Ratan Tata, the Chairman Emeritus of Tata Sons, died at the age of 86 at a Mumbai hospital late on Wednesday. He had been undergoing treatment and was said to be in critical condition.


Announcing the demise of the business leader, Tata Group said that for the company he was more than a chairperson. "He was a mentor, guide and friend. He inspired by example. His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed," the group said on X. 


Here is all you need to know about Ratan Tata, Chairman of the Tata Sons:


- The Emeritus Chairman of Tata Sons was admitted to Mumbai's Breach Candy Hospital for age-related ailments. He was taken to Mumbai's Breach Candy Hospital in the early hours of Monday, following a drop in blood pressure.


- Ratan Tata, a household name in India, was known for his philanthropy besides being a respected industry leader.


- He was born on December 28, 1937, in Bombay (now Mumbai) and went on to become one of the most renowned businessmen in the country.


- He led the Tata Group from March 1991 to December 2012 as Chairman of Tata Sons, the holding company of the salt-to-software conglomerate.


-  During his tenure, Tata group’s revenues grew manifold, totalling over $100 billion in 2011-12. After retirement, he was conferred the honorary title of Chairman Emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel and Tata Chemicals.


- He joined the Tata group in 1962. He was appointed Director-in-Charge of the National Radio and Electronics Company in 1971 after serving in various companies.


- In 1981, Tata was named Chairman of Tata Industries, the group’s other holding company, where he was responsible for transforming it into a group strategy think tank and a promoter of new ventures in high-technology businesses.


- He was also awarded with the Padma Vibhushan, the second-highest civilian award, in 2008. He has also received honorary doctorates from several universities in India and overseas.


- He also serves on the board of trustees of Cornell University and the University of Southern California.