Legendary figure in Indian industry, Ratan Naval Tata passed away late on Wednesday night at the age of 86. He was the chairman emeritus of the Tata Group. For the past four days, he has been receiving treatment in Mumbai's Breach Candy Hospital for a protracted sickness.
Ratan Tata was praised by Prime Minister Narendra Modi, who described him as "a visionary business leader, a compassionate soul, and an extraordinary human being".
Maharashtra Chief Minister Eknath Shinde announced that the legendary Ratan Tata would get a state funeral and that the state would observe a day of mourning in his honor.
For people to pay their respects, Tata's body will be kept at the National Centre for Performing Arts (NCPA) in Nariman Point, south Mumbai, on Thursday from 10 a.m. to 4 p.m. His remains will be transferred to the Worli crematorium around 3:30 pm for last ceremonies.
The corporate magnate oversaw the acquisition of multiple prominent companies to turn the Tata Group into a worldwide force. He made a substantial career-long contribution to a number of Tata businesses, notably Tata Steel and Tata Motors. His leadership had a special effect on National Radio & Electronics Company's turnaround.
The group's worldwide expansion, which includes the acquisition of recognizable foreign businesses, is indicative of Ratan Tata's legacy. Under his direction, Tata purchased Corus Steel in 2007, Jaguar and Land Rover in 2008, and the British tea brand Tetley in 2000.
His vision also encompassed the creation of the Nano, which aims to be the world's most cheap automobile, and the Indica, the first car designed in India by Tata Motors.
In 2008, the government bestowed upon Ratan Tata the Padma Vibhushan, the second-highest civilian award. The Rockefeller Foundation awarded him the Lifetime Achievement Award, and he was made a Knight Grand Cross of the Most Excellent Order of the British Empire.