Indian industrialist Ratan Tata has passed away, and truly his legacy is historic. In a deveastating development right after his death, the Tata Group has confirmed his death and responded with some heartfelt condolences to the news. He is said to be one of the most respected leaders of business not only in India but in the world.
Under his vision, the group expanded into one of the largest organizations in India, where the group fetched revenues of over $100 billion annually. Even after the demise of Ratan Tata, his contribution to the global business scenario with acquisitions like Corus, Jaguar, Land Rover, and Tetley accounts for far-sighted leadership towards a new generation of managers.
On Tata Sons, Natarajan Chandrasekaran described him as a “truly uncommon leader” and very high praise for the enormous influence his life had. The statements, on behalf of the entire Tata family, extended deepest condolences to his loved ones. They included how his legacy will continue to inspire us as we strive to uphold the principles he so passionately championed. One of the family members said:
Though Ratan Tata is no longer with us, the changes he made will continue to inform and shape the business world through generations. Internationally, leaders hail his role in changing industries worldwide۔
PM Modi shows condolences as Ratan Tata passed away
Indian Prime Minister Narendra Modi extended “deepest condolences.” He called Ratan Tata a “visionary business leader” and a “compassionate soul.” Leaving us behind today is Ratan Tata, taking with him the legacy of innovation, philanthropy, and exemplary leadership for which he will inspire generations yet unborn.
Modi’s statement reads that Tata was a visionary business leader, a compassionate soul and an extraordinary human being. It quickly gained massive attention and went viral in no time۔
How big is Ratan’s empire?
Ratan, who passed away on Wednesday, will be remembered not only for his legacy but also for his countless services for India’s welfare. He led the Tata Group, and thus a massive business empire globally had to be built with over 100 companies bringing in a total revenue of around $300 billion.
His net worth personally is around ₹3,800 crores or $450 million, which is shockingly low, showing his commitment to philanthropy has ensured that two-thirds of Tata Sons’ share capital is vested in charitable trusts.
He took Tata out of India and hugely acquired Britain’s tea group Tetley, Anglo-Dutch steel producer Corus, and automobile house Jaguar and Land Rover’s luxury brands. He took up new projects such as Tata Indica and Nano, the latter said to be the world’s cheapest car.
Though ambitious, Nano faced stiff commercial competition. Ratan Tata has been known to be humble and philanthropic. However, still, he is an influential person in the Indian industry, where he would even after retirement remain interested in developing startups.
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