Ratan Tata, the legendary Indian business tycoon and former chairman of Tata Group, passes away at the age of 86 in Mumbai’s Breach Candy Hospital.
A Legacy of Leadership and Accomplishments
Ratan Tata took the reins of the Tata Group in 1991, following his uncle JRD Tata. He steered India’s largest conglomerate to unprecedented global recognition. Among his notable accomplishments were several high-profile acquisitions:
- In 2000, Tata bought British tea company Tetley for $432 million.
- In 2007, the company acquired the Anglo-Dutch steelmaker Corus for $13 billion, marking one of India’s biggest global takeovers.
- In 2008, Tata Motors made headlines again by purchasing Jaguar and Land Rover from Ford for $2.3 billion.
Tata’s impact stretched far beyond business. He was instrumental in developing India’s first indigenously built car, the Tata Indica, and the Nano, envisioned as the world’s cheapest car. Although the Nano didn’t achieve commercial success, Tata’s drive to make cars affordable for Indians remained a landmark effort in the country’s automotive history.
News of Tata’s death prompted an outpouring of grief from political leaders, business icons, and celebrities. Prime Minister Narendra Modi described Tata as “a visionary business leader, a compassionate soul, and an extraordinary human being.” Business magnate Mukesh Ambani hailed Tata for his contributions to society, and Tamil Nadu’s Chief Minister, MK Stalin, reflected on the loss of a “giant.”
Despite his success, Tata was known for his humility and deep love for animals, especially dogs. He was awarded the Padma Vibhushan, India’s second-highest civilian honor, in 2008 for his exceptional service in trade and industry.
The Maharashtra state government declared a day of mourning, and Tata’s last rites will be performed with full state honors. His passing marks the end of an era, but his legacy as a visionary leader and philanthropist will continue to inspire generations.