Eastern Chronicle 24 x7, The 10th October, 2024.
From Our Special Desk, Eastern Chronicle 24×7,:
Ratan Tata, The former Tata Group Chairman who put a staid and sprawling Indian conglomerate on the Global stage with a sting of high profile acquisitions, had Died, the Tata group said on a statement late on Wednesday. He was 86.
Tata, who ran the conglomerate, for more than 20 Years as Chairman, had been undergoing intensive care in a Mumbai based Hospital.
“It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truely uncommon leader whose immersible contributions have shaped not only Tata Groups but also the very febric of our Nation”. The Tata company said.
Ratan Tata “was a visionary business leader, a compassionate soul, and an extraordinary human being”- Indian Prime Minister Narendra Modi said on social media platform- X. ” Extremely pained on his passing away. My thoughts are with his family, friends and admirens in this sad hours”.
After graduating in with a degree of Architecture, at cornell University, he returned to India and in 1962 he begun working for the group, his great- grandfather founded a century earlier, Tata.
He worked in several Tata companies, including Telco, now Tata Motors Limited, as well as Tata Steel Limited. Later making his mark erasing losses and increasing market shares at group unit national radio and elecelectronics company.
In 1991, he took the helm of the conglomerate, when his uncle J R D Tata steps down- the passing of the baton coming just as India embarked on radical reforms that opened up its economy to the World and ushered in an era of high growth.
In one of his frist steps, Ratan Tata sought to rein in the power of some heads of Tata groups companies, enforcing retirement ages, promoting Younger people to senior positions and ramping up control over the company.
He founded Tata teleservices, in 1996, as a telecommunications firm, and took IT firm named Tata Consultancy Services (TCS) , the Tata group’s Cash Cow, public from private in 2004.
Tata group purchased British Tea firm tetley in 2000, for 432 millions U. S. Dollar, at that times biggest foreign companies takeover by an Indian Company.
Tata Motors acquired British Luxury Auto Brands JAGUAR and Land Rovers ffrom Ford motors in 2008.
His pet project at Tata Motor, includes Tata indica, and his own designed and Dream Car nano touted as World’s Chepest Car. Ratan Tata dreams initially for common Indian’s car.
