Ratan Tata, the revered former chairman of Tata Sons and a major philanthropist, has died at age 86 in Mumbai. Under his leadership, Tata Sons transformed into a global powerhouse, with Tata's personal commitment to philanthropy and innovation leaving a lasting impact on India and beyond.
Ratan Tata, an iconic figure in Indian and global business, passed away on October 9, 2024, at the age of 86. As the former chairman of Tata Sons, Tata was instrumental in expanding the conglomerate into a global entity with a diverse portfolio that included everything from tea to technology. His leadership not only propelled the company to new heights but also emphasized philanthropy and social responsibility.
Ratan Tata's tenure as chairman from 1991 to 2012 was marked by significant expansion and diversification of Tata Sons, turning it into a multinational corporation with a presence in over 100 countries and revenues exceeding $100 billion. Under his guidance, the group acquired international brands such as Jaguar, Land Rover, and Tetley, making Tata a household name worldwide. His strategic vision was complemented by a unique ownership structure where two-thirds of Tata Sons was held by philanthropic trusts, ensuring that the profits were also channeled into charitable activities[1][3].
Beyond business, Ratan Tata was deeply committed to philanthropy, significantly impacting education and healthcare. His donations led to the establishment of the Tata-Cornell Institute for Agriculture and Nutrition and the Tata Scholarship at Cornell University, which supports numerous students from India annually. His contributions were aimed at improving the quality of life and providing opportunities for the underprivileged, reflecting his belief that businesses should also focus on societal improvement[1].
Leaders from various sectors have expressed their condolences and respect for Tata. Indian Prime Minister Narendra Modi described him as a 'visionary business leader, a compassionate soul and an extraordinary human being.' Google CEO Sundar Pichai and other industry giants also remembered Tata for his mentorship and commitment to bettering society. His legacy is expected to inspire future generations of leaders in business and philanthropy[4].
Ratan Tata's death marks the end of an era for Tata Sons and for Indian industry at large. His visionary leadership style, commitment to philanthropy, and dedication to innovation have left indelible marks on both the global business landscape and in the realms of education and public welfare. His life's work continues to inspire and pave the way for responsible and sustainable business practices worldwide.
"Tata endeared himself to several people, thanks to his humility, kindness and an unwavering commitment to making our society better." - Narendra Modi