Ratan Tata, who used to be the head of the Indian company Tata Sons, passed away Wednesday night in a hospital in Mumbai. He was 86 years old.
In a statement, Tata Sons chairman Natarajan Chandrasekaran announced Tata’s death and called him his “friend, mentor, and guide.” He didn’t say what killed the person.
Tata was taken to the Breach Candy Hospital in south Mumbai, where he lived, this week. Soon after he was admitted to the hospital, Tata said in a statement on Monday that there was no reason to worry about his health and that he was getting checked for age-related health problems.
Tata grew his business into a huge group of almost 100 companies, such as India’s biggest automaker, its biggest private steel company, and its biggest outsourcing company. More than 350,000 people work for the companies around the world. Ford sold Jaguar and Land Rover to Tata for $2.3 billion in June 2008.
Narendra Modi, the prime minister of India, called Tata a creative leader, a caring person, and an amazing person.
“He led one of India’s oldest and most prestigious business houses in a stable way.” “But he did a lot more than just work in boardrooms,” Modi said on the social media site X.
Sundar Pichai, CEO of Google, said that Tata left behind an amazing business and charitable legacy and that he was a big part of teaching and training new business leaders in India.
“He deeply cared about making India better,” he stated.
Tata Steel, Tata Motors, Tata Power, and the IT company Tata Consultancy Services are all owned by the Tata family.
When Tata started an airline in India in 1932, it was the first business flight in the country. This airline later became Air India. In the end, the government took it over.
In 2021, Tata Group bought Air India, which was owned by the government. This company also started a full-service airline called Vistara with Singapore Airlines. It recently merged Vistara with Air India.
The Tata Nano, a small car with a rear engine that cost about 100,000 rupees (about $2,000 at the time), shocked the auto business when it came out in 2009. It was billed as a “people’s car,” and it could fit up to five adults. Ratan Tata had said that it would give millions of middle- and low-income Indians a “safe, affordable, all-weather form of transportation.”
But the tiny car didn’t sell well, so the company quit making them in 2018.
A bachelor’s degree in design was earned by Ratan Tata from Cornell University. He became a part of the Tata Group in 1961 and took over as head of Tata Sons when J.R.D. Tata retired in 1991.
Tata stepped down as head of the Tata Sons in December 2012. After his replacement, Cyrus Mistry, was fired in October 2016, he took over as chairman for a short time. When Chandrasekaran was named chairman in 2017, he went back to retirement.
Present at the burial were India’s Home Minister Amit Shah, representatives of the Tata Group and the local government, and Tata’s relatives as well as Mumbai police who paid him a ceremonial gun salute. Later on he was burnt in an electric crematorium.
His remains was transported to Mumbai’s National Centre for the Performing Arts earlier Thursday, where thousands of people including businesspeople, state officials, and some of India’s most famous personalities lined up to pay their last respects to a man viewed by many as an industry legendary and icon.
Tata Sons Chairman N Chandrasekaran stated, “We bid farewell to Mr. Ratan Naval Tata with profound loss, as he was an extraordinary leader whose invaluable contributions have influenced both the Tata Group and the essence of our nation.”
Sundar Pichai, CEO of Google, said that Tata left behind an amazing business and charitable legacy. He also said that Tata was a big part of teaching and training new business leaders in India.
Chairman and CEO of Reliance Industries Mukesh Ambani said, “It is a very sad day for India and India Inc.” Every Indian feels sad about Ratan Tata’s death, not just the Tata Group.
Ratan Tata’s last “pet project” was a small animal hospital in Mumbai. In the months before he died, Ratan Tata’s last “pet project” was building a cat hospital in Mumbai. The hospital opened in July in Mahalaxmi. It is a five-story building that can hold almost 200 patients.
Ratan Tata Girlfriend
Simi Garewal, who used to be an actor, wrote a touching note about saying goodbye to her “friend” Ratan. Simi Garewal once said that she loved Ratan Tata for a short time, but she later married someone else. In spite of that, they stayed good friends.
Amitabh Bachchan Mourns Ratan Tata’s Death: “An Era Has Just Passed Away”
As a tribute to Ratan Tata, Amitabh Bachchan, who worked with him on the movie Aetbaar, gave a touching message. On his Instagram, Amitabh Bachchan posted a picture of himself and Ratan Tata. Under the picture, he wrote, “An era has just passed…his humility, his great resolve, his vision, and his determination to do the very best for the Nation, ever a pride.”Giving us the chance to work together on shared humanitarian projects was the greatest honor of my life. A very sad day… my prayers.”
Ratan Tata Net Worth 2024
Ratan Tata gained a lot of fame as an entrepreneur and a generous person. In 2024, he was worth ₹3,800 crores. He made a lot of money through Tata Sons, and a lot of it goes to charity work. He has given a lot of money to support healthcare, schooling, and rural development, which shows how much he cares about the well-being of everyone.
Ratan Tata’s Pay and Assets That Bring In Money
People who used to be head of Tata Sons are said to get ₹2.5 crores, or about $300,000 a year. Compared to the other top leaders in the same field, it’s not very big. He also gets profits from the small share of Tata Sons that he owns.
Homes for sale
His sea-facing house in Colaba, Mumbai, which cost more than ₹150 crores, is the most famous of all the homes he owns.
Income and Assets
In addition to his pay, Tata gets dividends from the small amount of stock he owns in Tata Sons. It is important to note, though, that about 66% of Tata Sons’ profits go to charity trusts. These trusts pay for a wide range of good causes in India, such as healthcare and education.
Funds invested
Ratan Tata has a small share in Tata Sons, which is worth a lot because the conglomerate has a lot of businesses in a lot of different fields. Although these investments are a big part of his income, most of it goes to charity through the Tata Trusts.
Other Investments: He has put money into a number of startups and tech companies, such as Ola and Paytm, which shows that he wants to encourage new ideas and help young businesses.
Ratan Tata Cars
Some of his cars, from Tata models to high-end names, show how much he loves cars. These are some important facts about the cars he has:
Tata Nano
The Tata Nano is known as “The People’s Car.” It was made to be the cheapest car in the world. Ratan Tata has a model that has has a facelift. This car comes in a unique blue-and-silver color combination.
Tata Nexon
People love how safe this car is, which makes it one of Tata Motors’ best-selling SUVs.
