October 16, 2024
Doyen of India Inc, Tata Group’s Ratan Tata Passes Away
National Special Report

Doyen of India Inc, Tata Group’s Ratan Tata Passes Away

Ratan Naval Tata, the Chairman Emeritus of Tata Sons, passed away at the Breach Candy Hospital at the age of 86, following age-related health issues.

Tata was admitted to the hospital on Monday, prompting widespread speculation about his health. He later released a statement indicating that he was undergoing routine medical examinations. Reports later suggested he was placed on life support, although officials from the Tata Group did not confirm these details.

N. Chandrasekaran, Chairman of Tata Sons, expressed profound sorrow at Tata’s passing, stating, “Mr. Ratan Naval Tata was a truly uncommon leader whose immeasurable contributions shaped not only the Tata Group but also the very fabric of our nation. For the Tata Group, Mr. Tata was more than a chairperson; to me, he was a mentor, guide, and friend. His unwavering commitment to excellence, integrity, and innovation expanded the group’s global footprint while remaining true to its moral compass.”

Chandrasekaran highlighted Tata’s philanthropic dedication, stating that his initiatives in education and healthcare have left a lasting impact. “His genuine humility in every interaction reinforced his work,” he added. “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.”

Known for his genteel demeanor and sharp business acumen, Tata served as Chairman of Tata Sons from 1991 until his retirement in 2012. Under his leadership, the group’s revenues grew significantly, reaching over $100 billion in 2011-12.

Throughout his career, Tata held leadership positions in several major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, and Tata Power. He also served on international advisory boards for Mitsubishi Corporation and JP Morgan Chase.

Tata was an influential figure in various organizations, including the Tata Institute of Fundamental Research, and held positions on the boards of Cornell University and the University of Southern California.

Born on December 28, 1937, in Mumbai, Tata joined the Tata Group in 1962 after earning a Bachelor of Architecture from Cornell University. He briefly worked in the U.S. before returning to India, where he gained experience on the shop floor of Tata Steel.

In 1981, he became Chairman of Tata Industries, transforming it into a strategic think tank and a promoter of new ventures in high-technology sectors. After his retirement, he was honored with the title of Chairman Emeritus of multiple Tata entities and remained actively involved with the Tata Trusts, which have become leading philanthropic foundations in India.

In recognition of his contributions, the Indian government awarded Tata the Padma Vibhushan in 2008, among other honors and honorary doctorates from various institutions worldwide.

He is survived by a large family, including siblings Simone Tata, Jimmy Tata, Noel Tata, and many others, according to a family statement.

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