Mumbai, India, October 11, 2024, 10:00 AM IST – Ratan Tata, one of India’s most revered business leaders, passed away at 86 in Mumbai, leaving a legacy that transformed Indian industry and expanded the nation’s presence on the global stage. Leading the Tata Group for over two decades, Tata was instrumental in turning the century-old conglomerate into a modern, innovative global entity, operating across industries such as automotive, steel, technology, and hospitality.
Tata took over the reins of the Tata Group in 1991, at a pivotal moment in India’s economic history. As the country began opening its markets and moving away from socialist-era protectionism, Tata embraced the opportunity to compete globally rather than seek protection from foreign competition. His bold leadership led to international acquisitions that became milestones for the group, including Tata Steel’s $13 billion acquisition of Corus and Tata Motors’ purchase of Jaguar Land Rover from Ford. These acquisitions not only showcased Tata’s ambition but also signaled India’s growing influence in global business.
One of Tata’s most daring ventures was his vision to create the world’s most affordable car, the Tata Nano. Launched in 2009 with a price tag of around $2,000, the Nano was designed to make car ownership accessible to millions of Indians. Despite initial enthusiasm, the Nano struggled in the market and was eventually discontinued, yet the project symbolized Tata’s commitment to innovation and his desire to address the needs of the common man.
Tata’s tenure was also marked by challenges, including a highly publicized fallout with his handpicked successor, Cyrus Mistry. After Tata’s retirement in 2012, Mistry was appointed chairman of the Tata Group, but disagreements between the two soon led to Mistry’s ouster in 2016, resulting in a prolonged legal battle. Despite this controversy, Tata’s leadership remained respected, and stability was restored with the appointment of N Chandrasekaran as chairman.
In addition to his business achievements, Tata was deeply committed to philanthropy. Through Tata Trusts, which holds the majority of shares in Tata Sons, he directed significant portions of the group’s profits toward social causes. He focused on healthcare, education, and rural development, supporting initiatives such as cancer research and sustainable development through the Oxford India Centre for Sustainable Development. Even in his later years, Tata remained dedicated to charitable work, building a network of cancer hospitals and contributing to various social causes.
Known for his humility, Tata lived a simple life despite his immense wealth. He often drove himself around Mumbai and was spotted shopping at ordinary stores. His love for dogs was well-known, and he once described his greatest luxury as building a swimming pool for his pets. This modest lifestyle, paired with his towering achievements, made him a beloved figure, particularly among younger generations who admired him for his integrity and vision.
Tata never married and led a quiet personal life, though he remained a significant figure in public life until his final days. Rumors about his health surfaced shortly before his passing, but Tata reassured the public in a tweet that he was fine and undergoing routine checkups. His death marked the end of an era, and the state of Maharashtra honored him with a state funeral, a fitting tribute to a man who had reshaped Indian business.
Ratan Tata’s legacy extends far beyond his business accomplishments. His leadership, humility, and commitment to social causes continue to inspire, ensuring that his influence will be felt for generations to come.
Ratan Tata is truly a blessing to humanity.