Ratan Tata, one of India’s most powerful and admired magnates, who transformed his family’s business conglomerate, the Tata Group, into a multinational corporation with globally recognizable brands, died on Wednesday in Mumbai. The Tata Group announced his death in a statement, which did not specify a cause. During his 21 years as chairman and chief executive, from 1991 to 2012, the Tata Group’s profits multiplied 50 times, with most revenues coming from sales abroad of such recognizable Tata products as Jaguar and Land Rover vehicles and Tetley teas. For middle-class Indians, it was almost impossible to get through the day without buying Tata goods and services. They awoke to Tata tea, surfed the internet with Tata Photon, watched Tata Sky programs on television, rode in Tata taxis or drove their own Tata cars, and used uncounted products made with Tata steel.

Source: International New York Times October 10, 2024 10:13 UTC