Indian tycoon Ratan Tata dies aged 86

The former chairman of one of the largest companies in India has died at the age of 86. 

Ratan Tata, who ran the conglomerate Tata Group for more than two decades, oversaw major acquisitions, including the takeover of UK-based car brands Jaguar and Land Rover. 

His tenure also saw the Mumbai-based firm buy the Anglo-Dutch steelmaker Corus and tea giant Tetley. 

Ratan Tata ran the conglomerate Tata Group for more than two decades,

Natarajan Chandrasekaran, chairman of Tata Sons, the holding company of the Tata Group, said the former chairman was a ‘truly uncommon leader’. 

He added: ‘His legacy will continue to inspire us as we strive to uphold the principles he so passionately championed.’ 

Ratan Tata, who was born in December 1937, joined the Indian conglomerate in 1962 and worked in a variety of roles before becoming chairman in March 1991.

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