Tata Group’s statement on death of Ratan Tatapublished at 02:24 British Summer Time
Ratan Tata’s death was announced by the Indian conglomerate that
he led for 21 years. A statement signed by Tata Group’s chairman and released on
social media said the industrialist was “a truly uncommon leader whose
immeasurable contributions have shaped not only the Tata Group but also the
very fabric of our nation.”
Tata took the helm of the conglomerate in 1991, just as India
was launching radical reforms that opened up its economy and set it on the path
to become one of the world’s fastest-growing economies.
Under his leadership Tata Group grew into a sprawling global
business empire that spanned multiple industries from software to sports cars. He spearheaded some of the group’s most high-profile
acquisitions including British tea firm Tetley, Anglo-Dutch steelmaker Corus,
and UK-based luxury car brands Jaguar and Land Rover.