Ratan Tata, iconic Indian industrialist, passes away at 86

Ratan Naval Tata, former chairman of Tata Sons, has passed away at the age of 86, said Tata Group in a statement on Thursday.

The respected Indian industrialist, who ran the conglomerate as its chairman for over 20 years, had been undergoing intensive care in a Mumbai hospital.

In the statement, current Tata chairman Natarajan Chandrasekaran described Tata as ‘a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation.’

“For the Tata group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide, and friend,” the statement read.

“With an unwavering commitment to excellence, intergrity, and innovation, the Tata Group under his sterwardship expanded its global footprint while always remaining true to its moral compass," it added.

The statement also said that, from education to healthcare, Tata’s  initiatives have left a deep-rooted mark that will benefit many generations to come.

During his time as Tata Group chairman, he made several high-profile acquisitions, such as the Anglo-Dutch steelmaker Corus, UK-based car brands Jaguar and Land Rover, and Tetley, the world’s second-largest tea company.

Tata never married and had no children.

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