Ratan Tata: Bidding Farewell & Reflecting on his Immense Contributions to the World

“We can be hurt, but not knocked out”, these were Ratan Tata’s inspiring words post the 26/11 Mumbai attacks. That’s the legacy Padma Bhushan Ratan Naval Tata leaves behind as he bid us adieu on 9th October 2024. "I would like to be remembered as somebody who had never hurt others and done work to the best interest of business," Tata said in 2014 at an interaction organised by Ladies Study Group of Indian Chamber of Commerce in Kolkata. Today, we remember the entrepreneur and human behind the brand that’s become the nation’s identity across the globe.

Tata Sons Statement by N. Chandrasekaran

N Chandrasekaran, Chairman of Tata Sons confirmed the demise of Ratan Tata and shared the following statement.

"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.

Mr. Tata's dedication to philanthropy and the development of society has touched the lives of millions. From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come. Reinforcing all of this work was Mr. Tata's genuine humility in every individual interaction.

On behalf of the entire Tata family, I extend our deepest condolences to his loved ones. His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed.”

Reflecting on Ratan Tata’s Immense Contributions

Taj Public Welfare Trust

In 2008, the Taj Group announced the creation of a public service welfare trust fund to provide immediate relief to victims of the recent Mumbai terror attacks. Along with Ratan Tata, the trust's trustees included RK Krishna Kumar and NA Soonawala. Significant initial contributions were pledged by Indian Hotels and the Sir Dorab Tata Trust, along with the Sir Ratan Tata Trust. The trust aimed to support victims of sudden acts of violence in the coming years.

Tata Nano, the People’s Car

Innovation was another cornerstone of Tata's approach; the Tata Nano project aimed to provide affordable cars to the masses, reflecting his commitment to creativity, despite its commercial challenges. Ratan Tata's vision for the Nano was to create an affordable "people's car" that would make car ownership accessible to the masses in India. Launched in 2008, the Nano aimed to provide a safe and economical alternative to two-wheelers. Despite its innovative concept and initial excitement, the Nano faced challenges, including safety concerns, production issues and marketing, which impacted its market success. Tata's ambition reflected his commitment to improving mobility for everyday people, though the project ultimately fell short of its goals. 

Tata Sons’ Bombay House: A Haven for Stray Dogs

At Bombay House, the headquarters of the Tata Group, a unique initiative was established to care for stray dogs. Employees and volunteers regularly feed and provide medical assistance to these animals. This compassionate effort not only highlights the company’s commitment to animal welfare but also fosters a sense of community among employees, encouraging them to contribute to the well-being of stray dogs in the area. The initiative reflects the Tata Group's broader values of social responsibility and kindness.

Ratan Tata’s Huge COVID-19 Relief Donation

During the pandemic, Ratan Tata donated Rs. 500 crore to support efforts against COVID-19. In his statement, he emphasised the importance of unity and collective action in overcoming the pandemic. Tata expressed his commitment to assisting healthcare workers and ensuring access to essential medical resources. His donation aimed to bolster relief initiatives and aid in the fight against the virus, reflecting his dedication to social responsibility and community welfare during the crisis.

Cornell University Indian Students’ Scholarship Fund

The Tata Scholarship for Cornell University provides financial support to Indian students pursuing undergraduate studies at the university. Established through a partnership between the Tata Trusts and Cornell, the scholarship covers tuition and living expenses, aiming to ease the financial burden on students. Applicants must demonstrate academic excellence and financial need. This initiative reflects Ratan Tata's commitment to education and empowering talented individuals to access quality education abroad.

Tata Trusts' Small Animal Hospital in Mumbai

In 2024, Ratan Tata, launched a small animal hospital under Tata Trusts in Mumbai, aimed at providing quality veterinary care. The facility offers various services for pets, including consultations and treatments. Pet owners can easily book appointments online. This initiative reflects Tata's commitment to animal welfare and the well-being of pets in the community, ensuring they receive the care they need.

Corporate Leadership & Global Expansion

Ratan Tata played a pivotal role in transforming the Tata Group through strategic global acquisitions. Notable purchases included the Corus Group in steel, Jaguar Land Rover (JLR) in automotive, and Tetley Tea. These acquisitions were part of Tata's vision to diversify and strengthen the group's portfolio on an international scale. He also aimed to enhance the group’s global presence and competitiveness, leading to significant growth and innovation within the organisation.

Tata Medical Centre in Kolkata for the Needy

Tata's commitment to healthcare is exemplified by the Tata Medical Center in Kolkata, established on May 16, 2011. The centre focuses on providing world-class treatment for cancer patients, with a particular emphasis on serving underserved communities. This initiative reflects Tata's dedication to improving healthcare access and outcomes for those in need.

Leading with Ethical Business Practices

Ratan Tata’s business philosophy offers several key lessons. He emphasised the importance of prioritising ethics over profits, believing that integrity and ethical practices should never be compromised for financial gain. The Tata Group exemplifies how a successful business can thrive on ethical foundations, even in a challenging environment. Tata placed great value on people and relationships, asserting that employees and business partners are the most valuable assets of any organisation. He advocated for treating all stakeholders with respect. Philanthropy has always been integral to Tata’s philosophy, with the Tata Group’s charitable foundations making significant contributions to education, healthcare, and social welfare, further emphasising the importance of giving back to society.

Promoting Startups & Pushing Indian Entrepreneurs

Tata championed the idea of taking calculated risks, as demonstrated by his leadership in strategic acquisitions like Jaguar Land Rover and Tetley Tea, which helped expand the group's global footprint. Ratan Tata has played a pivotal role in driving India's startup ecosystem by investing in numerous successful companies, including Paytm, Lenskart, Ola, Snapdeal, and Urban Company. His support for these startups reflects his belief in innovation and entrepreneurship as vital components for economic growth. Known for his kindness and mentorship, Tata has inspired many young entrepreneurs, contributing significantly to the growth and development of the Indian startup landscape. His investments not only provide financial backing but also lend credibility to these emerging businesses.