Natarajan Chandrasekaran added: “On behalf of the entire Tata family, I would like to express our deepest condolences to his loved ones.”
“His legacy will continue to inspire us as we strive to uphold the principles he passionately championed.”
During his tenure as chairman of the Tata Group, the conglomerate made several acquisitions, including the acquisition of British-Dutch steel company Corus, British-based car brands Jaguar and Land Rover, and Tetley, the world’s second-largest car company. Made notable acquisitions.
British Business Secretary Jonathan Reynolds paid tribute to Tata as a “giant of business” who “played a huge role in shaping British industry”.
A profile published in The Economist magazine in 2011 called Tata a “titan” and credited him with transforming the family group into a “global powerhouse.”
“He owns less than 1% of his namesake group. Nonetheless, he is a giant: India’s most powerful businessman and one of the world’s most influential people,” the magazine said.
In 2012, he stepped down as group chairman and was appointed honorary chairman of Tata Sons, the group’s holding company.
Indian Prime Minister Narendra Modi praised Tata as a “pioneering business leader, a compassionate soul and an extraordinary human being.”
Paying tribute to
Tata’s state funeral is expected to be held later on Thursday, as his body lies in state at a cultural center in Mumbai where people can pay their respects.
