Tata also did significant charity work.
Perhaps India’s most prominent business leader Ratan Tata has died in a Mumbai hospital at the age of 86.
Ratan Tata became the head of the Rata Group, a conglomerate founded by his relatives, and managed to expand it into a global company that employs 350,000 people.
The Rata Group includes nearly a hundred companies, including India’s largest plow manufacturer Tata Motors and the country’s largest private steel company Tata Steel.
In 2008, Ratan Tata acquired the Jaguar and Land Rover models for his company and paid Ford 2.3 billion dollars for them.
He was also founding the country’s first commercial airline in 1932. The company later became Air India, which was nationalized by the state, but which was bought by the Tata Group again in 2021.
Ratan Tata considered himself India’s greatest philanthropist. He donated money especially for the development of education and research.
Source: AP