Breaking News: Ratan Tata Passes Away at 86
Mumbai, October 9, 2024 – Ratan Tata, the esteemed chairman emeritus of Tata Sons, has passed away at the age of 86. He was undergoing treatment in a Mumbai hospital and had been in critical condition for the past few days.
Ratan Tata (born December 28, 1937, Bombay [now Mumbai], India)
Let Know more about Sri Ratan Tata
1962 ➡️ Ratan Tata joined the Tata Group in 1962 after working for multiple companies, receiving his B.Arch. Degree from Cornell and briefly working with Jones and Emmons in Los Angeles.
1971 ➡️ Tata was appointed the Director-in-charge of the National Radio & Electronics Company Limited.
1981 ➡️ Tata became the Chairman of Tata Industries, where he was responsible for transforming it into a group think tank and promoter of new ventures in high-tech businesses.
1983 ➡️ Ratan Tata launched Tata Salt, India's first national branded salt. Tata Salt was the first to introduce iodized vacuum-evaporated salt at a time when unbranded and unpackaged salt was famous.
1986 ➡️ Ratan Tata was appointed Chairman of Air India, India's then-luxury national carrier. He stepped down in 1989 for a bigger role.
1991 ➡️ Ratan Tata became the Chairman of Tata Sons and the Tata Trusts, succeeding Jehangir Ratanji Dadabhoy (JRD) Tata.
1999 ➡️ Ratan Tata and his team were rejected by Ford Motors. They laughed at the brand's lack of expertise in the passenger vehicle (PV) segment. This took an ironic turn when, later, Ratan Tata bought Jaguar-Land Rover (JLR) from Ford Motors.
2000 ➡️ Ratan Tata received Padma Bhushan, the third-highest civilian award from the Government of India. The same year, Tata Tea also bought the global tea brand Tetley Group for 271 million euros.
2004 ➡️ Under Ratan Tata's leadership as the chairman of Tata Sons, the Group's IT firm, Tata Consultancy Services (TCS), was listed on the Indian stock exchanges. The IT firm is now worth $183.36 billion and is the second-largest company in India.
2006 ➡️ Tata also launched TataSky, a Direct-to-Home (DTH) television business that is now one of the biggest in television network distribution.
2008 ➡️ In a bid to make cars affordable for the common man in India, Ratan Tata launched the Tata Nano this year. It was the cheapest car in the country, with a price tag of ₹1 lakh.
2012 ➡️ Ratan Tata stepped down as Chairman of Tata Sons after 50 years with the Tata Group and was appointed Chairman Emeritus. But his best move was yet to come.
2022 ➡️ A decade after Tata stepped down as acting Chairman of Tata Sons. Ratan Tata welcomed the airline Air India back into the Tata family after the Group bought it from the Indian government. Tata Group paid the government ₹18,000 crore for the Air India acquisition.
He has donated 8.29 Lakh CR through Tata trusts. He passed away at 86 but his legacy stays forever. A tribute thread to the one and only, Ratan Naval Tata Sir 🙏
