Veteran industrialist and Tata Sons Chairman Emeritus Ratan Tata passed away in Mumbai's Breach Candy Hospital on Wednesday, October 9, owing to age-related ailments. He was 86.

In a media statement, Tata Sons Chairman N Chandrasekaran stated, "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. 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."

On Monday, Ratan Tata, known for his philanthropy besides being a respected industry leader, had issued a statement asserting that there was no cause for concern regarding his health and that he had been undergoing check-ups for age-related medical conditions at Breach Candy.