Ratan Tata, the chairman emeritus of Tata Sons and an iconic industrialist who helped build one of India’s largest and most influential conglomerates, passed away at a Mumbai hospital on Thursday. He was 86.
He was admitted to the Breach Candy Hospital in south Mumbai for age-related ailments a few days ago, PTI reported earlier.
In a media statement, Tata Sons chairman N Chandrasekaran bid farewell to Ratan Tata and said that his contributions shaped the very fabric of India.
“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,” Chandrasekaran said.
He said that the Tata Group expanded its global footprint under Ratan Tata’s stewardship.
“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.
“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,” that Tata chairman said.
He said that Ratan Tata’s legacy will continue to inspire the group as it strives to uphold the principles he so passionately championed.
Prime Minister Narendra Modi condoled the demise of Ratan Tata and called him a “visionary business leader, a compassionate soul and an extraordinary human being.”
“One of the most unique aspects of Shri Ratan Tata Ji was his passion towards dreaming big and giving back. He was at the forefront of championing causes like education, healthcare, sanitation, animal welfare to name a few,” the Prime Minister said.
On October 7, Ratan Tata put out a statement that he was undergoing routine medical investigations related to his age and health concerns, adding that he was in good spirits and there was no cause for alarm.
Tata’s remarkable journey began when he took the reins of the diversified group, which spans industries from automobiles to steel, in 1991.
He founded Tata Teleservices in 1996 and guided Tata Consultancy Services through its public listing in 2004, marking a significant milestone for the company.
After stepping down in 2012, he was honoured with the title of chairman emeritus for various Tata companies, including Tata Sons, Tata Industries, Tata Motors, Tata Steel, and Tata Chemicals, solidifying his legacy as a titan of Indian industry.
In 2008, he was honoured with Padma Vibhushan, the second highest civilian honour in India. He received the Padma Bhushan, the third highest civilian honour, in 2000.
Sir Ratan Tata – the philanthropist
Sir Ratan Tata, a prominent Indian industrialist and philanthropist, leads a life characterized by simplicity, humility, and dedication to social causes. Despite his immense wealth and influence as the former chairman of Tata Sons, he maintains a low-profile, modest lifestyle, focusing on meaningful contributions rather than luxury. Ratan Tata lives in a simple sea-facing home in Mumbai, avoiding ostentation, and is known for his preference for solitude and a quiet personal life.
An avid car enthusiast, he enjoys driving and has a collection of classic cars, yet he remains deeply committed to philanthropy. Through the Tata Trusts, he has spearheaded initiatives in healthcare, education, and rural development, among others. He is also an advocate for innovation, particularly in young entrepreneurs. His life reflects a balance between business success and a strong ethical foundation, prioritizing societal betterment over personal gain.