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Ratan Tata passed away: Ratan Tata, India's biggest business tycoon and honorary chairman of Tata Sons, died on Wednesday at the age of 86. According to news agency PTI, Ratan Tata was admitted to the ICU at Breach Candy Hospital in Mumbai in a critical condition. Two days ago, information about his ill health was broadcast on a news channel.
Earlier on Monday too, there were reports of Ratan Tata's health deteriorating, but Ratan Tata himself denied this news several times. He urged the public and media to avoid spreading false information and said there was no need to worry. I'm fine! Tata, 86, termed the reports of his hospitalization in Mumbai as rumors and said that these claims are baseless.
N Chandrasekaran confirmed
N Chandrasekaran issued a statement on the demise of Ratan Tata. He said that it is with great sadness that we bid farewell to Ratan Naval Tata. His incredible contributions have shaped the building of not only the Tata Group but also our nation. He was more than the chairman of Tata Group. For me he was a guru, a guide and a friend. He always inspired me.
PM expressed grief over the demise of Ratan Tata
Prime Minister Narendra Modi has expressed condolences on the demise of Ratan Tata. “My mind is filled with countless conversations with Ratan Tataji,” he wrote on his official X handle. When I was the Chief Minister of Gujarat, I used to meet him often. We used to exchange views on various issues. I find his perspective very rich. This conversation continued even after coming to Delhi. I am deeply saddened by his demise. My thoughts are with his family, friends and fans in this hour of grief. Om peace.
Ratan Tata was awarded Padma Vibhushan
Business tycoon Ratan Tata was born on 28 December 1937 in Mumbai to Naval Tata and Suni Tata. In the year 2008, the Central Government honored Tata with 'Padma Vibhushan'. After graduating from Cornell University with a degree in architecture, he returned to India and began working for the group founded by his great-grandfather nearly a century earlier in 1962.
He founded the telecom firm Tata Teleservices in 1996, which The largest acquisition by a foreign firm was and started IT firm Tata Consultancy Services in 2004. The Tata Group purchased British tea company Tetley for $432 million in 2000 and Anglo-Dutch steelmaker Corus for $13 billion in 2007, the largest acquisition of a foreign company by an Indian company at that time. After this, Tata Motors purchased British luxury auto brands Jaguar and Land Rover from Ford Motor Company in 2008 for $2.3 billion.
Ratan Tata's favorite projects
Among his favorite projects at Tata Motors are the Indica and the Nano. It was the first car model designed and manufactured in India and was described as the world's cheapest car. He prepared preliminary sketches for both models.