The Tata Group, the conglomerate he led for more than two decades, reports that Indian tycoon Ratan Tata has passed away at the age of 86.
Tata was one of India's most well-known business leaders on a global scale. With annual revenues exceeding $100 billion (£76.5 billion), the Tata Group is one of India's largest businesses. The current chairman of Tata Sons referred to Tata as a "truly uncommon leader" in a statement that was released to announce his passing. Added Natarajan Chandrasekaran: I convey our sincere condolences to his family on behalf of the entire Tata family. "As we strive to uphold the principles he so passionately championed, his legacy will continue to inspire us." The conglomerate made a number of high-profile acquisitions while he was chairman of the Tata Group. These acquisitions included the acquisition of the Anglo-Dutch steelmaker Corus, the UK-based car brands Jaguar and Land Rover, and Tetley, the second-largest tea company in the world. In his obituary, UK Business Secretary Jonathan Reynolds referred to Tata as a "titan of the business world" who "played a huge role in shaping British industry." Tata died on March 18. In 2011, a profile in the Economist magazine called Tata a "titan" and credited him with making the Tata family "a global powerhouse." He owns less than one percent of the company with his family's name on it. He is still a titan, though: the most influential businessman in the world and India's most powerful businessman," the magazine stated. He stepped down as chairman of the group in 2012 and was named chairman emeritus of Tata Sons, the holding company for the group. Tata was described as a "visionary business leader, a compassionate soul, and an extraordinary human being" by Indian Prime Minister Narendra Modi. Modi paid tribute to Tata on X, which used to be Twitter. He said he had "countless interactions" with Tata and was "extremely pained" by his death. Obituary: The "modest" Indian tycoon Ratan Tata was born in 1937 into a traditional Parsi family. At Cornell University in the United States, he majored in structural engineering and architecture. He started working for Tata Industries, the group's promoter company, as an assistant in 1962. He trained for six months at a plant in Jamshedpur. He then worked at National Radio and Electronics (Nelco), Tata Consultancy Services (TCS), and Tata Iron and Steel Company (now Tata Steel). Ratan Tata was chosen as JRD Tata's successor in 1991, after the group had been under his direction for more than half a century. "He [JRD Tata] was my greatest mentor... he was like a father and a brother to me - and that has not been said enough," Tata told an interviewer later. The country's second-highest civilian honor, the Padma Vibhushan, was bestowed upon him by the Indian government in 2008. In his book The Story of Tata, Peter Casey wrote that Tata was a "modest, reserved, and even shy man" who possessed a "stately calm" and a "fierce discipline." In 2016, when Cyrus Mistry, his successor as chairman of Tata Sons, was removed from his position, he was drawn into a rare unsavory controversy that sparked a bitter management rivalry. In 2022, Mistry died in a car accident. Additionally, the business tycoon had a jovial side to him. The Tata group website lists his "enduring passions" as fast cars and planes, which were well-known interests. Tata also enjoyed scuba diving, a hobby that faded with age "as his ears could no longer take the pressure." Additionally, he cherished dogs and fondly recalled the numerous pets who kept him company over the years. In a 2021 interview, the industrialist stated, "My love for dogs as pets is ever strong and will continue for as long as I live."
"Every time one of my pets dies, I feel an indescribable sadness and decide that I can't go through another such loss. However, "there is another dog that gets my affection and attention, just like the last one," he stated, "and yet, two or three years down the road, my home becomes too empty and too quiet for me to live without them."
His simplicity was also often praised. In 2022, a social media video of him driving a Nano, one of the cheapest cars in the world and now mostly remembered as one of Tata's failed dreams, went viral.
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