Ratan Tata, Tata Group Icon, Dies at 86

Ratan Tata, the iconic chairman emeritus of Tata Sons, passed away in Mumbai at the age of 86, leaving behind a legacy as a prominent industrialist and philanthropist. His leadership saw the Tata Group expand significantly, coinciding with India's economic liberalization. Tata's relationship with Cyrus Mistry, initially rooted in family ties and mutual respect, deteriorated dramatically, culminating in Mistry's controversial ouster in 2016. This public feud, which involved legal battles and allegations of mismanagement, marked a significant chapter in Tata's tenure. With both Ratan Tata and Cyrus Mistry now deceased, there is speculation that the Mistry family's stake in Tata Sons may be resolved more amicably, potentially allowing for an IPO that could benefit both parties. Tata is remembered for his humility and commitment to collaboration, leaving a profound impact on India's industrial landscape.