The Reserve Bank of India (RBI) expressed deep sorrow over the demise of Ratan Naval Tata, one of India’s most celebrated industrialists, by passing a condolence resolution during the 611th meeting of its Central Board of Directors held in Bhubaneswar. Tata, who served as a former Director of the Central Board, passed away at the age of 86 in Mumbai on October 9, 2024.
RBI Governor Shaktikanta Das highlighted Tata’s indelible impact on India’s economy and acknowledged his legacy as a symbol of integrity and ethical business practices. He described Tata as a guiding force whose influence extended beyond business, emphasizing his role in philanthropy and social causes. The RBI’s statement underscored Tata’s vision in transforming the Tata Group into a global conglomerate and his efforts in modernizing Indian industry, helping the nation gain a competitive edge on the world stage.
Several prominent figures, including Mukesh Ambani and Anand Mahindra, paid tribute to Tata’s enduring legacy. Ambani expressed that Tata’s contributions were pivotal in shaping India’s economic growth, while Mahindra emphasized that his example remains a guiding light for the business community.
Tata Sons Chairman N. Chandrasekaran also offered his condolences, describing Ratan Tata as a mentor and guide whose leadership has left a profound impact on the Tata Group and Indian industry as a whole. As India mourns the loss of this legendary business leader, the sentiment is clear: Ratan Tata’s contributions will continue to inspire future generations of entrepreneurs and business leaders across the globe.(input from agencies)
RIP