Ratan Tata, Iconic Indian Industrialist, passes away at 86

Ratan Naval Tata, the visionary chairman emeritus of the Tata Group, passed away on Wednesday, October 9, 2024, at the age of 86. His leadership, marked by innovation, philanthropy, and a commitment to ethical business practices, transformed the Tata Group into a global conglomerate and left an indelible mark on Indian industry.
Tata's journey began in a family steeped in business tradition. As the grandson of Jamsetji Nusserwanji Tata, the founder of the Tata Group, he carried a heavy legacy. However, he carved his own path, proving himself to be a visionary leader who could navigate the complexities of modern business while upholding the values of his forefathers.
A timeline: Ratan Tata's legacy
October 2024: Ratan Tata passes away at the age of 86.
December 2012: Steps down as Chairman of Tata Sons after 50 years with the Tata group; is appointed Chairman Emeritus of Tata Sons.
2008: Is awarded the Padma Vibhushan, the country’s second-highest civilian honour, by the Government of India.
2008: Launches the Tata Nano, born of the trailblazing small car project he guided and commanded with zeal and determination.
2000 onwards: The growth and globalisation drive of the Tata group gathers pace under his stewardship and the new millennium sees a string of high-profile Tata acquisitions, including Tetley, Corus, Jaguar Land Rover, Brunner Mond, General Chemical Industrial Products, and Daewoo.
1991: Begins restructuring of the Tata group at a time when the liberalisation of the Indian economy is underway.
March 25, 1991: Takes over from JRD Tata as Chairman of Tata Sons and Chairman of the Tata Trusts.
1986-1989: Serves as Chairman of Air India, the national carrier.
1983: Drafts the Tata strategic plan.
1981: Is appointed Chairman of Tata Industries; begins the process of transforming it into a promoter of high-technology businesses.
1975: Completes the Advanced Management Program at Harvard Business School.
1974: Joins the board of Tata Sons as a director.
1971: Is named director-in-charge of National Radio and Electronics (Nelco), an ailing electronics enterprise.
1970: Returns to India, joins Tata Consultancy Services, then a software fledgling, for a short stint.
1969: Works as the Tata group’s resident representative in Australia.
1965: Is appointed technical officer in Tisco’s engineering division.
1963: Moves to Tata Iron and Steel Company (now Tata Steel) at its Jamshedpur facility for a training programme.
1962: Joins the Tata group as an assistant in Tata Industries; spends six months training at the Jamshedpur plant of Tata Engineering and Locomotive Company (now Tata Motors).
1962: Awarded a bachelor of architecture degree.
1955: Leaves for Cornell University (Ithaca, New York, USA) at age 17; goes on to study architecture and engineering over a seven-year period.
1937: Ratan Tata is born to Soonoo and Naval Tata.