“Ratan Tata, Iconic Business Leader, Passes Away at 86”
Veteran industrialist and Tata Group Chairman Emeritus, Ratan Tata, passed away at the age of 86 on Wednesday. He had been admitted to Mumbai's Breach Candy Hospital after a sudden drop in blood pressure and was in critical condition. His death was announced by the Tata family, who expressed gratitude for the outpouring of love and respect, saying his legacy of humility and generosity will inspire future generations.
Tata will be accorded a state funeral, with Maharashtra Chief Minister Eknath Shinde praising his leadership, particularly during the 2008 terror attacks, when Tata's iconic Taj Hotel was one of the main targets. His calm and resilient response to the crisis became a hallmark of his leadership.
The public is invited to pay their respects on Thursday at the National Centre for Performing Arts (NCPA) Lawns in South Mumbai. His final rites will take place at the Worli Crematorium later in the day.
A Visionary Leader
Ratan Tata led Tata Sons, the holding company of the salt-to-software conglomerate, from 1991 to 2012. Under his leadership, the Tata Group expanded globally, acquiring iconic brands like Tetley, Corus, and Jaguar Land Rover. His tenure transformed the group into a global powerhouse, with revenues reaching over $100 billion by 2012.
Known for his integrity, innovation, and commitment to philanthropy, Tata was celebrated not only for his business acumen but also for his dedication to improving society. His work in education, healthcare, and social causes left a lasting impact, with 66% of Tata Sons' equity devoted to charitable trusts supporting these initiatives.
A Legacy of Philanthropy
Ratan Tata continued the philanthropic legacy of the Tata family, earning global recognition for his contributions to society. He played a key role in establishing institutions such as the Indian Institute of Science (IISc), the Tata Institute of Social Sciences (TISS), and Tata Memorial Hospital, which focuses on cancer care. Despite his vast influence, Tata remained humble and dedicated to serving the greater good, earning the Padma Bhushan and Padma Vibhushan awards.
Leaders from across the world expressed their condolences, with Prime Minister Narendra Modi and President Droupadi Murmu praising Tata for his blend of corporate excellence and nation-building. "Shri Ratan Tata was not only a visionary leader but also a compassionate soul who made our society better," Modi remarked.
Tata’s death marks the end of an era for Indian industry, but his legacy as a pioneer in both business and philanthropy will continue to inspire generations to come.