Ratan Tata, Honorary Chairman of Tata Sons, Passes Away at 86

Mumbai, 9th October 2024: Ratan Naval Tata, the esteemed Honorary Chairman of Tata Sons, passed away at the age of 86. He had been admitted to the Intensive Care Unit (ICU) of Breach Candy Hospital in Mumbai due to complications related to old age.

Earlier, on October 7, media reports had surfaced claiming that Tata had been hospitalized in critical condition after a significant drop in his blood pressure. However, in a reassuring social media post, Ratan Tata had clarified his condition, stating, “I am fine and went to the hospital for a routine checkup due to old age. There is nothing to worry about.”

Despite this reassurance, the business world and the nation now mourn the loss of one of its most iconic industrialists.

Born on December 28, 1937, Ratan Tata was the great-grandson of Jamsetji Tata, the founder of the Tata Group. His leadership marked a significant period of growth for the Tata conglomerate. Ratan Tata served as the Chairman of Tata Sons from 1990 to 2012, and he briefly returned as interim Chairman from October 2016 to February 2017. Even after stepping down from the active leadership role, he remained involved with the group’s charitable trusts, continuing his legacy of philanthropy.

Under Ratan Tata’s leadership, the Tata Group reached new heights on the global stage. Notably, he led the acquisition of iconic foreign brands, including Jaguar and Land Rover from Ford, adding them to Tata Motors’ portfolio. He also played a crucial role in the Tata Group’s acquisition of Air India, bringing the airline back under the Tata fold after decades.

Ratan Tata’s visionary leadership and focus on innovation made him one of the most respected figures in Indian business. His emphasis on ethical leadership, social responsibility, and global expansion left an indelible mark on the Tata Group and the nation.

His death marks the end of an era for the Tata Group and the Indian corporate world.

N Chandrasekaran, Chairman, Tata Sons, has issued following media statement:

“It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation.

For the Tata Group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide and friend. He inspired by example. With an unwavering commitment to excellence, integrity, and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass.

Mr. Tata’s dedication to philanthropy and the development of society has touched the lives of millions. From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come. Reinforcing all of this work was Mr. Tata’s genuine humility in every individual interaction.

On behalf of the entire Tata family, I extend our deepest condolences to his loved ones. His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed.”