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Ratan Tata, Chairman Emeritus of Tata Group, Dies at 86 in Breach Candy Hospital, Leaving Legacy of $100 Billion Revenue and Philanthropy

Oct 10, 2024, 07:24 AM

Ratan Tata, the chairman emeritus of India's Tata Group, passed away on October 9 at the age of 86 in Breach Candy Hospital, Mumbai, after battling age-related ailments. His death has been confirmed by multiple sources, including a statement from the Tata Group. Tata was a prominent figure in Indian industry, known for transforming the Tata Group into a global powerhouse during his tenure from 1991 to 2012. Under his leadership, the group expanded significantly, achieving a rise in revenue from $5.7 billion to nearly $100 billion and making landmark acquisitions such as Jaguar Land Rover. His legacy extends beyond business; he was also recognized for his philanthropy, dedicating over 65% of his shares to charitable trusts. Following his passing, tributes poured in from industry leaders and politicians, highlighting his impact on Indian society and the global business landscape. The Maharashtra government declared a day of mourning, and Tata was cremated with full state honors, attended by hundreds of mourners, including corporate leaders and celebrities.