The visionary leader, renowned for transforming Tata Group into a global powerhouse, passes away in Mumbai, leaving behind a legacy of innovation and compassion.

The Indian business landscape has lost one of its most influential figures, Ratan Tata, who passed away at the age of 86. The former chairman of Tata Group died on October 9, 2024, while receiving intensive care at a hospital in Mumbai, as reported by Reuters. His death marks the end of an era for the conglomerate that he steered for over two decades, transforming it into a global giant.

Tata was celebrated for his bold leadership style, which included ambitious acquisitions that reshaped the company’s portfolio. Notable among these was the acquisition of British tea firm Tetley in 2000 for $432 million, as well as the groundbreaking takeover of Anglo-Dutch steelmaker Corus in 2007 for $13 billion—the largest foreign acquisition by an Indian company at the time. He further solidified Tata Motors’ reputation by acquiring two iconic British car brands, Jaguar and Land Rover, from Ford Motor Company, enhancing the group’s global presence.

In a heartfelt tribute, Tata Group expressed its deep sorrow: “It is with a profound sense of loss that we bid farewell to Mr Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation.” The Indian Prime Minister, Narendra Modi, also recognised Tata’s impact, describing him as “a visionary business leader, a compassionate soul, and an extraordinary human being.”

Current Tata Sons chairman Natarajan Chandrasekaran shared condolences on behalf of the Tata family, stating, “His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed.” Tata’s passing has sent shockwaves through the business community and beyond, with many reflecting on his extraordinary life and contributions.

Born into the illustrious Tata family, Ratan Tata earned a degree in architecture from Cornell University in the United States before returning to India in 1962 to work for the company founded by his great-grandfather nearly a century earlier. He began his career with Tata Group in a modest role, gradually rising through the ranks. In 1991, he succeeded his uncle, JRD Tata, as chairman, signalling a new era characterised by global ambition and rapid growth.

Under Tata’s leadership, the company embraced a modern vision, implementing reforms that included establishing retirement ages and promoting younger professionals to senior positions. He was instrumental in launching the Indica, India’s first passenger car designed and manufactured domestically, showcasing Tata’s commitment to innovation. Additionally, he contributed to the design of the Nano, touted as the world’s most affordable car, although it was later discontinued due to safety concerns and marketing challenges—an end to Tata’s aspiration of creating a budget-friendly vehicle for the masses.

Beyond his business acumen, Ratan Tata was known for his modesty and deep affection for animals. A licensed pilot, he often shared his love for dogs, stating, “My love for dogs as pets is ever strong and will continue for as long as I live.” In a poignant reflection during a 2021 interview, he remarked on the heartbreak of losing a pet and his enduring need for companionship, saying, “There is an indescribable sadness every time one of my pets passes away… yet, two or three years down the road, my home becomes too empty and too quiet for me to live without them.”

Tata’s contributions to Indian society were recognised in 2008 when he was awarded the Padma Vibhushan, the country’s second-highest civilian honour, acknowledging his impact beyond the corporate world. His leadership style combined pragmatism with compassion, making him a respected figure not only within the Tata Group but across the nation.

Ratan Tata’s passing leaves a significant void in the Indian business community, and tributes continue to pour in, reflecting on his legacy of excellence, innovation, and integrity. His vision transformed Tata Group into a global conglomerate and set a standard for ethical leadership. As the world remembers this remarkable leader, his principles and aspirations will undoubtedly continue to inspire future generations.