Business luminary Ratan Tata bids adieu at 86

On Wednesday, 9 October 2024, veteran industrialist and chairman emeritus of Tata Sons - Ratan Naval Tata, passed away at the age of 86 at Breach Candy Hospital in Mumbai. After several days in intensive care due to age-related health concerns, his condition had worsened. Earlier this week, routine medical tests had prompted his hospital admission, leading to public concern.

Mr. Tata on Monday took to his social media to address the growing speculation, assuring everyone that his health evaluations were "routine" and that there was "no cause for concern." He emphasized that he remained in "good spirits" and urged the media to avoid spreading false information. Unfortunately, his health deteriorated in the following days.

In an official statement, N Chandrasekaran, chairman of Tata Sons, expressed deep sorrow on behalf of the Tata Group. He paid tribute to Tata as an exceptional leader who not only transformed the company but also played a pivotal role in shaping India’s growth.

"He was much more than a chairman to us—he was a mentor, guide, and dear friend. His leadership was marked by integrity, excellence, and a deep sense of purpose. Under his guidance, Tata Group grew into a global powerhouse while staying rooted in its ethical foundations,” Chandrasekaran remarked.

He also highlighted Tata's extraordinary commitment to philanthropy, particularly in the fields of education and healthcare, which has positively impacted countless lives. Chandrasekaran emphasized Tata’s humility and the personal warmth that characterized his leadership.

On behalf of the Tata family, Chandrasekaran extended his condolences to Tata’s loved ones, underscoring that his legacy of dedication to societal good would continue to inspire the group’s future endeavors. Tata’s immense contributions to the business world and society will forever be remembered as a testament to his visionary leadership and compassion.

Born on 28 December 1937, Ratan Tata transformed the Tata Group into a global powerhouse. Raised by his grandmother, he was instilled with strong values. After studying engineering and architecture, Tata joined Tata Industries in 1962, eventually leading the group from 1991 and driving international growth with key acquisitions like Jaguar Land Rover and Tetley Tea.

Known for his humility and focus on ethics, Tata prioritized social responsibility through philanthropy in education and healthcare. His leadership earned him accolades like the Padma Bhushan (2008) and Padma Vibhushan (2020), making him a globally influential figure who reshaped Indian business and inspired future entrepreneurs.