Ratan Tata, Chairman Emeritus of Tata Sons, Dies at 86
Ratan Tata's Life and Legacy
Ratan Tata, the chairman emeritus of Tata Sons, has passed away on Wednesday in a Mumbai hospital. He was undergoing treatment in critical condition and had been in intensive care for the past few days. Ratan Tata, 86, had stated earlier that he was undergoing routine medical investigations related to his age.
Health and Hospitalization
Despite reassurances about his health, Ratan Tata's condition worsened, leading to an outpouring of concern. On Monday, he addressed rumors saying, 'There is no cause for concern. I remain in good spirits.' His hospitalization heightened security at Breach Candy Hospital amidst growing public concern.
Business Impact
Ratan Tata transformed Tata Sons into a global powerhouse since taking over in 1991. Under his leadership, the Tata Group acquired major companies including Tetley and Jaguar Land Rover, amassing a business empire worth over $100 billion. He retired in December 2012, succeeded by Cyrus Mistry, who tragically passed away in 2022.
Condolences and Tributes
Following the news, condolences poured in. Union Defence Minister Rajnath Singh expressed sorrow over Tata's passing, calling him a 'Titan of the Indian industry'. Anand Mahindra remarked, 'Ratan’s life and work have had much to do with our being in this position.'
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.