Shares of Tata Group companies are expected to attract significant attention following the passing of Ratan Tata, the group’s former chairman, on Wednesday night. The chairman emeritus, aged 86, had been hospitalized at Breach Candy Hospital in Mumbai for several days before his demise.
Tata Sons Chairman N Chandrasekaran confirmed the news, describing Tata as his ‘friend, mentor, and guide’. Industrialist Harsh Goenka also paid tribute, calling Tata a ‘titan’ on social media. Prime Minister Narendra Modi expressed deep condolences, acknowledging Tata as a ‘visionary business leader’ and a ‘compassionate soul’, noting his remarkable contributions to business and society.
Ratan Tata had returned to India after completing his degree in architecture from Cornell University and began his career in 1962 within the group founded by his great-grandfather. He took over leadership from J.R.D. Tata in 1991, a period that coincided with India’s economic liberalization, which transformed the country’s business landscape.
In 2024, Tata Group’s major companies, including Tata Motors, Tata Steel, and Tata Consultancy Services, have delivered returns of up to 19% for their investors. Market focus today will shift to TCS and Tata Elxsi as they are set to announce their Q2 results, marking the start of the earnings season.
