Ratan Tata, Chairman Emeritus of Tata Sons, passed away on Wednesday at a hospital in Mumbai, where he had been receiving critical care for the past few days.
Tata Group in a message by Tata Sons chairman N Chandrasekaran confirmed the death of Ratan Tata.
Tata Group in its official X account wrote, “It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommonleader whose immeasurable contribution have shaped not only the Tata Group but also the fabric of our nation.”
The 86-year-old industrialist was initially admitted for routine medical evaluations related to his age and health conditions but his condition worsened, leading to his passing.
Earlier in the week, reports of his hospitalization had raised concerns, but Tata had reassured the public, stating that he was in “good spirits” and undergoing routine checkups. On Monday, he addressed the rumors on social media, asking people to avoid spreading misinformation and assuring there was no cause for alarm.
Ratan Tata was a towering figure in Indian industry. He took over as chairman of Tata Sons in 1991 and transformed the Tata Group from a primarily domestic entity into a global conglomerate through strategic acquisitions, including Tetley, Corus, and Jaguar Land Rover. Under his leadership, the company grew into a global business empire valued at over $100 billion.
Tata retired from his role as chairman in December 2012, passing the baton to Cyrus Mistry, who tragically died in a car accident in 2022.
Chaiperson of RPG Group Harsh Goenka updating about Ratan Tata’s death on X wrote, “The clock has stopped ticking. the Titan passes away. #RatanTata was a beacon of integrity, ethical leadership and philanthropy, who was imprinted an indelible mark on the world of business and beyond. he will forever soar high in our memories. RIP.”