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10 Oct 2024

End of an era for Indian business and philanthropy: PM Modi, President Murmu among others condole passing of Ratan Tata


Ratan Tata Passes Away: Ratan Naval Tata, the Honorary Chairman of Tata Sons, passed away at the age of 86. His death was confirmed late on Wednesday night. Tata had been admitted to the Intensive Care Unit (ICU) at Breach Candy Hospital in Mumbai, battling age-related ailments.


Just two days before his passing, news of his hospitalization had surfaced, but Tata reassured the public, stating, “I am fine, there is nothing to worry about.” His passing marks the end of an era for Indian business and philanthropy, with his legacy stretching far beyond the corporate world.


Legacy of Excellence


In 2008, Ratan Tata was honored with India's second-highest civilian award, the Padma Vibhushan, in recognition of his outstanding contributions to the business sector and philanthropy. Earlier, in 2000, he had also been awarded the Padma Bhushan, further cementing his reputation as one of India’s most influential business leaders.


Tata led the Tata Group, one of India's oldest and most prestigious business conglomerates, as its Chairman from 1990 to 2012. He later served as interim Chairman from October 2016 to February 2017. A visionary leader, he was instrumental in taking the Tata legacy to new heights, including the acquisition of Air India and the addition of luxury car brands Jaguar and Land Rover to the group’s portfolio.


Tributes from Business Leaders and Politicians


Natarajan Chandrasekaran, the current Chairman of Tata Sons, expressed profound sorrow over Tata’s passing, stating, "We are bidding farewell to Ratan Tata with a sense of extreme loss. Tata was more than a chairman for the group. For me, he was a mentor, guide, and friend."


Numerous prominent figures from business and politics also shared their tributes.


President Droupadi Murmu said India has lost an icon who blended nation-building with corporate growth and excellence with ethics. Ratan Tata, awarded with the Padma Vibhushan and Padma Bhushan, carried forward the Tata Group's legacy with distinction, she said.


Prime Minister Narendra Modi said Tata was a visionary business leader, a kind soul, and an extraordinary human being. He provided stable leadership to one of India’s oldest and most prestigious business houses. His contributions went far beyond the boardroom.


Rahul Gandhi said Ratan Tata was a man of vision. He has left an indelible mark on both business and philanthropy. My condolences to his family and the Tata community.


Industrialist Gautam Adani said India has lost a great and visionary person. Tata redefined the path of modern India. He was not just a business leader; he embodied the spirit of India with compassion.


Anand Mahindra said I am unable to accept the absence of Ratan Tata. Mr. Tata will not be forgotten, for great men never die.


Ratan Tata’s Final Public Message


Just days before his passing, on October 7, some media outlets reported that Tata had been admitted to the ICU after a significant drop in blood pressure. In response, Tata reassured his followers via social media, stating, "I am fine and went to the hospital for a routine checkup due to old age. There is nothing to worry about."


A Visionary Business Leader


Born on December 28, 1937, Ratan Tata was the great-grandson of Jamsetji Tata, the founder of the Tata Group. Throughout his career, Ratan Tata expanded and diversified the group’s operations, making pivotal acquisitions such as Land Rover and Jaguar, and returning Air India to the Tata fold after decades.


He also played a significant role in the charitable trusts of the Tata Group, furthering the family’s long-standing commitment to philanthropy and social responsibility.


Ratan Tata’s legacy is one of transformative leadership, a blend of ethical business practices and an unwavering dedication to nation-building. His contributions will continue to shape Indian industry and society for generations to come.


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