schooling in Mumbai and graduated from Cornell University with a degree in architecture in 1962. In 1975, he subsequently enrolled in Harvard Business School’s Advanced Management Program.
In 1962, after completing his education, Tata joined Tata Steel back in India. Tata succeeded JRD Tata as chairman of Tata Sons, the Tata Group’s parent company, in 1991. As chairman from 1991 to 2012, he oversaw the Tata Group’s expansion into new markets through product launches and acquisitions of foreign businesses. Among his noteworthy accomplishments was the 2007 acquisition of Corus Steel, which made Tata Steel a global leader in the steel industry. Similar to this, Tata Motors became a major force in the premium car industry after acquiring Jaguar Land Rover in 2008. In 2008, Ratan Tata led the initiative for the introduction of the Tata Nano.
In 2004, Tata also went public with Tata Consultancy Services (TCS), the company’s cash cow. TCS expanded to become one of the biggest IT services firms in the world under his direction, and he was instrumental in making India known as a hub for global IT. Ratan Tata was named chairman emeritus of Tata Sons, Tata Motors, Tata Steel, and Tata Chemicals upon his resignation as chairman of Tata Sons in 2012.
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