Ratan Naval Tata, the Chairman Emeritus of Tata Sons and one of India’s most revered industrialists, passed away on Wednesday night at a hospital in Mumbai. He was 86.

Tata, who led the Tata Group to unprecedented heights while embodying the principles of ethical leadership and philanthropy, leaves behind a towering legacy not only as a business leader but also as a man of integrity and vision.

N Chandrasekaran, the Chairman of Tata Sons said “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.”

“For the Tata Group, Mr. Tata was more than a chairperson. 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,” Chandra added.

Tata’s dedication to philanthropy and the development of society has touched the lives of millions. From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come. Reinforcing all of this work was Tata’s genuine humility in every individual interaction, the Tata Sons’ chief said in a statement.

Anand Mahindra, Group Chairman of Mahindra & Mahindra said “India’s economy stands on the cusp of a historic leap forward and Ratan’s life and work have had much to do with our being in this position. Hence, his mentorship and guidance at this point in time would have been invaluable. With him gone, all we can do is to commit to emulating his example. Because he was a businessman for whom financial wealth and success was most useful when it was put to the service of the global community.”