In tragic news, Ratan Tata the former chairman of one of India’s biggest conglomerates, Tata Sons, died at the age of 86.
Although there had been several speculations around his health for a few days, on Monday the industrialist clarified saying he was fine and was just getting routine medical checkups for his age.
However, on Wednesday, N Chandrasekaran, Chairman, of Tata Sons, in a statement posted late at night announced the passing of the Ratan Tata.
The statement read “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.
For the Tata Group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide and friend. He inspired by example. With an unwavering commitment to excellence, integrity, and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass.”
The business tycoon took over the $100 billion steel-to-software conglomerate as chairman in 1991 and was in position until 2012. He brought the company founded more than a hundred years ago by his great-grandfather to new heights by creating Tata Teleservices, a telecommunication company in 1996.
He created the world’s cheapest car in 2009, the Tata Nano priced at just Rs. 1 lakh in an attempt for middle-class people to be able to afford a car easily. Tata Group in 2004 also achieved a win for colonial India by acquiring Jaguar and Land Rover, two British card brands.
Who Could Be The Next Sucessor?
After his passing though, the biggest question is who will be the successor to Ratan Tata’s empire. Considering he never got married or had any children, the dynasty rule would not be applied here.
However, a couple of names are being circulated who could potentially take over the Tata Group’s almost Rs. 34 lakh crore business empire. Currently, N Chandrasekaran is the chairman of Tata Sons, the holding company, having taken the seat in 2017.
Noel Tata
Neol Tata, Ratan Tata’s half-brother from his father Naval Tata’s second marriage. Naval Tata got married to Simone Dunoyer, a businesswoman from Switzerland in 1955 and Noel Tata is their son from that marriage.
This places him as a strong contender to take over the Tata Group name. It is also said that Ratan Tata had a close relationship with Noel.
Other inheritors of the Tata legacy are Noel Tata’s three children Maya, Neville, and Leah Tata.
Read More: Is Jamshedpur Completely Owned By The Tatas?
Maya Tata
At 34, Maya Tata is the strongest name to lead the Tata Group, since she is currently serving as a board member of the Tata Medical Centre Trust. She holds Bayes Business School and the University of Warwick degrees.
She started her Tata journey by working at the Tata Opportunities Fund, and then moving to Tata Digital. It is here she played a pivotal role in the development and launch of the Tata Neu App.
Neville Tata
Neville Tata, 32 is the leader of Star Bazaar, a Trent Limited (Tata Retail Enterprise) hypermarket chain. The project was launched in 2004 as a Tata and TESCO enterprise and is a hypermarket chain with around 66 stores present in Mumbai, Pune, Kolhapur, Aurangabad, and Bengaluru.
Leah Tata
Leah Tata, the eldest of the three siblings at 39 also has a lot of experience with the Tata Group especially in their hospitality area. Coming with an IE Business School degree from Spain, Leah has been said to have contributed greatly to the expansion of the Tata Group’s hotel business.
She interned at Louis Vuitton in 2010 for a short time before coming to work at Taj Hotels Resorts and Palaces.
Currently, she is the head of operations at the Indian Hotel Company Limited (IHCL), a hospitality company part of the Tata Group that overlooks several hotels, resorts, jungle safaris, palaces, spas, and in-flight catering services.
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Sources: Livemint, The Financial Express, DNA India
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