SME Futures Editorial
Ratan Naval Tata, the Chairman Emeritus of Tata Sons and a towering figure in Indian business, passed away at the age of 86 in Mumbai’s Breach Candy Hospital due to age-related health issues. His demise marks a monumental loss for India and the world of business, as Tata was widely respected not just for his business acumen, but also for his philanthropic work and his role in shaping modern India.
Tata, who took over the reins of Tata Sons in 1991, was responsible for steering the Tata Group to unprecedented heights. Under his leadership, the conglomerate expanded its global footprint, acquiring iconic brands like Jaguar Land Rover and Tetley Tea, and growing revenues to over $100 billion by 2012. He retired as Chairman of Tata Sons in December 2012, but continued to serve as the Chairman Emeritus and a key advisor to the group.
N. Chandrasekaran, Chairman of Tata Sons, reflected on Tata’s contributions in a heartfelt statement: “For the Tata Group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide, and friend. He inspired by example.” He further praised Tata’s commitment to excellence, integrity, and innovation, which ensured the group’s sustained growth while remaining true to its ethical principles.
A graduate of Cornell University and Harvard Business School, Ratan Tata began his journey at the Tata Group in 1962, initially working on the shop floor of Tata Steel. His leadership style was transformational — he emphasised modernisation, innovation, and global expansion, positioning the Tata Group as a major global player. He also oversaw major acquisitions, including the purchase of Corus and Tetley, marking India’s emergence on the global industrial map.
In addition to his business achievements, Tata was deeply committed to philanthropy and social causes. As Chairman of the Tata Trusts, he directed a significant portion of the group’s profits toward healthcare, education, and rural development. His initiatives transformed the lives of millions in India, including funding programs for underprivileged communities, enhancing healthcare systems, and improving educational opportunities for countless individuals.
Tata’s leadership extended beyond business into fostering India’s national pride and economic self-reliance. From the successful launch of the Tata Nano, the world’s most affordable car, to his role in India’s space program through collaborations with ISRO, Ratan Tata’s legacy touches almost every aspect of Indian industry.
Tributes poured in from around the world, with corporate leaders, political figures, and common citizens expressing their grief. Google CEO Sundar Pichai recalled his last meeting with Tata and admired his dedication to making India better. “He deeply cared about India’s progress and the wellbeing of its people,” Pichai shared. Anand Mahindra, Chairman of Mahindra Group, expressed his deep sadness, noting that Tata’s leadership and mentorship were invaluable to the Indian business community. “Ratan’s contributions have shaped not just the Tata Group, but also the nation’s industrial landscape,” Mahindra added.
Harsh Goenka, Chairman of RPG Enterprises, highlighted Tata’s unwavering ethics and dedication to integrity, describing him as a “beacon of ethical leadership.” Kiran Mazumdar-Shaw, Executive Chairperson of Biocon, remembered Tata as a “great mind and a great man,” sharing how blessed she felt to have known him.
Beyond his business endeavors, Tata’s humility and simplicity set him apart as a leader who always remained grounded. Despite overseeing one of the world’s largest business empires, he was known for his approachable nature and genuine concern for others. His work in disaster relief, support for India’s start-up ecosystem, and tireless efforts in promoting sustainability reflect his multifaceted legacy.
In 2008, Tata was awarded the Padma Vibhushan, India’s second-highest civilian honor, recognizing his contributions to trade, industry, and philanthropy. He also received numerous honorary doctorates and awards from institutions around the world, cementing his status as a global icon.
As India mourns the passing of one of its greatest industrialists, the impact of Ratan Tata’s work will continue to shape the country’s future. His vision of transforming India into a global economic powerhouse, combined with his relentless focus on giving back to society, has left an indelible mark on the nation.
His legacy will not only be remembered for his business achievements but also for the compassion and leadership he demonstrated in every facet of life. As Tata himself once said, “I don’t believe in taking right decisions. I take decisions and then make them right.” His legacy is a testament to this philosophy.
Rest in peace, Ratan Tata. You will be missed, but your legacy will continue to inspire generations to come.
