Ratan Tata, chairman of Tata Group, passes away
The chairman emeritus of one of India’s largest conglomerates, Tata Sons, Ratan Tata, died on Wednesday. He was 86.
The 86-year-old industrialist who was in a very serious condition in a Mumbai hospital succumbed to death.
Tata Sons chairman N Chandrasekaran said in a statement that Ratan Tata passed away and he was ‘friend, mentor and guide’, rolled into one.
“It would be impossible not to mention that in our extensive search for an adequate word to describe Mr. Ratan Naval Tata, it is grief that comes as the first reaction as we have said goodbye to this truly unique leader whose invaluable contribution weighs not only on the further development of the Tata Group but also on the whole destiny of the country,” Share N Chandrasekaran.
Few things that N Chandrasekaran said in a statement
To the outside viewer, Mr. Tata was more than chairperson of the Tata Group. He was my role model, my teacher and most importantly my friend. He inspired by example. Even more critically, during his tenure as the chairman, the Tata Group pursued growth on a global scale with immense focus on excellence, integrity, innovation as well as strong ethics.
Mr Tata has been passionate for philanthropy and growth of society which improved millions of people lives. Regardless of the sector he focuses on – it could be education, health care, etc., his endeavors have created a positive favorable long lasting impact that shall take generations to reverse. Backing up all of this was the ‘down to earth’ demeanour of the revered Mr. Tata with every little person.
I would like to express Tata group’s sorrow for the loss on behalf of the Tata family to his family. The principles that He stood for are something we shall emulate as we try to reign in the new order as He did.
The clock has stopped ticking: Harsh Goenka
‘Finally, the nightmare is over the clock is no longer ticking.’ The Titan passes away. Sir #RatanTata was a role model of the corporate world in terms of values, leader with ethics and social sensitive philosopher of philanthropy. He will forever soar high in our memories, said Harsh Goenka in a tweet on X.
Breach Candy Hospital in Mumbai admitted Ratan Tata on the 7th of October due to low blood pressure.
Tata, 86, who was recently admitted in hospital had described the reports as false and stated that there was no cause for alarm over his health since he only attended routine check up over age related ailments.
They include medicals I am now having because of my age related illnesses. It’s okay. I stand in good health,” he said, urging the public and the media in particular not to “peddle false information,” said Tata.
“Grieved to the core on the death of Shri Ratan Tata. He was one of the leading commendable and monumental giants of the Indian industry especially for our economy, trade as well as for the industries. My condolences go to his family, his friends and everyone that loved him. May his soul rest in peace, added Union Defence Minister Rajnath Singh.
About Ratan Tata
Born, Mohsen Tata received his Bachelor of Architecture from Cornell University in the year 1962.
Finally he left Jones and Emmons in Los Angeles, to come back to India roughly in late of 1962.
Holder of the Advanced Management Program earning which, he got it from Harvard Business School in 1975.
The chairman of Tata sons is Ratan Tata who was appointed on March 1991 and he retired on December 28th of the year 2012.
During his chairmanship, the Tata Group revenues expanded several folds to USD 100.09 billion in 2011—12 from a turnover of less the ₹10000 crore in 1991.
He took the group into some large explorations as the Tetley by Tata Tea for USD 450 million in the year 2000, the steelmaker Corus by Tata Steel in the year 2007 for GBP 6.2 billion and finally the auto maker Jaguar LandRover in the year 2008 for USD 2.3 billion by Tata Motors.
The Government of India granted the Padma Vibhushan award; the second highest civilian award to Mr. Tata in 2008.
After his retirement problem emerged with his successor Cyrus Mistry, who was removed from the Chairman of Tata Son on 24th of October 2016.
He came back to Interim Chairman of the group after Mistry ousted and passed the baton of the group to N Chandrasekaran in January, 2017 and shifted to the position of Chairman Emeritus of Tata Sons.
