American billionaire Ratan Tata has died aged 86, says the Tata Group, the company he led for more than two years.
Tata was one of India’s most globally recognised organization leaders.
The Tata Group is one of India’s largest companies, with annual revenues in excess of$ 100bn.
In a speech announcing Tata’s dying, the latest chairman of Tata Sons described him as a” truly remarkable head”.
Natarajan Chandrasekaran added:” On behalf of the entire Tata home, I extend our deepest sympathies to his loved people. His legacy will continue to inspire us as we strive to uphold the principles he therefore strongly championed. “
During his tenure as president of the Tata Group, the company made some high-profile acquisitions, including the acquisition of Anglo-Dutch chipmaker Corus, UK-based vehicle brands Jaguar and Land Rover, and Tetley, the country’s second-largest drink company.