India has lost one if its most internationally recognisable business magnates, with the death of Ratan Tata.
He was 86.
Tributes are pouring in for the tycoon, who was hailed as a “titan” of the business world and led one of India’s largest companies for more than two decades.
We’re going to be covering Tata’s life and legacy as figures around the world pay their respects to the influential business leader.
Tata Group’s statement on death of Ratan Tata
Ratan Tata’s death was announced by the Indian conglomerate that he led for 21 years. A statement signed by Tata Group’s chairman and released on social media said the industrialist was “a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation.”
Tata took the helm of the conglomerate in 1991, just as India was launching radical reforms that opened up its economy and set it on the path to become one of the world’s fastest-growing economies.
Under his leadership Tata Group grew into a sprawling global business empire that spanned multiple industries from software to sports cars. He spearheaded some of the group’s most high-profile acquisitions including British tea firm Tetley, Anglo-Dutch steelmaker Corus, and UK-based luxury car brands Jaguar and Land Rover.
India PM pays tribute to Ratan Tata
Indian Prime Minister Narendra Modi hailed Tata as a “visionary business leader, a compassionate soul and an extraordinary human being”.
Paying tribute on X, formerly known as Twitter, Modi recounted “countless interactions” with Tata and said he was “extremely pained” by his death.
“He endeared himself to several people thanks to his humility, kindness and an unwavering commitment to making our society better.”
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