New Delhi:

As tributes poured in to honour legendary industrialist Ratan Tata, Google and Alphabet CEO Sundar Pichai took to social media to remember his “business and philanthropic legacy”.

Recalling his interaction with Mr Tata, Mr Pichai said the Tata Group Chairman Emeritus “deeply cared about making India better”. He said they talked about Google’s autonomous driving technology Waymo and his vision was “inspiring to hear”. He added that the 86-year-old was ” instrumental in mentoring and developing the modern business leadership in India”.

Among other business leaders who remembered him were Chairman of the Mahindra Group Anand Mahindra and RPG Enterprises Chairman Harsh Goenka.

Mr Tata, the former Tata Group chairman who transformed a staid group into India’s largest and most influential conglomerate, breathed his last at south Mumbai’s Breach Candy Hospital at 11.30 pm on Wednesday.

My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply…

— Sundar Pichai (@sundarpichai) October 9, 2024

He was born on December 28, 1937 in Mumbai. Educated at Cornell University, Ithaca, New York, the veteran industrialist worked on the shop floor at the family-run group after returning to India in 1962. He gained experience in several Tata Group firms before being named director in charge of one of them, the National Radio and Electronics Co. in 1971.

He became chairman of Tata Industries a decade later and in 1991 took over as the chairman of the Tata Group from his uncle, JRD, who had been in charge for more than half a century.

Under his stewardship, the conglomerate embarked on a massive expansion drive, snapping iconic British assets including steelmaker Corus and luxury carmaker Jaguar Land Rover. Its two-and-half-dozen listed firms now make coffee and cars, salt and software, steel and power, run airlines and introduced India’s first super app.

After his retirement in 2012, he was appointed Chairman Emeritus of Tata Sons.

Mr Tata was the Chairman of Ratan Tata Trust and Dorabji Tata Trust, two of the largest private-sector-promoted philanthropic trusts in India.

He was honoured with the country’s second-highest civilian award, the Padma Vibhushan, in 2008.

New Delhi:

Delhi Chief Minister Atishi offered her condolences to the family of Industrilist Ratan Tata who passed away on Wednesday evening.

In a post on X, CM Atishi said, “I am deeply saddened to hear about the passing of Ratan Tata ji. He exemplified ethical leadership, always placing the welfare of the country and its people above all else. His kindness, humility, and passion for making a difference will be remembered forever.”

“My heartfelt condolences to his family and loved ones. His legacy will continue to inspire generations to come,” she added.

I am deeply saddened to hear about the passing of Shri Ratan Tata ji. He exemplified ethical leadership, always placing the welfare of the country and its people above all else. His kindness, humility, and passion for making a difference will be remembered forever.

My heartfelt… https://t.co/XSzicxzP1q

— Atishi (@AtishiAAP) October 9, 2024

Paying their tribute to the veteran industralist in a post on X, the Aam Admi Party (AAP) said, “Om Shanti. The demise of the country’s famous industrialist Ratan Tata ji is a very sad moment for the country. May God give a place to Ratan Tata ji’s soul in his holy feet.”

Mr Tata, born on December 28, 1937, in Mumbai, was the Chairman of Ratan Tata Trust and Dorabji Tata Trust, two of the largest private-sector-promoted philanthropic trusts in India.

He was the Chairman of Tata Sons, the holding company of the Tata Group, from 1991 until his retirement in 2012.

He was honoured with the country’s second-highest civilian award, the Padma Vibhushan, in 2008.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Ratan Tata, chairman emeritus of one of India’s biggest conglomerates, Tata Sons, has died at 86. Just on Monday, the industrialist in a social media post had dismissed speculation surrounding his health and had said he was undergoing routine medical investigations due to his age.

“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,” said N Chandrasekaran, Chairman, Tata Sons, in a late night statement. 

“For the Tata Group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide and friend. He inspired by example. With an unwavering commitment to excellence, integrity, and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass,” said Mr Chandrasekaran.

Remembering Mr Tata’s contribution to philanthropy, Mr Chandrasekharan said “from education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come”.

As news broke, tributes poured in from the industry and beyond. 

Prime Minister Narendra Modi led the tributes, hailing the industrialist as ” a compassionate soul and an extraordinary human being”.

“Shri Ratan Tata Ji was a visionary business leader, a compassionate soul and an extraordinary human being. He provided stable leadership to one of India’s oldest and most prestigious business houses. At the same time, his contribution went far beyond the boardroom. He endeared himself to several people thanks to his humility, kindness and an unwavering commitment to making our society better,” the Prime Minister posted on X in a series of tweets along with pictures.

Shri Ratan Tata Ji was a visionary business leader, a compassionate soul and an extraordinary human being. He provided stable leadership to one of India’s oldest and most prestigious business houses. At the same time, his contribution went far beyond the boardroom. He endeared… pic.twitter.com/p5NPcpBbBD

— Narendra Modi (@narendramodi) October 9, 2024

Rahul Gandhi said: “Ratan Tata was a man with a vision. He has left a lasting mark on both business and philanthropy. My condolences to his family and the Tata community.” 

Hailing the industry giant, Gautam Adani said “legends like him never fade away”.

“India has lost a giant, a visionary who redefined modern India’s path. Ratan Tata wasn’t just a business leader – he embodied the spirit of India with integrity, compassion and an unwavering commitment to the greater good. Legends like him never fade away. Om Shanti,” posted Mr Adani.

India has lost a giant, a visionary who redefined modern India’s path. Ratan Tata wasn’t just a business leader – he embodied the spirit of India with integrity, compassion and an unwavering commitment to the greater good. Legends like him never fade away. Om Shanti pic.twitter.com/mANuvwX8wV

— Gautam Adani (@gautam_adani) October 9, 2024

Industrialist Anand Mahindra said he is “unable to accept the absence of Ratan Tata”.

“I am unable to accept the absence of  Ratan Tata. India’s economy stands on the cusp of a historic leap forward. And Ratan’s life and work have had much to do with our being in this position. Hence, his mentorship and guidance at this point in time would have been invaluable. With him gone, all we can do is to commit to emulating his example. Because he was a businessman for whom financial wealth and success was most useful when it was put to the service of the global community,” said Mr Mahindra. 

Kiran Mazumdar Shaw, founder of Biocon Limited and Biocon Biologics, tweeted a throwback picture remembering Mr Tata.
 

This is a picture I will cherish forever. Such a great man and a great mind. Blessed to have known him. Om Shanthi pic.twitter.com/c5LDTgzw8o

— Kiran Mazumdar-Shaw (@kiranshaw) October 9, 2024

Ratan Tata became chairman of the $100 billion steel-to-software conglomerate in 1991 and ran the group founded by his great-grandfather more than a hundred years ago until 2012.

He founded telecommunications company Tata Teleservices in 1996 and took IT company Tata Consultancy Services public in 2004.

In a role reversal in 2004, Tata Group, an Indian company, having acquired iconic British car brands – Jaguar and Land Rover – found itself cast as reverse colonialists.

In 2009, Ratan Tata fulfilled his promise to make the world’s cheapest car accessible to the middle class. The Tata Nano, priced at Rs 1 lakh, became a symbol of innovation and affordability.

Mr Tata was twice the Chairperson of the Tata Group conglomerate, from 1991 to 2012 and from 2016 to 2017. Although he stepped back from the company’s day-to-day running, he continued to head its charitable trusts.

Cyrus Mistry, who succeeded Ratan Tata as chairman of Tata Sons but was later ousted in India’s most high-profile boardroom coup, died in a car crash in 2022. The bitter feud between the two remained unsolved.  

After stepping down, Ratan Tata became chairman emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel and Tata Chemicals.

Long after retirement, Mr Tata remained a popular figure on social media, with heartfelt posts about animal rights (particularly dogs) and appeals to Indian citizens.

Carrying on a tradition dating back to the time of Jamsetji Tata, Ratan Tata ensured that Bombay House, the Tata group’s headquarters, remained a haven for stray dogs.

With over 13 million followers on X and nearly 10 million on Instagram, he was the ‘most followed entrepreneur’ in India, according to the 360 ONE Wealth Hurun India Rich List 2023.

Early Life
Born in 1937, Ratan Tata was raised by his grandmother, Navajbai Tata, after his parents separated in 1948.

He studied architecture at Cornell University, and followed it up with a management course at Harvard.

By his own account, the bachelor industrialist came close to getting married on four occasions.

He once admitted that he fell in love while working in Los Angeles. But because of the ongoing 1962 Indo-China War, the girl’s parents refused to let her move to India.

Honours
In 2008, he received the Padma Vibhushan, India’s second- highest civilian honour. He had received the Padma Bhushan, the third highest, in 2000.

Largest Shareholder In Tata Group
The largest shareholder in Tata Group is another Parsee businessman Pallonji Shapoorji Mistry, whose 18% stake is worth 5 billion pound. His son-in-law, Noel, is also Ratan Tata’s half brother.

A flood affected locality at Singtam, in Gangtok district, Wednesday, October. 4, 2023.
| Photo Credit: PTI

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FILE PHOTO: A man walks past a screen displaying Tata Steel logo before the start of a news conference in Mumbai, India May 25, 2016. REUTERS/Danish Siddiqui TPX IMAGES OF THE DAY/File Photo
| Photo Credit: DANISH SIDDIQUI

Tata Steel on July 24 posted over 93% decline in consolidated net profit to ₹524.85 crore for the April-June quarter of 2023-24 on account of higher expenses.

It had posted ₹7,714 crore net profit in the corresponding period of 2022-23, according to a company filing to exchanges.

Total income also declined to ₹60,666.48 crore from ₹63,698.15 crore in the year-ago quarter, a fall of 4.75%.

Expenses soared to ₹58,553.25 crore in the first quarter of FY24 as against ₹51,912.17 crore a year ago.