Ratan Tata, the former chairman of Tata Sons, passed away on Thursday at the age of 86. Reports indicate that the veteran industrialist was initially admitted to Breach Candy Hospital in Mumbai after experiencing a sudden drop in blood pressure.
His condition worsened, leading to his transfer to the intensive care unit (ICU).
Ratan Tata’s Remarkable Journey: Legacy of Leadership and a Billion-Dollar Net Worth
Earlier in the week, reports emerged of Ratan Tata being admitted to the hospital, but he quickly reassured the public, stating that he was undergoing routine medical check-ups due to age-related health concerns.
However, concerns heightened as his condition reportedly worsened. On Monday, Tata addressed the rumors about his health on social media, stating, “There is no cause for concern. I remain in good spirits.” He emphasized that his medical evaluations were routine and urged the public and media to avoid spreading misinformation.
Ratan Tata was a prominent figure in Indian industry, having taken over as chairman of Tata Sons in 1991. During his tenure, he transformed the Tata Group from a predominantly domestic company into a global powerhouse, acquiring major international brands such as Tetley, Corus, and Jaguar Land Rover.
Under his leadership, Tata Group grew into a global business empire valued at over $100 billion. Tata retired in December 2012, with Cyrus Mistry succeeding him as chairman. Mistry tragically passed away in a car accident in 2022.
