“Ratan Tata was a visionary business leader and an extraordinary human”: PM Narendra Modi

New Delhi:

Prime Minister Narendra Modi expressed condolences on the death of industry elder and philanthropist Ratan Tata, calling him a “visionary business leader, a compassionate soul and an extraordinary human being”.

“He provided stable leadership to one of India's oldest and most prestigious business houses. At the same time, his contribution went far beyond the boardroom. He has endeared himself to many people through his humility, kindness and unwavering commitment to making our society better,” read PM Modi's message on X, formerly Twitter.

Shri Ratan Tata Ji was a visionary business leader, a compassionate soul and an extraordinary human being. He provided stable leadership to one of India's oldest and most prestigious business companies. At the same time, his contribution went well beyond the board of directors. He loved himself… pic.twitter.com/p5NPcpBbBD

Narendra Modi (@narendramodi) October 9, 2024

The 86-year-old chairman emeritus of one of India's largest conglomerates, Tata Sons, died today in Mumbai after a long illness. On Monday, he dismissed speculation about his health in a social media post, saying he was undergoing routine medical exams related to his age.

In his message, Tata Sons Chairman N Chandrasekharan described him as “a truly extraordinary leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation”.

“Mr. Tata's dedication to philanthropy and societal development has touched the lives of millions. From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come,” he added.

Mr. Tata, who inherited the legacy of the British period from his grandfather Jamshedji Naoroji Tata, had converted the Tata group into a global conglomerate bringing under one roof British automobile giants Jaguar and Land Rover, the American luxury hotel chain Ritz Carlton and the Italian aerospace company. manufacturer Piaggio.

At the same time, he gave birth to Nano, the tiny “lakhtakia” – the Rs 1 lakh car – which carried the weight of the aspirations of the urban and rural masses of limited means.

In 22 years as Chairman of the Tata Group, profits and revenues have increased 50- and 40-fold; in 2011-2012, the latter crossed the $100 billion mark for the first time.

In 2000, Ratan Tata was awarded the Padma Bhushan, the third highest civilian honor in India, followed by the Padma Bhushan, the second highest, in 2000.

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