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The Maharashtra government has declared a day of mourning on Thursday (October 10) to honour the late <keyword id="19981455" type="General" weightage="100" keywordseo="Ratan-Tata" source="keywords">Ratan Tata</keyword>, a towering figure in Indian industry, who passed away on Wednesday night at the age of 86. Tata, celebrated for leading the <keyword id="19924335" type="General" weightage="20" keywordseo="Tata-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Group" meta.hostid="261" meta.entityid="Tata Group">Tata Group</keyword> to international acclaim, died at Breach Candy Hospital in Mumbai following a brief illness. In the early hours of Thursday morning, his remains were transported from the hospital to his Colaba residence, accompanied by a police escort. Several prominent figures, including Maharashtra Chief Minister <keyword id="19913631" type="General" weightage="20" keywordseo="Eknath-Shinde" source="keywords">Eknath Shinde</keyword>, Deputy Chief Minister Devendra Fadnavis, Education Minister Deepak Kesarkar, and industrialist Mukesh Ambani, visited the hospital upon learning of his passing. The Maharashtra Chief Minister’s Office confirmed that, as a mark of respect, the state flag would be flown at half-mast on Thursday, and all entertainment activities would be paused for the day. The public will have the opportunity to pay their respects to Ratan Tata at the National Centre for the Performing Arts (NCPA) in south Mumbai, where his body will lie in state from 10 am to 3:30 pm. Tata’s final rites are scheduled to be performed later on Thursday in Worli. Meanwhile, Maharashtra Chief Minister Eknath Shinde announced late Wednesday night that Ratan Tata will be accorded a state funeral. In a post on X, CM Shinde described Tata as a “unique blend of morality and entrepreneurship” and hailed him as a living legend who successfully led the Tata Group, a conglomerate with a 150-year legacy. “Ratan ji Tata’s mortal remains will be accorded a state funeral,” Shinde said as per a PTI report. Praising Tata’s legacy, Shinde said that the industrialist will remain a source of inspiration for future generations of entrepreneurs. He also recalled Tata’s unwavering strength during the 26/11 terror attacks, when the Tata Group’s Taj Hotel in Colaba was one of the primary targets of the 2008 tragedy. “His resoluteness during the 26/11 terror attack will always be remembered,” the Chief Minister added. Tata, born on 28 December 1937 in Mumbai, was the driving force behind the growth of the Tata Group from 1991 until his retirement in 2012. He was also known for his philanthropy, serving as Chairman of the <keyword id="20869864" type="General" weightage="20" keywordseo="Ratan-Tata-Trust" source="keywords" meta.keywordsubtype="org" meta.entityname="Ratan Tata Trust" meta.hostid="261" meta.entityid="Ratan Tata Trust">Ratan Tata Trust</keyword> and Dorabji Tata Trust, two of India’s largest private-sector philanthropic organisations. In 2008, he was honoured with the Padma Vibhushan, the country’s second-highest civilian award. (With PTI inputs)

Ratan Tata to be accorded state funeral, Maharashtra declares day of mourning to honour Tata Group chairman

From the time Sir Dorabji <keyword id="19904884" type="General" weightage="20" keywordseo="tata" source="keywords">Tata</keyword> sponsored a handful of Indian athletes to the 1920 Antwerp Olympics, Tata group has been a constant in India's sporting landscape and the conglomerate's involvement only grew under <keyword id="19981455" type="General" weightage="100" keywordseo="ratan-tata" source="keywords">Ratan Tata</keyword>, who considered sport a "way of life". The chairman emeritus of Tata Sons died here at the age of 86 on Wednesday after being admitted to a hospital on Monday for "age and related medical conditions". His death triggered an avalanche of tributes from eminent personalities from all walks of life and sports was no different. From being the title sponsor of the glitzy Indian Premier League of cricket to supporting lesser-followed sports like archery to owning a football team in the Indian Super League to sponsoring a high-profile chess tournament, the Tata group has been deeply involved with the country's sporting ecosystem. Most of this involvement grew during Ratan Tata's tenure. "He always believed in 'sports is the way of life' and we are happy to carry forward the legacy. We have been the torchbearer of sports with 19 sporting verticals from football, hockey, archery to horse riding, boxing, karate, racket sports. You name it, we have it," an official involved with the JRD Tata Sports Academy, which was inaugurated in 1991 in Jamshedpur, told PTI. The growth in Tata Group's sporting involvement under Ratan Tata was the continuation of a legacy. After all, Sir Dorabji Tata, who played cricket, tennis and football, was the first President of the Indian Olympic Association (1924). This was after he had financed the Olympic appearance of four track-and-field athletes and two wrestlers at the Antwerp Games, helping organise their trials in Pune as well. Tata Steel Chess, which is also called the 'Wimbledon of chess', is a marquee event on global chess calendar, held at <keyword id="20385206" type="General" weightage="20" keywordseo="wijk-aan-zee" source="keywords">Wijk Aan Zee</keyword>, the Netherlands. It wasn't always known that. It was Corus Chess Tournament for the longest time before Tata Steel took over the title sponsor company, thereby claiming the rights of this event from 2007 onwards. Five-time world champion and Indian chess legend <keyword id="20221790" type="General" weightage="20" keywordseo="viswanathan-anand" source="keywords">Viswanathan Anand</keyword> was among the first sports icons to pay tributes to the late industrialist, saying that he "touched all our lives". "It is with profound sadness that we bid farewell to a giant of industry and philanthropy. We received our Padma Vibhushan together, and I was truly touched by his humility and genteel nature," Anand wrote on X. "The chess fraternity owes much to the traditions that are so closely associated with the Tata Group. @tatasteelchess in Holland is an event that made us chess players particularly proud, especially when the Tatas took over Corus, and later starting a new tradition with @tschessindia," he added. "The chess world and I offer our deepest condolences to @RNTata2000, a human being who touched all our lives and always stood for the good of society. Rest in peace," Anand continued. Tata Foootball Academy started back in 1987 under <keyword id="23494114" type="General" weightage="20" keywordseo="russi-mody" source="keywords">Russi Mody</keyword>, the then chairman of Tata Steel, who had the backing of Ratan Tata for the project. The academy has been supplying national level footballers since early '90s with its some of its noted alumni being current All India Football Federation head and former goalkeeper Kalyan Chaubey, Rennedy Singh, Dipendu Biswas and Kiran Khongsai. "TFA has played a pioneering role in Indian football by focusing on nurturing young talent and contributing significantly to the development of football in the country," the official associated with JRD sports complex said. "He (Ratan Tata) was there at the launch of Jamshedpur FC in the ISL in 2017. he interacted with the players and coaches, took photos with them. They also presented him with a signed jersey. He was very happy to see the team coming up and playing in the top tier ISL," he recalled. The enigmatic businessman was there to launch the hockey academy in Jamshedpur in 2019. "...perhaps for the last time he was here," the official said. Hockey India said Ratan Tata will be remembered as a "shining gem". "Your vision and endless contribution to our nation will never be forgotten. Your legacy will forever live with us till eternity. Hockey India pays tribute to one of Modern India's Pioneers - Ratan Naval Tata," it added. The legendary <keyword id="19919207" type="General" weightage="20" keywordseo="sachin-tendulkar" source="keywords">Sachin Tendulkar</keyword> said Ratan Tata's legacy will continue through his foundations. "In his life, and demise, Mr Ratan Tata has moved the nation. I was fortunate to spend time with him, but millions, who have never met him, feel the same grief that I feel today. Such is his impact," <keyword id="20012835" type="General" weightage="20" keywordseo="tendulkar" source="keywords">Tendulkar</keyword> wrote. The Tata Archery Academy in Jamshedpur has been the training ground for ace Indian archers Deepika Kumari and Atanu Das for several years. Given Tata Group's involvement in India's Olympic movement, it was hardly a surprise to see an outpouring of tributes from some of country's top athletes. "I'm very sorry to hear about the passing of Shri Ratan Tata ji. He was a visionary, and I'll never forget the conversation I had with him. He inspired this entire nation. I pray that his loved ones find strength. Om Shanti," posted India's track-and-field Olympic gold-winner, Neeraj Chopra. India's first-ever Olympics medal winner in badminton, <keyword id="20204318" type="General" weightage="20" keywordseo="saina-nehwal" source="keywords">Saina Nehwal</keyword> described him as a great man. "Ratan Tata sir aapki legacy hamesha humare saath rahegi. RIP (sic). (A great man and true visionary. Tata sir your legacy will always remain with us," she said. One of India's greatest spin bowlers and former captain Anil Kumble said, "Mr. Ratan Tata's contribution extends far beyond business. His legacy of giving back to society will continue to inspire future generations. Rest in peace." "An institution who embodied Excellence, Vision and Humility. A Philanthropist par excellence. A massive loss to society. Condolences to the entire Tata family. God bless his soul #RatanTata," wrote former India player and coach <keyword id="19958622" type="General" weightage="20" keywordseo="ravi-shastri" source="keywords">Ravi Shastri</keyword>.

The Tata effect on Indian sports: Ratan Tata's demise mourned by India stalwarts

Tata Group chairman <keyword id="19981455" type="General" weightage="100" keywordseo="Ratan-Tata" source="keywords">Ratan Tata</keyword> breathed his last on Wednesday (October 9) at Breach Candy Hospital in Mumbai. On Monday, the industrialist was admitted to the hospital for age-related issues. As soon as the news of his death broke, people started remembering the philanthropic businessman and social media is full of reactions. From actors to other business leaders, a lot of prominent figures reacted to Ratan Tata's demise. From <keyword id="6354583" type="General" weightage="20" keywordseo="salman-khan" source="Orion">Salman Khan</keyword> and <keyword id="1655" type="General" weightage="20" keywordseo="priyanka-chopra" source="Orion">Priyanka Chopra</keyword> Jonas to Ranveer Singh and <keyword id="6357860" type="General" weightage="20" keywordseo="anushka-sharma" source="Orion">Anushka Sharma</keyword>, Bollywood celebs also expressed their sorrow on social media. Let us take a look at some reactions. Superstar Salman Khan expressed his sorrow on X (formerly Twitter), writing, “Deeply saddened by the passing of Mr. Ratan Tata,” capturing the emotional weight of the moment. Ajay Devgn echoed the sentiment, describing Tata as a visionary whose impact transcended business: “The world mourns the loss of a visionary. Ratan Tata’s legacy will forever inspire generations. His contributions to India and beyond are immeasurable. We are deeply grateful. Rest in peace, Sir.” Anushka Sharma, sharing her thoughts on Instagram, lauded Tata for his integrity and grace: “Deeply saddened by the news of Shri Ratan Tataji. He upheld the values of integrity, grace, and dignity through everything he did and was truly an icon and Taj of India. RIP sir, you have touched so many lives.” Priyanka Chopra Jonas reflected on Tata’s kindness and leadership, noting, “Through your kindness, you touched the lives of millions. Your legacy of leadership and generosity will continue to inspire generations. Thank you for your unmatched passion and dedication to everything you did for our country.” Many others in the industry also shared their admiration for Tata. Sanjay Dutt called him a beacon of integrity, saying, “India has lost a true visionary today. He was a beacon of integrity and compassion whose contributions went beyond business, impacting countless lives.” Randeep Hooda hailed Tata as “India’s most valuable man,” saying that his worth was measured by his values rather than wealth. "India’s most valuable man, not necessarily for his vast wealth, but for his values.. largest being Integrity !! Never a show off but always the star ⭐️ The life #RatanTata ji led will always be an inspiration,"Hooda wrote in a post on X. Varun Dhawan, in a heartfelt Instagram post, shared a throwback picture of Tata, simply writing, “RIP sir RATAN TATA,” while Riteish Deshmukh took to X, stating, “Deeply saddened to know that Shri #RatanTata ji is no more. Condolences to the family and loved ones. Rest In Glory Sir.” Ranveer Singh paid tribute by sharing a monochrome photo of Tata with a simple infinity emoji, highlighting the eternal impact Tata will leave on the country. Actor R Madhavan also shared his admiration, writing, “A visionary, a gentleman of the highest order, an inspiration for generations, leaves behind a void that can never be filled.” <keyword id="19959949" type="General" weightage="20" keywordseo="sushmita-sen" source="keywords">Sushmita Sen</keyword> and Karan Johar both paid their respects, while Dharmendra expressed his regret at never having met Tata, calling him a “Humble King” who treated his workers like family. “Sir, you will always be remembered with great love and respect,” he added. Filmmaker Rohit Shetty called Ratan Tata a “real hero,” while music maestro AR Rahman offered a poignant reflection: “Some icons are living textbooks, teaching us about leadership, success, and legacy. Extraordinary yet human and approachable, they inspire and guide us. India has lost a true son and champion. Rest in peace, Ratan ji.” <keyword id="19895145" type="General" weightage="20" keywordseo="vicky-kaushal" source="keywords">Vicky Kaushal</keyword> also expressed his grief, writing, “Never could meet him… but adored, admired and respected everything he said and did for society. Lost a legend. May his soul rest in peace.” Other notable tributes came from stars like SS Rajamouli, Jr NTR, Prithviraj Sukumaran, and Rana Daggubati, who all shared their deep respect for Tata’s leadership and humanitarian work. Rajamouli, in particular, remarked, “Legends are born, and they live forever… Ratan Tata’s legacy is woven into everyday life.” The passing of Ratan Tata has left a profound void, but the legacy he has built in business, philanthropy, and ethics will continue to inspire and guide future generations.

'Humble king who looked after his workers like children': Bollywood reacts to Ratan Tata’s demise

<keyword id="19924335" type="General" weightage="20" keywordseo="Tata-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Group" meta.hostid="261" meta.entityid="Tata Group">Tata Group</keyword> chairman <keyword id="19981455" type="General" weightage="100" keywordseo="Ratan-Tata" source="keywords">Ratan Tata</keyword> left for his heavenly abode on Wednesday. Tata, aged 86, died on Wednesday evening at Breach Candy Hospital in Mumbai after a brief illness. The industrialist was widely known for transforming the Tata Group into a global powerhouse and would often make headlines for his <keyword id="21072972" type="General" weightage="20" keywordseo="philanthropic-efforts" source="keywords">philanthropic efforts</keyword>. Perhaps this is why, the death of the renowned industralist has struck a chord with the entire nation and beyond. The Maharashtra government also declared a day of mourning today in Ratan Tata's honour. From Reliance Industries MD <keyword id="19916798" type="General" weightage="20" keywordseo="mukesh-ambani" source="keywords">Mukesh Ambani</keyword> and Adani Group chairman <keyword id="111343" type="General" weightage="20" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword> to <keyword id="19902762" type="General" weightage="20" keywordseo="Google" source="keywords" meta.keywordsubtype="org" meta.entityname="Google" meta.hostid="261" meta.entityid="Google">Google</keyword> CEO <keyword id="164502" type="General" weightage="20" keywordseo="sundar-pichai" source="Orion">Sundar Pichai</keyword>, a lot of business tycoons have reacted to Ratan Tata's death. Let us take a look at some reactions. Industrialist Gautam Adani hailed Tata as a “giant” and a “visionary” who redefined modern India’s path. “He wasn’t just a business leader; he embodied the spirit of India with integrity, compassion, and an unwavering commitment to the greater good,” Adani said. His words echoed the sentiment of many who admired Tata for his values and leadership, which transformed the Tata Group into a global enterprise while maintaining its deep connection to Indian society. Google CEO Sundar Pichai also expressed his grief over Tata’s death, noting his deep commitment to India’s progress. “Ratan Tata deeply cared about making India better,” Pichai wrote on X, formerly Twitter. Reflecting on his last meeting with Tata at Google, where they discussed advancements in Waymo, Pichai added that Tata’s vision was inspiring. “He leaves an extraordinary business and philanthropic legacy, having mentored and developed modern business leadership in India.” Anand Mahindra, Chairman of Mahindra Group, shared his sorrow over the loss of a mentor whose guidance he believed was invaluable, particularly at a time when India’s economy is poised for significant growth. “Ratan’s life and work had much to do with our current position on the global stage,” Mahindra noted. “His example will continue to guide us, and legends like him never die.” Reliance Industries Chairman Mukesh Ambani expressed personal grief over the loss of a “dear friend.” Ambani described Tata as a visionary who took India to the world and brought global innovations to India. “With his passing, India has lost one of her most illustrious sons. His contributions will continue to inspire future generations,” Ambani said, adding that Tata’s legacy of humility, integrity, and compassion was one that would remain etched in memory. RPG Enterprises’ Harsh Goenka also paid tribute to Tata, describing him as a beacon of ethical leadership. “The clock has stopped ticking for the titan of Indian industry,” Goenka wrote, underscoring the indelible mark Tata left on both business and society. Other prominent figures, including Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> and Commerce Minister <keyword id="19895367" type="General" weightage="20" keywordseo="piyush-goyal" source="keywords">Piyush Goyal</keyword>, also expressed their sorrow. Sitharaman lauded Tata as a leader whose deep resolve for innovation and social responsibility transformed industries and uplifted communities. Goyal, meanwhile, referred to Tata as a “true nationalist” who brought immense pride to India through his global achievements. Apart from celebrities, politicians and business tycoons, Ratan Tata is also being remembered by millions of Indians on social media. Various people have shared heartfelt posts on platforms like Instagram and X, mourning the death of the Tata Group chairman. Tata, born in 1937 in Mumbai, led the Tata Group as Chairman of Tata Sons from 1991 until his retirement in 2012. He was instrumental in expanding the group’s global footprint while staying true to the company’s founding principles of ethical business practices and social responsibility. His leadership extended far beyond the boardroom, as he dedicated much of his life to philanthropy, focusing on education, healthcare, and rural development. As India mourns the loss of a corporate icon, the tributes from business leaders paint a portrait of Ratan Tata as a visionary who transcended his role as an industrialist to become a symbol of India’s aspirations and values. His legacy, built on integrity, innovation, and a commitment to the greater good, will continue to inspire future generations. Tata’s mortal remains will be kept at the National Centre for the Performing Arts (NCPA) in Mumbai for the public to pay their respects, before his final rites are performed later in the day.

‘Deeply cared about making India better’: Mukesh Ambani, Gautam Adani, Sundar Pichai and others react to Ratan Tata's death

<keyword id="19981455" type="General" weightage="100" keywordseo="Ratan-Tata" source="keywords">Ratan Tata</keyword>’s death has sent waves of grief across the nation. The industrialist breathed his last on Wednesday (October 9) at a hospital in Mumbai and reactions have been pouring in on social media. From political leaders to <keyword id="20659120" type="General" weightage="20" keywordseo="business-tycoons" source="keywords">business tycoons</keyword> and Bollywood celebrities, a lot of prominent personalities have reacted to Ratan Tata's death. He might no longer be with us, but his presence can be felt in the <keyword id="19984918" type="General" weightage="20" keywordseo="legacy" source="keywords">legacy</keyword> that he has left behind. Singer and actor <keyword id="20085213" type="General" weightage="20" keywordseo="Diljit-Dosanjh" source="keywords">Diljit Dosanjh</keyword>, who is in Europe for his Dil-Luminati World Tour, paid an emotional <keyword id="19933367" type="General" weightage="20" keywordseo="tribute" source="keywords">tribute</keyword> to Ratan Tata during his recent concert in Germany. He halted his performance to remember the legendary industrialist who passed away at the age of 86. In a heartfelt moment captured by fans, <keyword id="20984167" type="General" weightage="20" keywordseo="diljit" source="keywords">Diljit</keyword> took to the stage to share a few words about Tata, addressing the audience in Punjabi. The video, which quickly spread on social media, shows the singer expressing deep respect for the late businessman. “Ratan Tata has left us, and I feel it’s important to take a moment to honour him,” Diljit said. “He was a man who worked tirelessly, and whatever I’ve read or heard about him, he never spoke ill of anyone," he added. Diljit’s tribute highlighted Tata’s commitment to hard work, integrity, and kindness. He continued, “He lived his life with purpose, always doing good for others. If there’s one lesson we can all take from him, it’s to work hard, stay positive, and live our lives to the fullest, helping others along the way.” The singer also acknowledged Tata’s influence on many lives, saying, “This is how life should be. We can learn so much from the way he conducted himself.” Diljit later shared the tribute on his Instagram story, posting a video from a fan page with the message, “RIP Ratan Tata,” expressing his personal sorrow over the loss of such a towering figure. After completing his international shows, Diljit is set to return to India for the next leg of his tour, beginning in New Delhi on October 26. Meanwhile, in Mumbai, a Garba and Dandiya night also saw a tribute to Ratan Tata, as the crowd paused their celebrations to honour his memory. An X user, Fenil Kothari, shared a video of the event, where attendees lit up their phone flashlights while performers on stage sang songs in homage to the late industrialist. “One of the most memorable parts of the evening was paying tribute to Ratan Tata Sir, especially during Navratri. We hope his soul finds peace on this sacred occasion,” Kothari wrote. Another video from Goregaon’s NESCO compound showed hundreds of people observing a moment of silence, pausing their Garba dance to remember the icon. Tata, who was born on December 28, 1937, was known not just for his business acumen but also for his charitable work. His contributions to India’s growth and his dedication to improving the lives of others have left a lasting legacy. The public has been invited to pay their respects to the veteran industrialist at NCPA Lawns in Mumbai on Thursday, ahead of his final rites later in the day. Tata’s loss marks the end of an era for Indian industry, but his values and vision will continue to inspire generations.

'Never spoke ill of anyone, much to learn from him': Diljit Dosanjh halts Germany concert to pay tribute to Ratan Tata

Ratan naval Tata is the chairman emeritus of Tata Sons. He was formerly the chairman of the Tata Group. One of the topmost and popular businessmen in India, Ratan Tata also has many other aspects about him that are worth knowing. Here are ten interesting facts about Ratan Tata, his personality and achievements that are worth knowing. Ratan tata father was an adopted son and Tata was raised by his grandmother Ratan Tata’s father Naval Tata was the adopted son of Ratanji Tata and Navajbai Tata. Earlier Naval Tata was growing in J.N. Petit Parsi Orphanage. Navajbai Tata, the grandmother of Ratan Tata was very fond of him. When Ratan Tata was just 10 years old, his parents got separated in 1940 and then he was raised by his grandmother. Ratan Naval Tata loves dogs so much Since the days of JRD Tata, the Bombay House, the Headquarters of Tata Sons has a tradition of letting stray dogs in during rains. After its recent renovation, the Bombay house now has a kennel for stray dogs. This kennel is equipped with toys, play area, water and food. Continuing the tradition, Ratan Tata has an extreme love for these canines. He has two pet dogs that he takes care so fondly namely Tito and Maximus. Ratan Naval tata first job Ratan Tata’s first job was at the Tata Steel which he took up in the year 1961. His first responsibility was to manage the blast furnace and shovel limestone. Ratan Naval Tata steered the Tata Group towards bright prospects Becoming the chairman of the Tata Group in 1991 in his 21 , he brought international recognition for the Tata Group. All this was possible through his pragmatic business skills. Championed some historical mergers Ratan Tata accomplished some historical mergers for his company including Land Rover Jaguar with Tata Motors, Tetly with Tata Tea and Corus with Tata Steel. All these mergers played a significant role in the Tata Group’s phenomenal growth. Keen in keeping up promises Nano cars are the dearest project of Ratan Tata. In 2009, he promised to make a car that would cost only a lakh rupee. He spared the best of his efforts to keep up his promise to society. Has a good collection of cars Ratan naval Tata is highly fond of cars. He has a wonderful collection of high-end cars including Ferrari California, Cadillac XLR, Land Rover Freelander, Chrysler Sebring, Honda Civic, Mercedes Benz S-Class, Maserati Quattroporte, Mercedes Benz 500 SL, Jaguar F-Type, Jaguar XF-R, and some others. Ratan Tata is a skilled pilot Ratan Tata loves flights and flying. He is a skilled pilot. Ratan Tata was the first Indian to pilot F-16 Falcon in 2007. Donated $50 million to Harvard Business School In 2010, Ratan Tata pooled up a sum of $50 million to construct an executive centre for the Harvard Business School from where he received his collegiate education. The hall was named Tata Hall. Ratan tata leadership grew the Group’s revenues phenomenally Under his able leadership, the revenues of the Tata Group grew more than 40 times. The profits abounded by over 50 times. The company that made only $5.7 billion in 1991 made around $103 billion in 2016. Read Also about other Personalities - <a href="https://www.businessinsider.in/interesting-facts-about-ola-founder-bhavish-aggarwal/articleshow/71186840.cms">Ola Founder Bhavish Aggarwal</a> <a href="https://www.businessinsider.in/interesting-facts-about-oyo-founder-ritesh-agarwal/articleshow/70417612.cms">Ola founder Ritesh Agarwal</a> <a href="https://www.businessinsider.in/unknown-facts-about-flipkart-founder-sachin-bansal/articleshow/70494717.cms">Flipkart founder Sachin Bansal</a>

Ratan Tata - 10 Interesting facts about Ratan Tata that you should know

Mumbai, Jan 28 () Industrialist Ratan Tata on Tuesday warned that start-ups which burn investors' money and disappear will not get a second or a third chance.
 Tata, who also invests in start-ups, also said old-age businesses will recede and the young founders of innovative companies are the future leaders of the Indian industry.
 The comments from Tata come at a time when many start-ups have been blamed for what is termed as "cash burn", wherein the optimism of making money in the future makes venture funds to invest in such companies, and the companies keep incurring losses. At its peak, e-commerce major Flipkart was reportedly burning USD 150 million a month.
 "We will have start-ups which will attract attention, collect money and disappear. Such start-ups will not get a second or a third chance," Tata, who was feted with the lifetime achievement award at the TiECON awards here, said.
 Tata, whose portfolio also consists of e-commerce company Snapdeal, exhorted businesses to conduct themselves ethically and not to be "fly-by-night" operators.
 He said the start-ups require mentoring, advice, networking and also recognition, and welcomed the role played by TiE, an organisation that seeks to promote the start-up ecosystem in India.
 Tata also urged TiE to work as a shadow regulator for ethics and good practices, and ensure that the start-up sector grows in a manner that it should.
 He was granted the award by Infosys co-founder N R Narayana Murthy. AA HRS

Start-ups that burn investor money, disappear won't get second chance: Ratan Tata

<keyword id="844256" type="General" weightage="20" keywordseo="pallonji-shapoorji-mistry" source="Orion">Pallonji Shapoorji Mistry</keyword>, the billionaire realtor and industrialist, and Chairman Emeritus of the venerable Shapoorji Pallonji Group, passed away at his home here late last night, official sources said here on Tuesday. He was 93 and is survived by his sons Shapoorji and Cyrus P. Mistry -- latter who was in the limelight for the huge corporate tussle with the Tata Group a few years ago, and two daughters, Laila and Aloo -- the latter wedded to Noel Tata, half-brother of Ratan Tata. The Shapoorji Pallonji Group is renowned in the realty and engineering sectors and constructed several landmark buildings like the RBI headquarters, SBI, HSBC, Grindlay Bank, Hongkong &amp; Shanghai Bank and others in south Mumbai, besides other major infrastructure projects. The Group had also produced the iconic Hindi film, K. Asif's 'Mughal-E-Azam' (1960), then the most expensive one and till date it reigns among the top popular movies of Bollywood. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/google-invests-in-indian-fintech-startup-progap-which-provides-credit-to-smes/articleshow/92509038.cms">Google invests in Indian fintech startup Progap which provides credit to SMEs</a> <a href="https://www.businessinsider.in/retail/news/lays-kurkure-and-bingo-are-taking-over-indian-snacks-like-aloo-bhujia/articleshow/92508625.cms">Lay’s, Kurkure and Bingo are taking over Indian snacks like Aloo Bhujia, Murukku</a>

Cyrus Mistry's father, Pallonji Mistry passes away at 93

25th October 2016 was certainly a red-letter day in corporate history when the sitting, hand-picked Chairman of the Tata group and the single largest individual shareholder was sacked ignominiously with no prior information. The fact that this was done through the press with vague reasons like “performance and ethics” causing his downfall did not convince anyone. 
 This article would like to present another perspective. I have had no association with the Tata group and my comments are based on my understanding of the corporate world after spending almost 4 decades in this fascinating yet dog-eat-dog and highly politicized world. I have taken the liberty of using Bhishma Pitamah as a parallel for <keyword id="6360722" type="PERSON" weightage="20" keywordseo="ratan-tata">Ratan Tata</keyword>, Arjun for <keyword id="6356895" type="PERSON" weightage="20" keywordseo="Cyrus-Mistry">Cyrus Mistry</keyword> and Yudhishtar for the <keyword id="46894" type="PERSON" weightage="20" keywordseo="Tata-Sons">Tata Sons</keyword> board. 
 
Various television channels, with dozens of corporate gurus, have been pontificating about the Group and the key players, the flamboyant and highly visible Ratan Tata and the underplayed and introvert Cyrus Mistry. Obviously, most of these “gurus” have taken the side of the Tata group because that is the side their “bread will be buttered” for a long time to come. They are questioning the use of the term “lame duck” and the silence of Cyrus Mistry over the past 4 years. I would like to ask these “gurus” what else could they expect from a worthy successor of Ratan Tata who had inherited major problems, especially because he was not just the unanimously elected Chairman but also a shareholder. 
Cyrus Mistry was caught in an unenviable position – damned if he did and damned if he did not. Had he complained about the problem, our pundit would have written his epitaph very early stating that he was not large enough for the shoes of Bhishma Pitamah, My admiration for Cyrus Mistry goes up exponentially since he decided to clean-up after his more illustrious predecessor without washing their dirty linen in public. 
 
The doyen of corporate India, Bhishma Pitamah Tata, who will be 79 years on 28th December 2016, was responsible for the exit of most of the Tata group company leaders when he took charge as group Chairman (after a rather non-descript stint at the now defunct Nelco) built a strong brand and large global business that had its share of big successes and equally large failures. Since 1991, when took over as Chairman, he strode the corporate world like a colossus buying businesses. He promulgated the “retirement” age of the Tata group at 75 years, while most companies in corporate India still keep this age between 58 – 65 years. When he announced that he would be stepping down to bring in younger leadership, the world applauded his forward looking thinking. But like the old wise man from the Mahabharata, he assumed that he was tied to the throne as long as he was alive. 
 
Cyrus Mistry, in his very Arjunesque manner, had his eyes only on the target of increasing the returns to shareholders and closing down failing and non-profitable businesses. He went about his work clinically, delivering results as is evident from his letter published in all the newspapers today. 
 
To quote him, “Despite all of the above, during my term, the operating cash flows of the group have grown at 31% compounded per annum. The Tata Group valuation from 2013 to 2016 increased by 14.9% per annum in rupee terms as against the BSE Sensex annual increase of 10.4% over the same period. The Tata Sons net worth has increased from approximately Rs 26,000 crores to Rs 42,000 crores, after considering the impairments. This has significantly strengthened our balance sheet, enhancing our ability to absorb further shocks from restructuring in the companies.” 
 
If this is not great performance, I fail to understand what is! Corus, Nano, Air Asia, Air Vistara, overseas hotels, and dozens of other businesses started the under the leadership of Ratan Tata were not viable and the losses of these businesses will surely have to be taken into account sooner than later because they cannot stay hidden in the vast balance sheets and myriad of companies of the group.. 
 
The Board is equally accountable and responsible for the developments in the Group. They cannot claim to be the proverbial ostriches who did not know what was going on and under the garb of seeking support, they have decided to support with a person they perceive to be the stronger of the two. Yudhishtar, in Mahabharata was asked whether the son of Guru Dronacharya, Ashwathama had been killed. Yudhishtar, who had never told a lie in his life looked at an elephant named Ashwathama who Bhim had killed and replied that “Ashwathama is dead”. Guru Dronacharya surrendered his arms and was killed. That was a changing moment in the battle. Yudhishtar, whose chariot, always moved a few inches above the earth, had knowingly colluded with an untruth and his chariot dropped to the ground. 
 
The Tata Sons Board is no different from Yudhishtar. Not one of them had the courage to stand up to Bhishma Pitamah Ratan Tata. Losses were significant in most companies and yet these losses were being concealed in the books. Was there a threat that Cyrus Mistry would expose all in his efforts to clean-up? Board members, who pride themselves for their impeccable track record are equally complicit since they meekly accepted the decision as a fait accompli. Was it the threat of malfeasance and being exposed which led to this change? If a fresh start is being looked, shouldn’t the entire board be changed? 
 
The Tata Trusts which control a majority stake in Tata Sons have much to answer for as well. The stake holders in the Trusts are not only the trustees but the very large number of beneficiaries. What would happen to all the philanthropic work being down by these trust if Tata Sons has to take a write down of over US$ 19 billion? 
 
The battle has just begun. The skeletons will start to tumble out of various closets and all the dirty linen is being collected for being washed in the public domain. The domino effect is only just beginning. The stock market has already wiped out Rs 23,000 crores of the Tata market value in 2 days. 
 
The Tata group will now come under intense scrutiny. Its accounts will be looked at, its auditors will be questioned and its people will have to answer questions. They have given themselves four months to find a permanent successor to Cyrus Mistry, an uphill task but then the Board does not need to worry – they have the 79 year old Bhishma Pitamah to run the empire for as long as it takes. 
 
Sometimes, the moral of the story is to “let sleeping dogs lie”! 
 
(The author of this article is the founder Chairman of Guardian Pharmacies and the author of the best-selling books, Reboot. Reinvent. Rewire: Managing Retirement in the 21st Century; The Corner Office; An Eye for an Eye and The Buck Stops Here - Learnings of a #Startup Entrepreneur.)

The Tata “Mistry” and its implications

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 As you wake up after Merry Christmas on a chilly Monday morning, you need something to stay motivated. With the death of George Michael making the maximum of your newsfeed, it’s not Dangal or <keyword id="6034" type="ORGANIZATION" weightage="20" keywordseo="Manchester-United">Manchester United</keyword> or Big Boss that would keep you inspired. This article goes into details of a question that might have popped up in your head often but you didn’t dig in much. 
 
It’s the same question since ages, why isn’t <a href="http://www.businessinsider.in/2017-will-be-a-great-year-for-the-fresherslooking-for-jobs-these-four-start-ups-are-a-proof/articleshow/56168705.cms">Ratan Tata</a> as rich as <a href="http://www.businessinsider.in/2017-will-be-a-great-year-for-the-fresherslooking-for-jobs-these-four-start-ups-are-a-proof/articleshow/56168705.cms">Mukesh Ambani</a>. 
 
<a href="http://www.businessinsider.in/These-are-the-worlds-richest-porn-stars/articleshow/55031888.cms">Also Read: Here are the world's richest pornstars</a> 
 
To understand this we need to know the basic difference between an industrialist and a businessman. Reliance group is a family run business like any other company. Aimed at maximizing its profit, the company takes back huge revenue home. However Tatas are as always a stakeholder friendly company. 
 
<a href="http://www.businessinsider.in/2017-will-be-a-great-year-for-the-fresherslooking-for-jobs-these-four-start-ups-are-a-proof/articleshow/56168705.cms">Also Read: 2017 will be a great year for the freshers looking for jobs. These four start ups are a proof</a> 
 Here are the major reasons why <keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword> isn’t as rich <keyword id="3820" type="PERSON" weightage="100" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>. 
 
(Image: India Times)

Ratan Tata isn’t as rich as Mukesh Ambani. Here’s why

<a href="http://www.businessinsider.in/Tata-Group-under-scrutiny-Apex-body-of-Chartered-Accountants-looking-at-alleged-accounting-irregularities-at-Tata-companies/articleshow/57150133.cms">Tata Group</a> is exploring its entry into ready-to-eat food industry. The industry is presently dominated by companies like <a href="http://www.businessinsider.in/ITC-is-selling-its-stake-in-King-Maker-Marketing-for-24-million/articleshow/54780461.cms">ITC</a>, MTR and Patanjali. <a href="http://www.businessinsider.in/Tata-Industries-removes-Cyrus-Mistry-as-Director/articleshow/55936242.cms">Tata Industries</a>, its holding company for new-age businesses, will be looking at manufacturing and marketing vegetarian, non- vegetarian, non-alcoholic, carbonated and non-carbonated food products. Even though the company has confirmed the development, the project is still in experimental stages and may or may not evolve into a business later on. "Market opportunities we see are at the intersection of consumer preferences, especially millennials, for recipes in a convenient and quick format. The conventional domestic ready-to-eat market is too small currently to be seen as a standalone market opportunity," a <a href="http://www.businessinsider.in/Ratan-Tata-just-applauded-the-judiciary-system-in-India-Heres-why/articleshow/58324986.cms">Tata</a> Industries spokesperson told <a href="http://economictimes.indiatimes.com/news/industry/cons-products/food/tata-group-explores-ready-to-eat-food-market/articleshow/58617541.cms">ET</a>. The Indian ready-to-eat market has over a dozen existing players, with several more queued up for later, because of the large base of young consumers, a majority of country’s workforce. <a href="http://www.businessinsider.in/Its-official-Cyrus-Mistry-resigns-from-all-Tata-group-companies/articleshow/56067501.cms">Tata Group</a> already exists in foods and beverages industry via its companies like Tata Chemicals and Tata Global Beverages.

Tata Group to enter ready-to-eat food industry

After fighting for years to make Nano a popular model in the market, <keyword id="6360722" type="PERSON" weightage="100" keywordseo="ratan-tata">Ratan Tata</keyword>, <keyword id="193135" type="POSITION" weightage="100" keywordseo="chairman-emeritus">chairman emeritus</keyword> of <keyword id="46894" type="PERSON" weightage="100" keywordseo="Tata-Sons">Tata Sons</keyword>, finally acknowledged that branding <keyword id="42747" type="CITY" weightage="100" keywordseo="Tata-Motors">Tata Motors</keyword> small car Nano as a cheapest car was a mistake and was one of the reasons for the model not taking off as expected. 

	Tata said the mistake was branding the model as the cheapest car instead of affordable car. 
 

	He said people did not want to be associated with a cheap car. 
 

	Brand Gurus had earlier expressed similar views to IANS and said a car in India is a status symbol and people do not want their car to be known as a cheap car. 
 

	He said the small car was designed by people with an average age of 25-26 and was a success beyond expectations. However, he said the one year delay in the car launch allowed rumours to float around about the car. 
 

	Tata who is investing in start-ups also said he was looking at those outfits that would help the common man. 
 

	Stating that it is important to nurture start-ups and support them Tata also urged the entrepreneurs to be a long term player and build an institution than cashing out early. 
 

	According to Tata, he is keen on investing in health and connectivity sectors. 
 

	He said there is an opportunity in e-commerce and etailing in India which are expected to change the face of merchandising and marketing in the country. 

	 
	 
	(Image credits: Indiatimes)

Branding Nano 'cheap car' was why the model did not take off in the market: Ratan Tata

<a href="http://www.businessinsider.in/searchresult.cms?query=ratan+tata">Ratan Tata</a> will now mentor technology <a href="http://www.businessinsider.in/searchresult.cms?query=venture+capitalists">venture capital</a> firm IDG Ventures India and has joined the advisory board of the company as a senior advisor. 
 
Tata will help the firm in building its portfolio, global expansion, team building and leadership. 
 
He will also, sometimes, attend meetings on strategic matters. 
 
"Tata is an icon when it comes to business leadership in the new age India. His rich experience in building businesses and expanding globally from India is of immense value to our portfolio companies. We are indeed privileged and honoured today," said IDG Ventures Founder Chairman Sudhir Sethi. 
 
IDG Ventures focuses on newborn technology <a href="http://www.businessinsider.in/searchresult.cms?query=startup">startups</a> and since its inception, the firm has advised investments in 50 companies, committing over Rs 1,000 crore. 
 
IDG has invested in <a href="http://www.businessinsider.in/searchresult.cms?query=flipkart">Flipkart</a>, Yatra, Newgen, Lenskart.Com, Vserv, Firstcry.Com, Manthan Software and Zivame.com. 
 
It is noteworthy that Tata, who retired in December 2012, has been <a href="http://www.businessinsider.in/If-you-want-Ratan-Tata-to-invest-in-your-start-up-just-ask-him-Your-wish-might-just-get-answered/articleshow/47551786.cms">making investments in a slew of startups</a>. 
 
He has made personal investments in <a href="http://www.businessinsider.in/searchresult.cms?query=snapdeal">Snapdeal</a>, Urban Ladder, Bluestone, Cardekho.com, Paytm, Altaeros Energies and Xiaomi. 
 
Not just e-commerce, Tata also invests in health and women empowerment areas too.

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