Indian business titan passes away after brief illness, leaving behind a legacy of innovation and philanthropy
MUMBAI, Oct 10 – Ratan Tata, former chairman of Tata Sons and one of India’s most influential business leaders, died on Wednesday at 86, following a brief illness. Tata had been receiving treatment for age-related health issues at Breach Candy Hospital, where his condition deteriorated. Initially assuring the public that his health was stable, his rapid decline led to his hospitalization in intensive care.
Architect of Global Expansion
Tata’s leadership from 1991 to 2012 reshaped the Tata Group, transforming it into a global industrial powerhouse. Under his stewardship, the group acquired several international companies, most notably Jaguar Land Rover in 2008 and Corus Steel in 2007. These strategic acquisitions helped Tata Motors and Tata Steel become key players on the global stage.
During his tenure, the Tata Group’s revenue surged from $5.8 billion in 1991 to nearly $85 billion by 2011, reflecting a fortyfold growth.
An Ethical Leader and Innovator
Tata was also known for his focus on ethical business practices and corporate governance. His insistence on integrity became a hallmark of the Tata Group, reinforcing its reputation for transparency and trust.
He spearheaded groundbreaking innovations, including the launch of the Tata Nano, which was intended to provide an affordable car for Indian families. Despite the failure of the Nano, Tata Motors grew from strength to strength, and is currently vying with Hyundai India and Mahindra & Mahindra for the no.2 sport in car sales. Elon Musk referred to Ratan Tata as a gentleman and scholar this August.
Tributes Pour In
Prime Minister Narendra Modi paid tribute to Tata, calling him a “visionary” who contributed not only to industry but to India’s social fabric through philanthropy. N Chandrasekaran, Tata’s successor as chairman of Tata Sons, described him as a “mentor and guide,” emphasizing his lasting influence on the company and the nation.
A Legacy of Philanthropy
Beyond business, Ratan Tata was deeply involved in philanthropy through Tata Trusts, focusing on initiatives in education, healthcare, and rural development. His work through the Trusts has impacted millions of lives, particularly in India’s underserved communities.
Tata’s passing marks the end of an era for Indian industry, but his legacy continues through the many enterprises and philanthropic ventures he nurtured.
The post Ratan Tata, Iconic Former Tata Sons Chairman, Dies at 86 first appeared on Cartoq.
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