Ratan tata Dies: He become chairman of the $100 billion steel-to-sodtware conglomerate in 1991 and ran the group founded by his great-grandfather more then a hundred years ago until 2012.
Ratan tata, chairman emeritus of one of India’s biggest conglomerate, Tata sons, has died at 86. Just on Monday, the industrialist in a social media post has dismissed speculation surrounding his health and had said he was undergoing routine medical investigations due to his age.
N Chandrasekaran, chairman, tata sons, in a late night statement on Wednesday, announced the death of Mr. Tata, hailing the industrialist ‘s unwavering commitment to excellence, integrity and innovation.
After the news of the death of renowned industrialist Ratan Tata was reported, senior officials of Mumbai police have been informed about it, and keeping security in mind, security will soon be increased at Mumbai’s Breach Candy Hospital. It is being informed that Maharashtra Deputy Chief Minister Devendra Fadnavis may reach rhe hospital late at night.
Several reports of his addmission to hospital surfaced earlier in the week, but Ratan Tata had reassured the public, starting he was undergoing routine medical checkup due to his age and related health concern.
It should be noted Ratan Tata is a prominent figure in Indian industry having taken over as chairman of Tata Sons in 1991. During his leadership at Tata Sons, he transformed the Tata Group from primarily domestic company into a global powerhouse by acquiring companies like Tetley, corus, and Jaguar Land Rover.
Under their leadership, Tata really grew into a global business empire worth over $100 billion. In December 2012. Tata retired from his position and was succeeded by Cyrus Mistry, who passed away in a car accident in 2022.