India (Commonwealth Union)_ Ratan Tata, the esteemed chairman emeritus of Tata Sons, passed away at the age of 86, leaving behind an indelible legacy in both the business world and philanthropy. Just days before his demise, he had reassured his followers about his health, a statement that now resonates deeply with the nation. His death marks a poignant moment for India, as tributes pour in from across the political and business spectrums, highlighting the profound impact he had on the country and beyond.
Also read: Indian business tycoon named world’s most charitable man
A tribute from Tata Sons
In a statement released on Wednesday, N Chandrasekaran, the current chairman of Tata Sons, expressed the collective sorrow felt by many, stating, “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.” He acknowledged Tata’s unwavering commitment to excellence and integrity, which not only shaped the Tata Group but also contributed significantly to the fabric of Indian society. Chandrasekaran further emphasized Tata’s philanthropic initiatives, particularly in education and healthcare, asserting that these efforts would benefit generations to come.
Also read: India’s grand voyage: Ambitious Cruise Bharat Mission to boost cruise tourism in India!
Health struggles and final days
Ratan Tata had been in critical condition prior to his passing, admitted to Mumbai’s Breach Candy Hospital for routine medical examinations linked to his age. His hospitalization and subsequent death shocked many, as he had dismissed health speculations just two days earlier in a social media post. This contrast of reassurance and tragedy adds a poignant dimension to his legacy.
State funeral honors
Following the tragic news of Tataji’s death, the Maharashtra government announced that Tata would receive a state funeral, an honor reflective of his significant contributions to the nation. Chief Minister Eknath Shinde mourned the business leader’s demise and confirmed that Tata’s last rites would be conducted with full state honors, attended by dignitaries including Home Minister Amit Shah. The decision to fly the national flag at half-mast across government offices underscores the national significance of his life and work.
Last social media post: “Thank you for thinking of me”
In his last social media post, Ratan Tata addressed health rumors, assuring his followers that they were unfounded. He mentioned he was undergoing routine check-ups due to his age but remained in good spirits. He had stated, “I am aware of recent rumours circulating regarding my health and want to assure everyone that these claims are unfounded. I am currently undergoing medical check-ups due to my age and related medical conditions. I remain in good spirits”. Furthermore, according to the 360 ONE Wealth Hurun India Rich List 2023, with over 13 million followers on X and nearly 10 million on Instagram, Tata was recognized as the most followed entrepreneur in India.
Outpouring of tributes
Following the shocking news of Tata’s death, tributes began flooding in from leaders across various sectors. Prime Minister Narendra Modi described Tata as “a visionary business leader, a compassionate soul, and an extraordinary human being,” praising his visionary leadership and deep commitment to societal betterment. Other prominent figures, including Rahul Gandhi, President Droupadi Murmu, Sundar Pichai, Mukesh Ambani, Anand Mahindra, Gautam Adani, Microsoft co-founder Bill Gates, cricket legend Sachin Tendulkar, bollywood celebrities, Indian Americans, cricket commumnity and other political and business leaders, also expressed their condolences, highlighting the profound impact Tata had on the nation and the values he embodied.
A legacy of charity
Ratan Tata’s life was not solely defined by his business acumen. He was also a formidable philanthropist. As the chairman of the Tata Trusts, he steered significant resources toward improving healthcare, education, and social welfare in India. His commitment to animal welfare was evident in the recent inauguration of a ₹165 crore state-of-the-art hospital for small animals, reflecting his deep affection for dogs, which further reflects his compassionate nature. Under his leadership, the Tata Group invested heavily in various social causes and rural empowerment, ensuring that the conglomerate’s wealth translated into societal benefits. His donations extended to healthcare and educational institutions, significantly impacting thousands of lives.
The Tata Trusts, which hold a majority stake in Tata Sons, have been pivotal in ensuring that the wealth generated by the Tata Group is utilized for social good. Tata is the Chairman of Ratan Tata Trust and Dorabji Tata Trust, two of the largest private-sector-promoted philanthropic trusts in India. His commitment to philanthropy is well-known, as he has led the Tata Group and Tata Trusts in significant contributions to healthcare and education, including notable donations to the University of California, San Diego, and his alma mater.
Even after retirement, Ratan Tata maintained a strong social media presence, sharing heartfelt posts on animal rights, especially for dogs, and encouraging civic responsibility among Indian citizens. He continued a tradition started by Jamsetji Tata by ensuring that Bombay House, the Tata Group’s headquarters, served as a refuge for stray dogs. Tata leaves behind a remarkable legacy in both business and philanthropy and played a key role in nurturing modern business leadership in India.
Business journey: The Tata Group – A global powerhouse
Ratan Tata’s tenure at the helm of Tata Sons marked a transformative era for the Tata Group, which expanded under his leadership into a global conglomerate. With acquisitions like Jaguar Land Rover and the launch of the Tata Nano, he positioned Tata Motors Ltd as a symbol of innovation and accessibility in the automotive sector. Tata’s visionary approach not only diversified the company’s portfolio but also reinforced its commitment to social responsibility.
Ratan Tata served as chairman of the Tata Group from 1991 to 2012, guiding the $100 billion conglomerate founded by his great-grandfather. He launched Tata Teleservices in 1996 and took Tata Consultancy Services public in 2004. Tata also facilitated major acquisitions, such as Tetley by Tata Tea and Corus by Tata Steel. In 2021, Tata Sons regained control of Air India, marking a significant return after nearly 90 years. Although he stepped back from daily operations, he remained active in philanthropy and held roles as chairman emeritus of various Tata companies.
Furthermore, Ratan Tata transformed the Tata Group into a global conglomerate, integrating brands like Jaguar Land Rover, Ritz Carlton, and Piaggio. His passing marks the loss of an icon who combined corporate success with ethical practices and nation-building. A recipient of the Padma Vibhushan and Padma Bhushan, he advanced the Tata legacy and enhanced its global stature.
Early life and education
Born on December 28, 1937, Ratan Tata was raised in Mumbai, inheriting the legacy of his great-grandfather, Jamsetji Tata, who founded the Tata Group. His academic journey took him to Cornell University for architecture and later to Harvard for a management course, setting a solid foundation for his future endeavors. Despite facing personal challenges, including near marriages that did not materialize, Tata’s focus remained steadfast on his professional journey, ultimately leading him to become one of India’s most respected industrialists.
Honors and recognition
Tata’s contributions to India were recognized with prestigious awards, including the Padma Vibhushan and Padma Bhushan, the country’s second and third highest civilian honors. These accolades reflect not just his business achievements but also his unwavering commitment to the nation’s development.
Ratan Tata’s personal philosophy
Throughout his life, Ratan Tata emphasized the importance of integrity, compassion, and innovation. His philosophy on leadership, prioritizing responsibility over excuses, continues to inspire future generations of business leaders. Notably, his belief that true progress involves caring for those who cannot care for themselves has left an enduring impact on Indian society.
Here are some of his inspirational quotes:
- I don’t believe in taking right decisions. I take decisions and then make them right.
- None can destroy iron, but its own rust can. Likewise, none can destroy a person, but their own mindset can.
- The biggest risk is not taking any risk. In a world that is changing quickly, the only strategy that is guaranteed to fail is not taking risks.
- The best leaders are those most interested in surrounding themselves with assistants and associates smarter than they are.
- Never underestimate the power of kindness, empathy, and compassion in your interactions with others.
End of an era
India’s most lovable business leader, Ratan Tata,’s passing represents the end of an era in Indian business. His remarkable journey, characterized by ethical leadership and a profound commitment to societal betterment, has left an enduring mark on the country. The legacy he leaves behind is not just one of business success, but also one of compassion and service to humanity. As India mourns the loss of this national icon, it is clear that Ratan Tata will continue to inspire future leaders and entrepreneurs to pursue not only excellence in business but also a genuine commitment to the welfare of society.
