Tata Group stocks in focus after Ratan Tata passes away in Mumbai

Tata Group shares will be in focus in trade on Thursday after Tata Group's scion and former chairman of Tata Sons Ratan Naval Tata passed away in Mumbai. Share of Tata Group listed companies like Tata Consultancy Services, Tata Steel, Tata Elxsi, Tata Motors, Tata Chemicals, Tata Consumer Products, Titan Company, Voltas, Trent, Tata Power, Tata Technologies, Indian Hotels, Tata Communications, Tata Teleservices and Rallis India will be on investors radar.

Ratan Tata was one of the most notable Indian industrialists since his appointment as the chairman of Tata Sons in 1991. He transformed the Tata Group from an essentially domestic business house to a global giant, as seen in the conquest of gentry brands Tetley, Corus, and Jaguar Land Rover during his tenure. In the decades he led the company, the business house became a $100 billion-plus business empire.

In December 2012, Ratan Tata retired and was succeeded by Cyrus Mistry who lost life in a car accident in 2022. 

Under his leadership, Tata Group made important business moves, acquiring brands like Jaguar Land Rover in 2008 and Corus Steel in 2007. These ventures not only elevated the group to global prominence but also positioned India as a competitive player in the global market.

Ratan Tata's legacy

Beyond business, Ratan Tata's philanthropic initiatives demonstrated his commitment to societal welfare. From supporting healthcare and education to championing rural development, his work uplifted countless lives. He believed in the power of business to serve the greater good, often reinvesting profits into social causes that benefited India’s underprivileged communities.

Ratan Tata's passing marks the end of an era for Indian business, but his values, vision, and dedication to progress will continue to inspire generations to come. As Anand Mahindra said, "Legends never die."