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Ratan Tata, the revered industrialist and philanthropist, passed away at the age of 86 on Wednesday in a Mumbai hospital, leaving behind a legacy that reshaped India’s industrial landscape. In honor of his contributions, the Maharashtra government has declared a day of mourning, and a state funeral is set to take place, reflecting the profound impact he had on the nation.
Today, Tata’s body will lie in state at the National Centre for Performing Arts (NCPA) in Mumbai’s Nariman Point from 10 am to 4 pm, allowing the public to pay their final respects. Following this, his cremation will occur in the Worli area. Maharashtra Chief Minister Eknath Shinde has announced that the national flag will be flown at half-mast across government buildings in the state as a mark of respect for the legendary leader.
Mr. Tata’s death marks the end of an era for Indian business, where he played a pivotal role in transforming the Tata Group into a global powerhouse with over 30 companies operating in more than 100 countries. Despite his vast influence, Tata was known for his humble lifestyle, often shunning the billionaire spotlight while maintaining a reputation for integrity and decency.
Born on December 28, 1937, Ratan Tata hailed from one of India’s most distinguished business families. He was the great-grandson of Jamsetji Tata, the founder of the Tata Group, which began as a modest trading firm in 1868 and expanded into a diverse empire, including steel, automobiles, and airlines. Tata’s upbringing was marked by both privilege and hardship, as he was raised by his grandmother after his parents’ separation. He studied at the prestigious Cathedral and John Connon School in Mumbai, later earning a Bachelor of Science degree in Architecture from Cornell University and attending the Advanced Management Program at Harvard Business School.
In the early 1960s, Tata returned to India to work in the family business, starting on the shop floor of Tata Steel’s Jamshedpur plant. His hands-on approach to leadership was instrumental in his future successes. In 1991, he succeeded his uncle, JRD Tata, as chairman of the Tata Group, a challenging role he undertook during a period of significant economic liberalization in India. Tata’s leadership helped the group embrace global expansion, innovation, and modern management practices.
Under his stewardship, Tata Group made several landmark acquisitions, including the purchase of British tea company Tetley in 2000, Daewoo Motors’ truck manufacturing operations in South Korea in 2004, and the Anglo-Dutch steel company Corus Group in 2007 for $11.3 billion—one of the largest overseas acquisitions by an Indian company. Furthermore, in 2008, Tata Motors acquired the iconic British luxury car brands Jaguar and Land Rover, which subsequently thrived under his guidance.
Ratan Tata was not only a business leader but also a dedicated philanthropist, largely through the Tata Trusts. These charitable organizations, established by his great-grandfather, control the majority of shares in Tata Sons, ensuring that the wealth generated by the group contributes to social good.
Despite retiring in 2012, Tata remained influential, offering guidance to the Tata Group and continuing his philanthropic endeavors. His legacy as a transformative leader and compassionate philanthropist will undoubtedly live on in the hearts of millions, as the nation bids farewell to a true icon.
Sources By Agencies
