MUMBAI: In a profound loss for India and the global business community, iconic Indian industrialist, chairman emeritus of one of India's biggest conglomerates, Tata Sons, Ratan Naval Tata, who besides being a national industry icon was one of the most generous philanthropists who donated substantial personal wealth for charity died at 86 on Wednesday 9th October, at the Breach Candy Hospital Trust, Mumbai due to age-related issues.

N Chandrasekaran, Chairman, of Tata Sons which is the custodian of most of the Tata group companies and its largest shareholders in a late-night statement on Wednesday, announced the death of Mr Tata, hailing the industrialist's unwavering commitment to excellence, integrity, and innovation.  

"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," said Mr Chandrasekaran.

"For the Tata Group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide and friend. He inspired by example. With an unwavering commitment to excellence, integrity, and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass," said Mr Chandrasekaran.

Remembering Mr Tata's contribution to philanthropy, Mr Chandrasekharan said "from education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come"

A Legacy of Leadership Ratan Tata was born on December 28, 1937, into one of India's most prominent business families. He took over the reins of the Tata Group in 1991 and served as chairman until his retirement in 2012. Under his leadership, the conglomerate expanded its footprint internationally, acquiring several high-profile companies, including 'Jaguar Land Rover' and 'Corus Steel'. His vision not only propelled the Tata Group to new heights but also placed it firmly on the global map. Known for his humility and philanthropic spirit, Tata was instrumental in steering the group towards a more socially responsible business model. 

He championed initiatives in education, healthcare, and rural development, ensuring that the Tata Group's profits contributed to the betterment of society. His commitment to corporate social responsibility has left an indelible mark on the Indian corporate landscape.

Public Mourning and Tributes Following the announcement of his death, tributes poured in from across the globe. Leaders from various sectors, including politics, business, and entertainment, expressed their condolences, highlighting Tata's contributions to India and the world.  Prime Minister Narendra Modi led the tributes, hailing the industrialist as " a compassionate soul and an extraordinary human being".

"Shri Ratan Tata Ji was a visionary business leader, a compassionate soul and an extraordinary human being. He provided stable leadership to one of India's oldest and most prestigious business houses. At the same time, his contribution went far beyond the boardroom. He endeared himself to several people thanks to his humility, kindness and an unwavering commitment to making our society better," the Prime Minister posted on X in a series of tweets along with pictures.

The Tata Group held a public viewing of Tata's mortal remains at the NCPA lawns in Nariman Point, Mumbai, where thousands of admirers and well-wishers gathered to pay their respects. His last rites would be conducted with full state honours at the Worli crematorium,  

Ratan Tata's influence extended beyond business; he was a symbol of integrity and ethical leadership. His approach to business was characterized by a deep sense of responsibility towards employees, customers, and the community. He often emphasized the importance of values in business, stating, "I don't believe in taking right decisions. I take decisions and then make them right." 

As the world reflects on the life of Ratan Tata, it is clear that his contributions to industry and society will be remembered for generations to come. His passing leaves a significant void, but his legacy of innovation, philanthropy, and ethical leadership will continue to inspire countless individuals and organizations.