Saturday, March 29, 2025
-Advertisement-

Indian Billionaire Ratan Tata Passes Away at 86

- Advertisement -

Ratan Tata, the former chairman of the Tata Group, who transformed the Indian conglomerate into a global powerhouse through a series of landmark acquisitions, passed away at the age of 86. The Tata Group announced his death in a statement on Wednesday. Sources had earlier confirmed that Tata had been in intensive care at a Mumbai hospital.

After earning a degree in architecture from Cornell University, Tata returned to India in 1962 and joined the group founded by his great-grandfather. He held various positions, notably at Tata Motors and Tata Steel, where he played a pivotal role in turning around struggling units like National Radio & Electronics Company.

- Advertisement -

Tata became chairman in 1991, succeeding his uncle JRD Tata, just as India was opening its economy to the world. One of his first initiatives was to modernize the group, enforcing retirement ages, appointing younger leadership, and consolidating control.

Under his leadership, Tata Group expanded globally, acquiring prominent firms such as British tea company Tetley in 2000, steel giant Corus in 2007, and luxury car brands Jaguar and Land Rover in 2008. These moves solidified Tata Group’s reputation as a global player.

Tata was also instrumental in launching Tata Motors’ Indica and Nano, the latter being the world’s cheapest car. After retiring from the group, he became a prominent investor in Indian startups, supporting ventures like Paytm, Ola Electric, and Urban Company.

Ratan Tata was awarded the Padma Vibhushan, India’s second-highest civilian honor, in 2008 for his significant contributions to trade and industry.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Aarav Joshi
Aarav Joshi
Aarav Joshi is a seasoned content writer with a passion for covering worldly and international news stories. His journey in journalism began as a reporter for the BBC, where he honed his skills in researching and crafting compelling narratives. He has also contributed articles to 'The Times of India,' one of India's leading newspapers, delving into diverse topics ranging from politics and economics to culture and human interest stories.

Latest stories

-Advertisement-

Highlights of the Week
Related

Starlink’s Pakistan Launch: A Game-Changer or a Distant Dream?

Starlink, the satellite-based internet service by SpaceX, has secured...

OGDCL Confirms $627 Million Investment in Reko Diq Project

Oil & Gas Development Company Limited (OGDCL) has completed...

Sindh Govt Records 37% Growth in Revenue Collection, Reaches Rs312 Billion

Sindh revenue collection has reached Rs312 billion in the...

Eid in Dubai: All You Need to Know

Eid in Dubai is a time of joy, celebration,...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!