New Delhi:
Prime Minister Narendra Modi has expressed his condolences on the dying of Ratan Tata, a doyen of business and philanthropist, calling him “a visionary enterprise chief, a compassionate soul and a unprecedented human being”.
“He supplied secure management to considered one of India’s oldest and most prestigious enterprise homes. At the identical time, his contribution went far past the boardroom. He endeared himself to a number of individuals because of his humility, kindness and an unwavering dedication to creating our society higher,” learn PM Modi’s submit on X, previously Twitter.
Shri Ratan Tata Ji was a visionary enterprise chief, a compassionate soul and a unprecedented human being. He supplied secure management to considered one of India’s oldest and most prestigious enterprise homes. At the identical time, his contribution went far past the boardroom. He endeared… pic.twitter.com/p5NPcpBbBD
— Narendra Modi (@narendramodi) October 9, 2024
The 86-year-old Chairman Emeritus of considered one of India’s largest conglomerates, Tata Sons, died in Mumbai in the present day after a protracted ailment. On Monday, he had dismissed hypothesis about his well being in a social media submit, saying he was present process age-related routine medical investigations.
In his message Tata Sons chairman N Chandrasekharan described him as “a really unusual chief whose immeasurable contributions have formed not solely the Tata Group but in addition the very cloth of our nation”.
“Mr. Tata’s dedication to philanthropy and the event of society has touched the lives of tens of millions. From training to healthcare, his initiatives have left a deep-rooted mark that can profit generations to come back,” he added.
Mr Tata, who inherited the British-period legacy of his grandfather Jamshedji Naoroji Tata, had transformed the Tata Group to a world conglomerate that introduced beneath a single umbrella British automotive giants Jaguar and Land Rover, American luxurious motels chain Ritz Carlton, and Italian aerospace producer Piaggio.
Alongside, it introduced out Nano, the tiny “lakhtakia” – the Rs 1 lakh automobile – that carried the load of the aspirations of city and rural plenty with restricted means.
In 22 years as Chairperson of the Tata Group, income and revenues grew a staggering 50 and 40 instances; in 2011-12 the latter breached the $100 billion mark for the primary time.
In 2000, Ratan Tata obtained the Padma Bhushan, the third highest civilian honour in India, which was adopted by a Padma Bhushan, the second highest, in 2000.