Ratan Tata, iconic Indian tycoon, dies at 86

Ratan Tata, July 23, 2015, in Detroit (United States). REBECCA COOK / REUTERS Ratan Tata, former president of the oldest Indian conglomerate, Tata Sons, died on the night of Wednesday October 9 to Thursday October 10, in a Bombay hospital. He was 86 years old. Current Tata Sons chairman Natarajan Chandrasekaran confirmed his passing, describing the Indian tycoon as his “friend, mentor and guide” in a statement. “It is with great regret that we say goodbye to Mr. Ratan Navel Tata, a truly extraordinary boss,” wrote, for its part, the Tata group on the social network the group that bears his name into a global conglomerate. Mr Tata had been admitted to Breach Candy Hospital in south Mumbai this week. On At the same time, his contribution went well beyond the boardroom. » Manager attentive to his employees Born in 1937 in Bombay, Ratan Tata wanted to become an architect and was working in the United States when his grandmother, who raised him, asked him to return to the country to join the family business, founded in 1868. He cut his teeth in a Tisco workshop (now Tata Steel), near the blast furnaces, living in an apprentice hostel. He took over the family empire in 1991, riding the wave of liberal reforms that India was then implementing. Mr Tata’s twenty-one years at the helm of the salt-to-steel conglomerate saw the group expand to include British luxury car brands such as Jaguar and Land Rover. The hard-core bachelor retired in 2012, but then kept an eye on his empire, even taking over the business for a few months four years later. He has since been honorary president. The companies of the Tata empire achieved more than $165 billion in turnover in 2023-2024, surpassing the $365 billion in market capitalization at the end of the financial year at the end of March. The Tata Group said its philanthropic work had “touched the lives of millions”. “From education to healthcare, his initiatives have left a profound mark that will benefit generations to come,” he added. The man who was one of the most influential men in India has long benefited from the image of a manager attentive to his employees. Also read our archive (2017) | Article reserved for our subscribers In India, Ratan Tata delivers his will as a big boss Add to your selections Le Monde with AFP Reuse this content



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