Mumbai declares day of mourning for Indian industrialist Ratan Tata

Mumbai declares day of mourning for Indian industrialist Ratan Tata
Mumbai declares day of mourning for Indian industrialist Ratan Tata

Hello and welcome to the details of Mumbai declares day of mourning for Indian industrialist Ratan Tata and now with the details

Nevin Al Sukari - Sana'a - Indian industrialist Ratan Tata's mortal remains are being carried for a public homage at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024. — AFP pic

MUMBAI, Oct 10 – Crowds of mourners gathered in India’s financial capital Mumbai on Thursday for the funeral of industrialist Ratan Tata, hailed as a “titan” who led one of the country’s biggest conglomerates.

Tata, who died aged 86 on Wednesday, transformed the Tata Group into a sprawling international enterprise, with a portfolio ranging from software to sports cars.

His coffin, draped in an Indian flag, was flanked by a guard of honour, with a marching band of trumpets and drums accompanying the procession.

Mumbai has declared a day of mourning, with the funeral rites to take place on Thursday afternoon.

“A titan of Indian industry”, The Hindu newspaper called him on its front-page. “India loses its crown jewel”, the Hindustan Times wrote.

The hundreds who queued to pay tribute on Thursday included a mix of ordinary mourners, high-profile business leaders, politicians and Tata employees.

Abdul Khan, 52, described Tata’s passing as both a “personal loss” and a “loss for the country”, praising him for his philanthropy.

“He made so many lives better, not just the people who worked for him, but everybody,” he said.

Tributes also poured in from fellow industrialists, with Asia’s richest man Mukesh Ambani saying it was a “big loss, not just to the Tata group, but to every Indian”.

Tata was born in Mumbai in 1937 into a family of Parsis—a proud but dwindling community which played an outsized role in the city’s business affairs under British rule.

He had intended to chart his own course in life as an architect after graduating from Cornell University in New York.

‘Visionary’

But an appeal from his grandmother saw him return to India in 1962 and join the sprawling family business, beginning work as a factory floor labourer and sleeping in a hostel for trainees.

He took over the family empire in 1991, riding the wave of the radical free-market reforms India had just unleashed that year.

Tata’s 21 years at its helm saw the salt-to-steel conglomerate expand its global footprint.

His 2008 decision to purchase Britain’s loss-making Jaguar and Land Rover carmakers for $2.3 billion burnished his reputation when Tata Group was able to restructure both brands and return them to profit the following year.

The Tata Group said his philanthropy work “touched the lives of millions.”

“From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come,” the company added.

Indian Prime Minister Narendra Modi called Tata “a visionary business leader, a compassionate soul and an extraordinary human being.”

Modi praised Tata for providing “stable leadership to one of India’s oldest and most prestigious business houses”. — AFP

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I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]