Ratan Tata, chairman emeritus of Tata Sons, one of India’s largest companies, died at the age of 86. On Monday, the entrepreneur denied suspicions about his health in a social media post, stating that he was undergoing standard medical tests owing to his age.
Here are 15 key facts about his life and contributions:
- Ratan Tata, an iconic figure in Indian industry and philanthropy, passed away on October 9, 2024.
- Ratan Naval Tata was born in Mumbai on December 28, 1937. His grandmother raised him after his parents divorced when he was ten years old.
- He graduated from Cornell University in 1962 with a degree in architecture after initially studying mechanical engineering.
- Ratan Tata started his career at Tata Steel in 1961, where he worked on the shop floor overseeing operations.
- He became the chairman of Tata Sons in 1991 and served until 2012, briefly returning as interim chairman in 2016.
- Under his leadership, the Tata Group expanded to operate in over 100 countries, achieving significant revenue growth.
- Ratan Tata led several high-profile acquisitions, including Jaguar Land Rover and Corus, transforming Tata into a global conglomerate.
- He introduced the Tata Nano in 2009, marketed as the world’s cheapest car at a price of Rs. 1 lakh.
- Tata was known for his philanthropic efforts, with approximately 66% of Tata Sons owned by charitable trusts that support education and healthcare.
- Ratan Tata never married and had no children, focusing instead on his business and philanthropic endeavors.
- He was a skilled pilot and became the first Indian to fly an F-16 Falcon in 2007.
- Ratan Tata received numerous accolades, including the Padma Bhushan in 2000 and the Padma Vibhushan in 2008 for his contributions to industry and society.
- His tenure saw a more than 40-fold increase in revenues and over a 50-fold increase in profits for the Tata Group.
- The Tata Group faced significant challenges during events like the 2008 Mumbai terrorist attacks, where their flagship hotel was targeted.
- One of his last major achievements was the reacquisition of Air India in 2021, nearly 90 years after it was nationalized.
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