Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement late on Wednesday.
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00:00Ratan Tata, the businessman who inherited one of India's oldest conglomerates and transformed
00:08it through a string of eye-catching deals into a global empire, has died.
00:13He was 86.
00:14His death was announced in a statement on Wednesday by Tata Group chairman Natarajan
00:19Chandra Sekharan.
00:21As chairman for more than two decades beginning in 1991, Tata rapidly expanded the 156-year-old
00:28business house.
00:29It now has operations in more than 100 countries and clocked $165 billion in revenue for the
00:36year ended March 2024.
00:39In his last few years, Tata became a passionate backer of startups, including Ola Electric,
00:45a unit of ride-hailing firm Ola, and home and beauty services provider Urban Company.
00:51Among his many awards, he received the Padma Vibhushan, India's second-highest civilian
00:57honor, in 2008 for exceptional and distinguished service in trade and industry.