Ratan Tata, the former chair of India's Tata Group, has died in a Mumbai hospital. He was 86.
"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," N Chandrasekaran, Chairman of Tata Sons said in a statement.
"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."
Tata had said on social media on Monday he was undergoing routine checks at the Breach Candy Hospital in south Mumbai.
"He provided stable leadership to one of India's oldest and most prestigious business houses. At the same time, his contribution went far beyond boardrooms," India's Prime Minister Narendra Modi said on X.
Tata bought British tea firm Tetley in 2000 for $432m and the Anglo-Dutch steelmaker Corus in 2007 for $13bn. Tata Motors went on to acquire British Jaguar and Land Rover, from Ford Motor Co.
