Tata, who led the group for over two decades, had been receiving intensive care in a Mumbai hospital, according to two sources familiar with his medical condition.
A graduate of Cornell University with a degree in architecture, Ratan Tata began his career at Tata in 1962, working for the company founded by his great-grandfather nearly a century earlier. He served in various roles across Tata companies, including Tata Motors and Tata Steel, before making his mark by revitalizing struggling units like the National Radio & Electronics Company.
In 1991, he took over as chairman when his uncle, J.R.D. Tata, stepped down. This leadership transition coincided with India’s economic liberalization, which opened new opportunities for growth. Ratan Tata quickly made changes, setting retirement ages, promoting younger talent, and consolidating control over Tata companies.
Under his leadership, the Tata Group expanded its global footprint with landmark acquisitions. In 2000, Tata acquired British tea company Tetley for $432 million, and in 2007, it bought Anglo-Dutch steelmaker Corus for $13 billion—the largest overseas acquisition by an Indian company at the time. In 2008, Tata Motors acquired British luxury car brands Jaguar and Land Rover from Ford for $2.3 billion.
Ratan Tata also launched several innovative projects, including the Indica, India’s first domestically designed and built car, and the Nano, the world’s cheapest car. Although the Indica was a success, the Nano faced challenges and was eventually discontinued.
Known for his quiet demeanor, modest lifestyle, and philanthropic efforts, Ratan Tata never married. About two-thirds of the share capital of Tata Sons, the holding company of the Tata Group, is owned by philanthropic trusts.
Despite his many achievements, Ratan Tata’s tenure was not without controversy, including a public feud with his successor, Cyrus Mistry, who was ousted as chairman of Tata Sons in 2016.
After retiring from the Tata Group, Ratan Tata became an active investor in Indian startups, supporting companies like Paytm, Ola Electric, and Urban Company. He was honored with numerous awards, including the Padma Vibhushan, India’s second-highest civilian award, in 2008 for his contributions to trade and industry.
Source: Reuters
