(Image source from: x.com/RNTata2000)
Ratan Tata, a prominent figure in India's largest business group, Tata Sons, has passed away at the age of 86. Just recently, he had addressed speculation about his health, explaining that he was undergoing routine medical examinations due to his age. Tata Sons' Chairman, N Chandrasekaran, announced Tata's death in a late-night statement, praising his unwavering dedication to excellence, integrity, and innovation. Chandrasekaran described Tata as more than just a chairman, calling him a mentor, guide, and friend who inspired through his example. Tata's leadership allowed the Tata Group to expand globally while remaining true to its moral principles. Chandrasekaran also highlighted Tata's significant contributions to philanthropy, particularly in the areas of education and healthcare, which will benefit generations to come. The news of Tata's passing has prompted an outpouring of tributes from the industry and beyond.
Prime Minister Narendra Modi praised the industrialist as a kind-hearted person and an exceptional individual. Ratan Tata became the leader of the $100 billion conglomerate in 1991 and managed the group founded by his great-grandfather over a century ago until 2012. He established the telecommunications company Tata Teleservices in 1996 and made the IT company Tata Consultancy Services public in 2004. In 2004, the Tata Group, an Indian company, acquired the iconic British car brands Jaguar and Land Rover, reversing the colonial relationship. In 2009, Ratan Tata fulfilled his promise to make the world's most affordable car, the Tata Nano, available to the middle class. He served as the Chairperson of the Tata Group twice, from 1991 to 2012 and from 2016 to 2017. Even after stepping back from the company's day-to-day operations, he continued to lead its charitable trusts. Cyrus Mistry, who succeeded Ratan Tata as the chairman of Tata Sons but was later dismissed in a high-profile boardroom coup, died in a car accident in 2022. The bitter feud between the two remained unresolved.
After retiring, Ratan Tata remained a prominent figure, actively involved in social media and animal welfare causes. He continued the Tata family's tradition of providing shelter for stray dogs at the company's headquarters. With millions of followers on social media, Tata was recognized as the most followed entrepreneur in India. Despite his success, Tata's personal life had some ups and downs, as he came close to marriage on several occasions but was unable to settle down. In recognition of his contributions, he was awarded India's second-highest civilian honor, the Padma Vibhushan, in 2008. Tata Group's largest shareholder is Parsee businessman Pallonji Shapoorji Mistry, who owns an 18% stake worth 5 billion pounds. Noel, Mistry's son-in-law, is also Ratan Tata's half-brother.
Here are some of the condolence messages from top celebrities, politicians and businessmen:
Narendra Modi: Shri Ratan Tata Ji was a visionary business leader, a compassionate soul and an extraordinary human being. He provided stable leadership to one of India's oldest and most prestigious business houses. At the same time, his contribution went far beyond the boardroom. He endeared himself to several people thanks to his humility, kindness and an unwavering commitment to making our society better.
Rahul Gandhi: Ratan Tata was a man with a vision. He has left a lasting mark on both business and philanthropy. My condolences to his family and the Tata community.
Gautam Adani: India has lost a giant, a visionary who redefined modern India's path. Ratan Tata wasn't just a business leader - he embodied the spirit of India with integrity, compassion and an unwavering commitment to the greater good. Legends like him never fade away. Om Shanti.
Anand Mahindra: I am unable to accept the absence of Ratan Tata. India's economy stands on the cusp of a historic leap forward. And Ratan's life and work have had much to do with our being in this position. Hence, his mentorship and guidance at this point in time would have been invaluable. With him gone, all we can do is to commit to emulating his example. Because he was a businessman for whom financial wealth and success was most useful when it was put to the service of the global community.
Mukesh Ambani: It is a very sad day for India and India Inc. Ratan Tata's passing away is a big loss, not just to the Tata Group, but to every Indian. At a personal level, the passing of Ratan Tata has filled me with immense grief as I lost a dear friend," he said, adding interactions with him.
Kiran Mazumdar Shaw: This is a picture I will cherish forever. Such a great man and a great mind. Blessed to have known him. Om Shanthi.
Google CEO Sundar Pichai: He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better. Deep condolences to his loved ones and Rest in Peace Shri Ratan Tata Ji.