Tata Group ex-chairman Ratan Tata dies at age 86

MUMBAI: 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, Tata Group said in a statement late on Wednesday. He was 86.

Tata has been admitted to Mumbai’s Breach Candy hospital.

Tata became chairman of the autos to steel conglomerate in 1991 and ran the group founded by his great-grandfather more than a hundred years ago until 2012.

He founded telecommunications company Tata Teleservices TTML.NS in 1996 and took IT company Tata Consultancy Services TCS.NS public in 2004.

After stepping down, he was conferred with the title of chairman emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel and Tata Chemicals, the company website says.