Ratan Tata not only transformed the Tata Group into a salt-to-cars behemoth but also shaped the future of the Indian economy. Here's a look at his journey and the legacy he leaves behind
Tata Group's chairman emeritus, veteran industrialist, and a visionary, Ratan Naval Tata passed away at a Mumbai hospital on Wednesday.
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N Chandrasekaran, Chairman, Tata Sons, in a statement said, "It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation."
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Despite coming from the family that created the companies, Tata started at the bottom of the ladder as an assistant at Telco's Jamshedpur plant.
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Under the leadership of RNT, as he was sometimes referred, the salt-to-software conglomerate underwent global expansion and diversification across industries. His work with Tata Motors--launching Indica and Nano--feature in business history books as two legendary moves.
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Reversing the 'colonism', Tata Group went on global buying spree under RNT's leadership. Tata Group has acquired iconic British brands such as Jaguar, Land Rover, Tetley, Brunner Mond, and Anglo-Dutch Corus.