Ratan Tata, the former chairman of the Tata Group who transformed the Indian conglomerate into a global powerhouse, passed away at the age of 86.
The Tata Group confirmed his death in a statement released late Wednesday. Tata had been receiving intensive care at a hospital in Mumbai, according to sources close to his medical condition.
Tata’s leadership spanned more than two decades, during which he spearheaded several high-profile acquisitions, putting the staid and sprawling Tata Group on the international map.
His strategic vision and bold moves, including the acquisitions of Tetley Tea, Corus Steel, and Jaguar Land Rover, cemented Tata Group’s position as a global business leader.
In addition to his business achievements, Ratan Tata was a dedicated philanthropist. Under his leadership, the conglomerate contributed an estimated $102 billion to various charitable causes, making a significant impact on education, healthcare, and rural development in India.
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A graduate of Cornell University with a degree in architecture, Tata returned to India in 1962 to join the family business, which was founded by his great-grandfather nearly a century earlier. His passing marks the end of an era for one of India’s most respected and influential business leaders.
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