Ratan Tata, the iconic former chairman of Tata Group who transformed the Indian conglomerate into a global powerhouse, passed away at the age of 86. Tata, who led the group for over two decades, died in a Mumbai hospital after battling illness in intensive care, the company confirmed on Wednesday.
A graduate of Cornell University in architecture, Tata began his career with the family-owned group in 1962. His leadership era, beginning in 1991, coincided with India’s economic liberalization, and he was instrumental in driving the company’s global expansion through strategic acquisitions.
Tata’s legacy includes landmark deals like the acquisition of British tea company Tetley, steel giant Corus, and luxury car brands Jaguar and Land Rover. Known for his visionary approach, Ratan Tata not only restructured the company but also championed affordable car models like the Tata Indica and Nano.
Despite facing controversies, including the high-profile ousting of Cyrus Mistry, Tata was respected for his quiet humility, philanthropic contributions, and investments in Indian startups. He was awarded the Padma Vibhushan in 2008, recognizing his immense contributions to trade and industry.