Ratan Tata, the former chairman of Tata Sons and an iconic figure in Indian industry, passed away at the age of 86, leaving a profound impact on the nation and the global business community. Tata, who led the conglomerate for over two decades from 1991 to 2012, died on Wednesday night, sending waves of grief through a nation that held him in the highest esteem.

Tata was admitted to Mumbai’s Breach Candy Hospital on September 7 for a series of routine medical check-ups. Although he initially reassured the public that there was "no cause for concern" and that he remained "in good spirits," his condition worsened, culminating in a loss that will resonate deeply across India and beyond.

“It is with profound sorrow that we bid farewell to Mr. Ratan Naval Tata, an extraordinary leader whose contributions have shaped both the Tata Group and the nation. More than just a chairperson, he was a mentor, guide, and friend. Under his stewardship, the Tata Group expanded globally while maintaining a steadfast commitment to excellence, integrity, and innovation. His dedication to philanthropy touched millions, leaving a lasting impact in areas like education and healthcare. His genuine humility in every interaction will be remembered. On behalf of the Tata family, we extend our deepest condolences to his loved ones, and his legacy will continue to inspire us," N Chandrasekaran, Chairman, Tata Sons said in a statement.

Born on December 28, 1937, Ratan Tata was a scion of the illustrious Tata family and the great-grandson of Jamsetji Tata, the founder of the Tata Group. After completing his early education in Mumbai, he went on to earn a degree in Architecture from Cornell University in 1962 and later attended the Advanced Management Program at Harvard Business School in 1975. 

Ratan Tata returned to India in 1962 and joined Tata Steel as a management trainee. His career saw a major shift in 1991 when he succeeded JRD Tata as chairman of Tata Sons, marking the beginning of a transformative era for the Tata Group. During his tenure, he led the group’s expansion into global markets, acquiring several international companies and spearheading key projects.

One of his most celebrated achievements was the acquisition of Corus Steel in 2007, which positioned Tata Steel as a leading global player. Similarly, his strategic purchase of Jaguar Land Rover in 2008 elevated Tata Motors to the ranks of major luxury automobile manufacturers. He also introduced the world to the Tata Nano in 2008, showcasing his vision for making affordable cars accessible to the masses.

Under his guidance, Tata Consultancy Services (TCS) went public in 2004, becoming one of the largest IT services companies globally and solidifying India’s reputation as a technology powerhouse. After stepping down as chairman in 2012, Ratan Tata was honoured with the title of Chairman Emeritus of Tata Sons, Tata Motors, Tata Steel, and Tata Chemicals.

His passing marks the end of an era defined by his resilience, strategic vision, and an unwavering commitment to philanthropy. As the nation mourns his loss, his legacy will continue to inspire generations to come.

(Business Today)