October 9th 2024.
Ratan Tata, a highly respected and influential figure in the Indian business world, passed away at the age of 86 on Wednesday night. The former chairman of Tata Sons, a large conglomerate in India, had been admitted to a hospital in Mumbai earlier this week and unfortunately did not recover. His passing was confirmed by current chairman N Chandrasekaran, who described Tata as not only a colleague, but also a friend, mentor, and guide.
Tata's death was a shock to many, and the cause has not been disclosed. He had issued a statement on Monday, reassuring everyone that his health was not a cause for concern and he was only undergoing check-ups for age-related medical conditions. However, his condition took a turn for the worse and he passed away in the city he called home.
Indian Prime Minister Narendra Modi paid tribute to Tata, praising him as a visionary leader and an exceptional human being. Modi also acknowledged Tata's contributions not just in the business world, but also in society as a whole. Tata Group, under his leadership, grew into a vast empire of nearly 100 companies, including some of the biggest names in the country like Tata Motors and Tata Steel. These companies employ over 350,000 people globally and are a major force in India's economy.
One of Tata's notable achievements was his purchase of Jaguar and Land Rover from Ford in 2008 for a staggering $US2.3 billion. This acquisition solidified Tata Group's position in the automotive industry and expanded their reach globally. Tata was also a pioneer in the aviation industry, having launched India's first airline in 1932, which eventually became Air India. Although the government later took over the airline, Tata's legacy in commercial aviation remains.
In 2021, Tata Group made headlines again when it bought state-owned Air India. Another notable venture was the launch of a full-service carrier, Vistara, in partnership with Singapore Airlines. However, in recent years, Vistara merged with Air India. Tata Group's portfolio also includes companies in the steel, power, and information technology sectors.
Ratan Tata's rise to success was not without hard work and dedication. He graduated from Cornell University with a degree in architecture and joined Tata Group in 1961. He eventually became the chairman of Tata Sons in 1991, taking over from J.R.D. Tata. After serving as chairman for over 20 years, Tata retired in 2012. He briefly returned as interim chairman in 2016, but ultimately retired again in 2017 when Natarajan Chandrasekaran was appointed as his successor.
Tata's legacy will continue to live on, and his impact on the business world and society as a whole will never be forgotten. As we mourn his passing, let us also remember his contributions and honor his memory. Stay up to date with all the latest news, celebrity gossip, and sports updates by joining our WhatsApp channel. No comments, no algorithms, and your privacy is safe with us.
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