“He (Ratan Tata) inspired thousands of workers and created jobs for millions for generations. A man loved and respected by all. My deepest condolences to him said actor Rajinikanth on the passing away of India’s most iconic businessman, Ratan Tata.
In this regard, he posted a eulogy on his X site page: “He put India on the world map with his vision and passion. He inspired thousands of workers and created jobs for millions for generations. A man loved and respected by all. Every moment I spent with that great man was cherished. My deepest condolences to him. The true son of India is no more today.
Renowned businessman Ratan Tata passed away on October 9th (Wednesday) at 11 pm in a hospital in Mumbai due to poor health. He was 86 years old. From political leaders, multifaceted celebrities to common people, many people are condoling his death.
Ratan Tata Biography
Ratan Tata was a famous businessman who was the chairman of the Tata Group and has contributed a lot to its growth. He was born in a wealthy family in Mumbai. Great grandson of Tata Group founder Jamshedji Tata he studied B.Sc in Structural Engineering from Cornell University, USA in 1962. In 1975 from Harvard Business School with an Advanced Management Degree. Joined the Tata Group in 1962. In 1971, he took over as managing director of The National Radio and Electronics Company (Nelco), which was in dire financial straits. Nelko recovered due to his advice. In 1991, he took over as the Chairman of the Tata Group from JRD Tata. He introduced many new projects and increased the company’s income by 10 times. Tata Group acquired foreign companies such as Corus and Jaguar Land Rover.
Tata Group has the highest market capitalization in the stock market. Tata Consultancy Services became a public company under his guidance. Also listed on the New York Stock Exchange. Whenever he saw a middle class family struggling with 4 people on a bike, he was inspired to make a small car at a low cost. This dream became a reality in 1998 in the form of ‘Tata Indica’. He announced that he will release the cheapest car in the world for Rs.1 lakh. When the Tata Nano car was launched in 2008, its production cost increased. However, he refused to raise the price.
Ratan was a businessman who brought about a great change in the motor vehicle industry in India. He was a member of the Prime Minister’s Committee on Business and Industries. He has been a member of the Board of Trustees of various foreign foundations. Bill Gates was also on the India AIDS Project Committee. He has received honors such as Padma Bhushan, Padma Vibhushan, Carnegie Medal for Merit, Honorary Citizen Status by Singapore Government and Honorary Knight Commander of British Empire by British Government. He was featured in Time magazine’s 100 Most Influential People and World’s Most Powerful People list. He was the Tata Group Chairman till 2012 and currently heads Tata Group Trusts.