\n
Indian tycoon Ratan Tata has died aged 86, says the Tata Group, the conglomerate he led for more than two decades.<\/p>\n
Tata was one of India\u2019s most internationally recognised business leaders.<\/p>\n
The Tata Group is one of India\u2019s largest companies, with annual revenues in excess of $100bn (\u00a376.5bn).<\/p>\n
In a statement announcing Tata\u2019s death, the current chairman of Tata Sons described him as a \u201ctruly uncommon leader\u201d.<\/p>\n
Natarajan Chandrasekaran added: \u201cOn behalf of the entire Tata family, I extend our deepest condolences to his loved ones.<\/p>\n
\u201cHis legacy will continue to inspire us as we strive to uphold the principles he so passionately championed.\u201d<\/p>\n
During his tenure as chairman of the Tata Group, the conglomerate made several high-profile acquisitions, including the takeover of Anglo-Dutch steelmaker Corus, UK-based car brands Jaguar and Land Rover, and Tetley, the world\u2019s second-largest tea company.<\/p>\n
A profile published in the Economist magazine in 2011 called Tata a \u201ctitan\u201d, crediting him with transforming the family group into \u201ca global powerhouse\u201d.<\/p>\n
\u201cHe owns less than 1% of the group that bears his family name. But he is a titan nonetheless: the most powerful businessman in India and one of the most influential in the world,\u201d the magazine said.<\/p>\n
In 2012, he retired as chairman of the group and was appointed chairman emeritus of Tata Sons, the group\u2019s holding company.<\/p>\n
Indian Prime Minister Narendra Modi hailed Tata as a \u201cvisionary business leader, a compassionate soul and an extraordinary human being\u201d.<\/p>\n
Paying tribute on X, formerly known as Twitter, Modi recounted \u201ccountless interactions\u201d with Tata and said he was \u201cextremely pained\u201d by his death.<\/p>\n
Tata was born in a traditional Parsi family in 1937. He studied architecture and structural engineering at Cornell University in the US.<\/p>\n
In 1962, he joined Tata Industries \u2013 the promoter company of the group \u2013 as an assistant and spent six months training at a company plant in Jamshedpur.<\/p>\n
From here, he went on to work at the Tata Iron and Steel Company (now Tata Steel), Tata Consultancy Services (TCS) and National Radio and Electronics (Nelco).<\/p>\n
In 1991, JRD Tata, who had led the group for over half a century, appointed Ratan Tata as his successor. \u201cHe [JRD Tata] was my greatest mentor\u2026 he was like a father and a brother to me \u2013 and not enough has been said about that,\u201d Tata later told an interviewer.<\/p>\n
In 2008, the Indian government awarded him the Padma Vibhushan, the country\u2019s second-highest civilian honour.<\/p>\n
Peter Casey, author of The Story of Tata, described Tata as a \u201cmodest, reserved and even shy man\u201d who had a \u201cstately calm\u201d about him and a \u201cfierce discipline\u201d.<\/p>\n
He was drawn into a rare unsavoury controversy in 2016, when his successor as Tata Sons chairman, Cyrus Mistry, was ousted from the role, sparking a bitter management feud. Mistry died in a car crash in 2022.<\/p>\n
The business tycoon also had a lighter side to him. His love for fast cars and planes was well-known \u2013 the Tata group website describes these as some of his \u201cenduring passions\u201d.<\/p>\n
Tata was also a scuba diving enthusiast, a hobby that fizzled with age \u201cas his ears could take the pressure no more\u201d.<\/p>\n
He was also a dog lover and fondly remembered the many pets who gave him company over the decades.<\/p>\n
\u201cMy love for dogs as pets is ever strong and will continue for as long as I live,\u201d the industrialist said in a 2021 interview.<\/p>\n
\u201cThere is an indescribable sadness every time one of my pets passes away and I resolve I cannot go through another parting of that nature. And yet, two-three years down the road, my home becomes too empty and too quiet for me to live without them, so there is another dog that gets my affection and attention, just like the last one,\u201d he said.<\/p>\n
He was also often praised for his simplicity. In 2022, a video of him travelling in a Nano car \u2013 one of the world\u2019s cheapest cars, now mostly remembered as one of Tata\u2019s failed dreams \u2013 went viral on social media.<\/p>\n
\u00a0<\/p>\n
\u2014\u2013<\/p>\n
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