Ratan Tata, the former chairman of Indian conglomerate Tata Sons, dies at 86

[Pelican Press 0]

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Ratan *****, the former chairman of Indian conglomerate ***** Sons, ***** at 86

NEW DELHI (AP) — Ratan *****, a former chairman of Indian conglomerate ***** Sons hailed as a visionary business leader, ***** at a Mumbai hospital on Wednesday night. He was 86.

***** Sons chairman N Chandrasekaran confirmed *****’s ****** and described him in a statement as his “friend, mentor, and guide.” He did not provide a cause of ******.

***** was admitted this week to the Breach Candy Hospital in south Mumbai, the city where he lived. Soon after he was hospitalized, ***** issued a statement on Monday saying there was no cause for concern regarding his health and he was undergoing checkups for age-related medical conditions.

Prime Minister Narendra Modi described ***** as a visionary leader, and a compassionate and extraordinary human being.

“He provided stable leadership to one of India’s oldest and most prestigious business houses. At the same time, his contribution went far beyond boardrooms,” Modi said on X.

“***** endeared himself to several people, thanks to his humility, kindness and an unwavering commitment to making our society better,” Modi said, referring to his philanthropy.

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CEO Sundar Pichai said Ratan ***** left behind an extraordinary business and philanthropic legacy and he was instrumental in mentoring and developing modern business leadership in India.

“My last meeting with Ratan ***** at

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, we talked about the progress of Waymo and his vision was inspiring to hear,” Pichai said on X. “He deeply cared about making India better.”

Mukesh Ambani, chairman and managing director of Reliance Industries, said, “It is a very sad day for India and India Inc. Ratan *****’s passing away is a big loss, not just to the ***** Group, but to every Indian.”

“With him gone, all we can do is to commit to emulating his example,” Anand Mahindra, chairman of the Mahindra Group, said on X.

***** received the Padma Bhushan, one of India’s most distinguished civilian awards, in 2000 and “Padma Vibhushan” in 2008,

***** Group is a sprawling collection of nearly 100 companies, including the country’s largest automaker, the largest private steel company and a leading outsourcing firm. The companies employ more than 350,000 people worldwide. In June 2008, ***** bought Jaguar and Land Rover from Ford for $2.3 billion.

***** pioneered commercial aviation in India when it launched an airline in 1932 that later became Air India. The government later took it over.

***** Group bought state-owned Air India in 2021. It also started a full-service carrier, Vistara, with Singapore Airlines, but recently merged it with Air India.

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***** companies include ***** Steel, ***** Motors, ***** Power and the information technology company ***** Consultancy Services.

In 2009, the company surprised the automobile industry by launching ***** Nano, a tiny vehicle with a rear engine costing about 100,000 rupees (then $2,000). Publicized as a “People’s Car,” it could seat up to five adults. Ratan ***** had said it would provide a “safe, affordable, all-weather form of transport” to millions of middle- and lower-income Indian consumers.

However, due to the low sales of the tiny car, the company stopped its production in 2018.

Ratan ***** graduated from Cornell University with a bachelor’s degree in architecture. He joined the ***** group in 1961 and succeeded J.R.D. ***** as chairman of ***** Sons upon the latter’s retirement in 1991.

In December 2012, ***** retired as chairman of the ***** Sons. He briefly served as interim chairman beginning Oct. 2016, following the ouster of his successor, Cyrus Mistry. He returned to retirement in 2017 when Natarajan Chandrasekaran was appointed chairman of the ***** Group.

Industrialist Harsh Goenka called him a “titan.”

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#Ratan #***** #chairman #Indian #conglomerate #***** #Sons #*****

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