Veteran Indian businessman and Chairman Emeritus of the Tata Group, Ratan Tata, 86, passed away late on Wednesday night. Due to prolonged illness, he was undergoing treatment at Breach Candy Hospital in Mumbai for the past few days.
“It is with great sadness that we bid farewell to Mr. Ratan Naval Tata, a truly extraordinary leader whose contribution was invaluable and shaped not only the Tata Group but the country itself,” Tata Sons Chairman N. Chandrasekaran said in an emotional statement in some cases.
However, Mr. Tata was more than just a leader of the Tata Group. He was my friend, mentor and mentor. And above all, integrity and accomplishments are the pillars of his leadership. Under his leadership, the Tata Group has grown internationally while remaining true to its ethical principles, Chandrasekaran continued.
Noting that Tata’s contribution to education and health had touched the lives of millions of people, he emphasized Tata’s deep commitment to philanthropy and added that his legacy would pass on has helped generations.
After Ratan Tata’s death was announced, tributes started pouring in. Paying tributes, Prime Minister Narendra Modi described him as “an extraordinary man, a kind soul and a visionary business leader”.
He devotedly ran one of India’s largest companies, but his influence went far beyond the boardroom. He is loved by many for his generosity, humility and dedication to social justice, PM Modi said.
Congress MP from Maharashtra Rahul Gandhi also extended his sympathies, hailing Tata as a visionary whose influence can be felt in both financial and philanthropic fields.
Architect of Tata Group’s Global Growth
Ratan Tata’s bold leadership and timely acquisitions helped the Tata Group become a major player on the world stage. After graduating from Cornell University in 1962 with an architecture degree, he returned to India to work in the family business. During his career he shaped important Tata companies such as Tata Steel and Motors and revived the National Radio and Electronics Company
In 1991, India was on the brink of economic recovery when he succeeded JRD Tata. Implementing organizational changes in succession planning, attracting young people and consolidating corporate control is one of his first tasks
The impressive global growth of the business, including historic acquisitions like Tetley T (2000), Corus Steel (2007), Jaguar Land Rover (2008), are among the many achievements of the Tata business one of its brilliant designs The brilliant Nano was also created with the aim of reducing costs
In 2008, Ratan Tata received the Padma Vibhushan, India’s second highest civilian award, in recognition of his achievements. He also received the Rockefeller Foundation’s Lifetime Achievement Award and was awarded the Knight Grand Cross, the most distinguished order of the British Empire.
Future generations will be inspired by Ratan Tata’s unique legacy of philanthropy, leadership and productivity.
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