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Ratan Tata, Visionary Leader of Tata Group, Passes Away at 86

Ratan Tata, the former chairman of Tata Group, known for his transformative leadership and global expansion of the company, died at the age of 86 

10-10-2024
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Ratan Tata, the former chairman of Tata Group and one of India's most respected industrialists, passed away on Wednesday at the age of 86. Just days before his death, Tata had addressed concerns about his health, clarifying that he was undergoing routine medical check-ups due to his advanced age.

N Chandrasekaran, the current chairman of Tata Sons, shared a heartfelt tribute, calling Tata an "uncommon leader" whose influence extended far beyond the Tata Group, shaping the nation itself. Chandrasekaran described him as a mentor and friend, adding that Tata led by example, maintaining a steadfast commitment to excellence, integrity, and innovation. Under his leadership, the Tata Group expanded its global presence while staying true to its core values.

Prime Minister Narendra Modi also honored Ratan Tata, calling him a "visionary business leader" and a compassionate person. Modi emphasized how Tata’s influence went beyond the business world, highlighting his humility, kindness, and dedication to societal improvement.

Ratan Tata is widely recognized as the architect of the Tata Group’s global expansion. After earning a degree in architecture from Cornell University, Tata returned to India in 1962 to join the family business founded by his great-grandfather. His leadership was instrumental in revitalizing several Tata companies, including Tata Motors and Tata Steel, and transforming National Radio & Electronics Company.

In 1991, Tata succeeded his uncle JRD Tata as chairman during a pivotal time when India was opening its economy. He initiated significant reforms within the group, emphasizing succession planning, attracting younger talent, and streamlining control over the vast business empire.

Tata’s visionary leadership drove the group's global expansion, including high-profile acquisitions such as British tea company Tetley in 2000, Corus Steel in 2007, and the iconic car brands Jaguar and Land Rover in 2008. His innovative approach also led to the creation of Tata Motors' Indica, India's first domestically designed car, and the Nano, which aimed to be the world’s most affordable car.

Ratan Tata's legacy will be remembered for his contribution to the Tata Group's transformation into a global powerhouse and his dedication to improving society at large.

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