Ratan Tata, chairman emeritus of one of India’s biggest conglomerates, Tata Sons, died at 86 on October 9, 2024. He had been battling critical conditions and admitted to the intensive care unit of Mumbai’s Breach Candy Hospital.
Following the demise of chairman emeritus Ratan Tata, shares of the Tata Group companies, including Tata Steel, TCS, Tata Motors are likely to be in focus on Thursday
Ratan Tata, chairman emeritus of one of India’s biggest conglomerates, Tata Sons, died at 86 on October 9, 2024. He had been battling critical conditions and admitted to the intensive care unit of Mumbai’s Breach Candy Hospital.
"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," N Chandrasekaran, chairman of Tata Sons said in a statement released to media.
Chandrasekaran noted that the veteran industrialist was more than a chairman for the Tata Group. “To me, he was a mentor, guide and friend. He inspired by example. With an unwavering commitment to excellence, integrity, and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass," he added.
Ratan Tata joined as chairman of Tata Group in 1991 succeeding JRD Tata. In 2012, he stepped down as the chairman of Tata Sons after 50 years with the conglomerate. He was appointed the Chairman Emeritus of Tata Sons. In 2022, the legendary business tycoon stepped down as acting Chairman of Tata Sons.
Under Tata’s leadership, the conglomerate expanded to over 30 companies across various sectors, with a presence in more than 100 countries. The group includes 26 publicly listed companies with a combined market capitalisation exceeding $365 billion as of March 31, 2024.
Shares of the Tata Group companies, including Tata Steel, TCS, Tata Motors, Tata Technologies, Tata Power, Trent, are likely to be in focus on Thursday following the demise of the industry stalwart.
Historically, Tata stocks have generated significant returns for its investors, reflecting the solid foundation laid by Tata’s leadership.
Since its listing on the BSE in August 2004, shares of IT Major TCS have surged over 3,400 per cent to Rs 4,258.95 as of October 9, 2025.
In the last five years, shares of Tata Motors have jumped over 674 per cent, Tata Power 656 per cent and Tata Steel rose 366 per cent.
Other major listed companies of Tata Group include Tata Consumer Products, Tata Communications, Tata Chemicals, Tata Elxsi, Titan, Tata Technologies, Trent, Voltas, Air India, Tata Coffee, Indian Hotel and Nelco.