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| Hillary Clinton along with Ratan Tata and Mukesh Ambani at the business meet at Hotel Taj Mahal. (Express photo) |
Ratan Naval Tata, the esteemed Chairman Emeritus of Tata Sons, passed away at the age of 86 on Wednesday night at Breach Candy Hospital in Mumbai. His remarkable journey, from his early days at Tata to steering the conglomerate's global expansion, has left an indelible mark on India’s business landscape.
Ratan Tata’s Journey with the Tata Group
Tata, born on December 28, 1937, began his career with the Tata Group in 1962 and rose through the ranks to become one of the most influential leaders in India Inc. In 1991, he succeeded his uncle, JRD Tata, as the Chairman of Tata Sons, taking on the challenge of unifying and expanding the Tata empire.
Highlights of Ratan Tata’s Leadership:
- Increased Stake and Cohesion: Upon taking over, Tata set out to strengthen the Tata Group by increasing its stake across companies and enforcing a retirement policy for senior executives, such as Russi Mody at Tata Steel and Darbari Seth at Tata Chemicals.
- Expansion and Globalization: Under his leadership, the group launched a global acquisition spree, starting with Tata Tea's acquisition of Tetley in 2000. Major milestones included Tata Steel’s purchase of Corus and Tata Motors’ acquisition of Jaguar Land Rover.
Philanthropy and Legacy
Ratan Tata’s influence extended beyond the boardroom through his philanthropic efforts. His work with Tata Trusts impacted millions, focusing on areas like healthcare, education, and rural development. For his contributions to society, he was honored with India's Padma Vibhushan and was globally recognized with awards like the Knight Grand Cross of the British Empire.
The Mistry Era and Succession
After Ratan Tata’s retirement as Chairman of Tata Sons in 2012, Cyrus Mistry took the helm. However, the relationship soured, leading to Mistry’s dismissal in 2016. Ratan Tata returned briefly as interim chairman, and in 2017, Natarajan Chandrasekaran took over as chairman, continuing the legacy of Tata’s vision and values.
A Lasting Impact on India Inc.
Ratan Tata’s impact on Indian business culture is monumental. His emphasis on innovation and integrity transformed the Tata Group into a global powerhouse, solidifying its position as a leader in industries ranging from technology and automobiles to hospitality and steel. His legacy endures through Tata’s continued commitment to corporate social responsibility, ensuring his name remains synonymous with trust, vision, and excellence.
More News About The Legend Passed Away
As India mourns the passing of this iconic leader, his extraordinary contributions to both business and society will continue to inspire future generations. Ratan Tata's legacy reflects the values of integrity, resilience, and philanthropy that he championed, leaving a blueprint for leadership that transcends industries and national borders.
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