Ratan Tata, the visionary business leader who transformed Tata Group into a global conglomerate, has passed away at the age of 86.
The news was confirmed in a statement by the Tata Group, expressing the profound loss felt across the organisation and the nation.
Ratan Tata, known for his transformative leadership, retired as chairman of Tata Group in 2012 but remained deeply influential as Chairman Emeritus of Tata Sons.
In 2008, Ratan Tata was honoured with the Padma Vibhushan, India’s second-highest civilian award. His influence was not limited to India. Ratan Tata played a crucial role in fostering strong economic ties between India and Australia, which was recognised when he was appointed an Honorary Officer in the Order of Australia (AO) in 2023.
Ratan Tata’s advocacy for the Australia-India Economic Cooperation and Trade Agreement further cemented his legacy as a champion of international relations.
Tata Consultancy Services (TCS), the IT arm of the Tata Group, became one of the largest employers of Australians among Indian companies, solidifying Tata’s commitment to creating global opportunities.
The Australia India Business Council (AIBC) expressed deep sorrow over the passing of Ratan Tata, a visionary leader in global business and a champion of innovation, ethical leadership, and social responsibility.
AIBC in a statement on LinkedIn extended condolences to the Tata family and honoured Tata’s lasting impact on both nations and the world.
“Ratan Tata was not just a prominent business figure; he was a statesman, philanthropist, and a bridge-builder between nations.
His support for strengthening Australia-India ties inspired numerous collaborations across industries, including education, technology, and sustainability.”
In a tribute, Prime Minister of India Narendra Modi described Ratan Tata as “a visionary business leader, a compassionate soul, and an extraordinary human being,” recognising his contributions to Indian industry and his philanthropy. “Extremely pained by his passing,” Modi added, reflecting the national sense of loss.
Ratan Tata took over the reins of the Tata Group in 1991, succeeding his uncle, J.R.D. Tata, at a time when India’s economy was opening up to the world. His tenure was marked not only by expansion but by innovation and his vision for the group extended far beyond India’s borders, spearheading acquisitions that included British tea brand Tetley, Anglo-Dutch steelmaker Corus, and British luxury car brands Jaguar and Land Rover. These moves catapulted Tata Group onto the global stage.
Despite his business success, Ratan Tata was known for his humility and low-profile lifestyle. He was never married and often kept out of the spotlight. Under his leadership, Tata Group’s philanthropic arm focused on education, healthcare, and rural development, positively impacting millions of lives. His ethical approach to business earned him widespread respect, not only in India but internationally.
Throughout his life, Ratan Tata’s focus remained on societal betterment. Whether through business or philanthropy, his contributions have left an indelible mark on India and the world. “His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed,” said Natarajan Chandrasekaran, Chairman of Tata Sons.
In two heartfelt tributes, prominent Indian business leaders expressed deep sorrow over the passing of Ratan Tata.
Kiran Mazumdar-Shaw (Padma Shri and Padma Bhushan awardee), Executive Chairperson of Biocon Limited, a distinguished alumna of the University of Ballarat (now Federation University Australia) who was made an Honorary Member of the Order of Australia (AM) in the General Division in 2020, shared in a post: “This is a picture I will cherish forever. Such a great man and a great mind. Blessed to have known him. Om Shanti.”
Mukesh Ambani, Reliance Industries Limited, mourned Ratan Tata’s death, describing it as a significant loss for India and Indian industry. On a personal note, he called Ratan Tata a dear friend whose interactions left him inspired and full of admiration for his noble character and values.
Gautam Adani also paid tribute, calling Ratan Tata a giant and visionary who reshaped modern India. He emphasised Tata’s integrity, compassion, and lifelong commitment to the nation’s progress. Adani remarked that legends like Tata never fade away, concluding with a peaceful wish, “Om Shanti.”
Ratan Tata’s passing marks the end of an era, but his influence will undoubtedly continue to resonate in the industries, communities, and lives he touched. His life serves as a testament to the power of ethical leadership and a commitment to innovation for the common good.
Support Our Journalism
Global Indian Diaspora and Australia’s multicultural communities need fair, non-hyphenated, and questioning journalism, packed with on-ground reporting. The Australia Today – with exceptional reporters, columnists, and editors – is doing just that. Sustaining this needs support from wonderful readers like you.
Whether you live in Australia, the United Kingdom, Canada, the United States of America, or India you can take a paid subscription by clicking Patreon and support honest and fearless journalism. LINK: https://tinyurl.com/TheAusToday