Ratan Tata, the visionary leader who transformed Tata Sons into one of the most diversified and expansive business conglomerates in the world, has passed away at the age of 86. He died at Breach Candy Hospital in Mumbai following complications from age-related health conditions.
Tata, who was chairman emeritus of Tata Sons, had led the company for over two decades, overseeing its global expansion and making strategic acquisitions that positioned the group as a key player in industries from automobiles to steel. His leadership style was marked by bold decisions, including the notable acquisition of British companies Jaguar Land Rover and Corus Steel.
On Monday, Tata had made a public statement mentioning that he was undergoing routine medical examinations due to his age, but there had been no immediate cause for concern. However, by Wednesday, sources revealed that his condition had worsened, and he was moved to the intensive care unit. His passing marks the end of an era for Indian business, as he was widely respected not only for his professional acumen but also for his philanthropic efforts.
Tata, known for his understated yet decisive leadership, earned immense respect across the globe. Under his stewardship, the Tata group grew to $165 billion in revenue for the year 2023-24. His humanitarian efforts, such as donations towards education, healthcare, and disaster relief, made him a revered figure not only in the corporate world but also among the public at large.