In an official statement released this evening, Tata Group has confirmed the passing of its former chairman, Ratan Tata, at the age of 86.
Reflecting on his remarkable tenure that spanned over 20 years, it’s clear that Tata played a pivotal role in positioning the Tata Group on the global stage with a series of significant acquisitions. Earlier today, sources close to him disclosed that he had been undergoing critical care at a hospital in Mumbai.
The Tata Group expressed their deep sorrow in a heartfelt statement, saying, “With deep sadness, we bid farewell to Mr. Tata, a truly extraordinary leader whose immeasurable contributions shaped not only the Tata Group but also the broader fabric of our nation.”
Indian Prime Minister Narendra Modi also paid tribute, characterizing Tata as “a visionary business leader with a compassionate soul, truly an extraordinary individual.”
As reported by the BBC, Ratan Tata was among India’s most globally recognized business personalities, leading the Tata Group—one of the country’s largest enterprises—with annual revenues surpassing $100 billion.
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