Blitz Bureau
NEW DELHI: Ratan Naval Tata, the Chairman Emeritus of Tata Sons, passed away at the Breach Candy Hospital in Mumbai on October 9 following age-related health conditions. He was 86.
Tata was admitted to the hospital on 6, sparking intense speculation on his health status in corporate, political and common circles. Later, he had issued a statement that he was undergoing certain routine medical examinations for age-related health concerns.
Subsequently, he was reportedly put on life-support systems, though the Tata Group officials did not confirm or deny anything.
Chairman, Tata Sons, N Chandrasekaran said that it is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation.
“For the Tata Group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide and friend. He inspired by example. With an unwavering commitment to excellence, integrity, and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass.
“Mr. Tata’s dedication to philanthropy and the development of society has touched the lives of millions. From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come. Reinforcing all of this work was Tata’s genuine humility in every individual interaction.
“On behalf of the entire Tata family, I extend our deepest condolences to his loved ones. His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed.”
Known for his genteel demeanour masking a tough and sharp business acumen, Tata served as the all-powerful Chairman of Tata Sons, the holding company of the Tata Group, from 1991 till his retirement on December 28, 2012.
It was during his stewardship that the group’s revenues grew manifold, totalling over $100 billion (in 2011-12).
On various occasions, Tata had served as the Chairman of major Tata companies, including Tata Motors ,Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels, and Tata Teleservices.
He was also associated with various organisations in India and abroad, and functioned on the international advisory boards of Mitsubishi Corporation and JP Morgan Chase.
Tata was also the Chairman of the Council of Management of the Tata Institute of Fundamental Research and on the Board of Trustees of Cornell University and the University of Southern California.
