Ratan Tata Veteran industrialist and Tata Sons Chairman Dies At 86
Veteran industrialist and Tata Sons Chairman Emeritus Ratan Tata died at the age of 86 late on Wednesday. He was admitted to Mumbai’s Breach Candy Hospital since Monday due to a sudden drop in blood pressure and was in critical condition in the intensive care unit.
The Tata family made the announcement of Ratan Tata’s death on Tata Group’s X handle. “We, his brothers, sisters and family, take solace and comfort in the outpouring of love and respect from all who admired him. While he is no longer with us in person, his legacy of humility, generosity, and purpose will continue to inspire future generations,” the statement read.
A visionary and prominent philanthropist, Ratan Tata led the Tata Group from March 1991 to December 2012 as chairman of Tata Sons, which is the holding company of the salt-to-steel conglomerate. He took the Tata Group to new heights and, thanks to him, it is now worth more than $365 billion (Rs 30.7 lakh crore approx) as on March 31, 2024.
According to the Tata Group website, in 2023-24, the Tata companies, or enterprises, together generated a revenue of over $165 billion (Rs 13.9 lakh crore approx). These 30 companies, which collectively employ over 10 lakh people, include Tata Steel, Tata Consultancy Services (TCS), Tata Motors, Indian Hotels, Air India, Jaguar Land Rover, Titan, Infiniti Retail (Croma), Trent (Westside, Zudio, Zara) among others.
