Ratan Tata, chairman emeritus of one of India's biggest conglomerates, Tata Sons, passed away on Wednesday. He was 86.
The veteran industrialist, who was in critical condition, breathed his last at a hospital in Mumbai.
Describing Ratan Tata as his 'friend, mentor and guide', Tata Sons chairman N Chandrasekaran, in a statement, confirmed the death of the industrialist.
"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,” said N Chandrasekaran.