Ratan Naval Tata, Chairman Emeritus of Tata Sons and a monumental figure in Indian industry, passed away today at the age of 86. He died at Mumbai's Breach Candy Hospital after struggling with age-related health issues.

Tata's hospitalization on Monday fueled widespread speculation about his health. Despite issuing a statement downplaying the seriousness of his condition, his health worsened, leading to his being placed on life support.

Tata led the Tata Group from 1990 to 2012 and briefly returned as interim chairman from October 2016 to February 2017. He continued to manage Tata's charitable trusts up until his passing on October 9, 2024.

Widely respected for his contributions to both business and philanthropy, Tata was honored with India's highest civilian awards-the Padma Bhushan in 2000 and the Padma Vibhushan in 2008.

Born on December 28, 1938, Tata was the son of Naval Tata, who was adopted by Ratanji Tata, the son of Jamsetji Tata, founder of the Tata Group. After earning an architecture degree from Cornell University, Tata joined Tata Steel in 1961, working on the shop floor before succeeding J.R.D. Tata as chairman of Tata Sons in 1991.

Under his leadership, the Tata Group expanded globally, acquiring brands like Tetley, Jaguar Land Rover, and Corus, transforming the group into a global business giant. Beyond his business successes, Tata was also a renowned philanthropist, donating 60-65% of his income to charitable causes through the Tata Trusts.

A significant investor in India's startup ecosystem, Tata personally backed over 30 startups, leveraging his keen business insight to support the next generation of entrepreneurs.

N. Chandrasekaran, Chairman of Tata Sons, mourned his passing, describing Tata as an "uncommon leader" whose influence shaped not just the Tata Group, but also the fabric of Indian industry. "His legacy of excellence, integrity, and philanthropy will continue to inspire us," Chandrasekaran said.

Ratan Tata's career spanned over five decades, with Tata Group revenues surpassing $100 billion under his leadership by 2011-12. He transformed Tata Trusts into one of India's premier philanthropic institutions, known for its wide-ranging impact.

Tata is survived by his family, marking the close of an extraordinary era in India's corporate world. His lasting legacy will continue to shape the future of Indian business and philanthropy for years to come.