His leadership transformed Tata Group into a global conglomerate with diverse interests in sectors such as steel, automobiles, software, and telecommunications.

His investments also contributed to Singapore's growth into higher value-added sectors, showcasing his influence beyond India.

Following his death, Tata Group stocks exhibited mixed trading patterns, with Tata Motors declining nearly 2 percent, while Tata Chemicals and Indian Hotels Company rose up to 4 percent.

Tata was hospitalized earlier in the week for age-related checkups but had reassured the public that there was no cause for concern.

Historian Mircea Raianu noted that Tata's acquisitions symbolically represented a reversal of colonial attitudes, with an Indian company acquiring British assets.

In the wake of his passing, notable figures from various sectors expressed their condolences and reflected on his impactful legacy.

Despite facing challenges, including the controversial purchase of Corus and the underwhelming launch of the Tata Nano, Tata's tenure saw the company's revenue soar from $6 billion to $100 billion.

Ratan Tata, the former chairman of Tata Group and a prominent business leader, passed away at the age of 86 in Mumbai.

Tata was known for his humility and commitment to philanthropy, which was acknowledged by Prime Minister Modi, who highlighted his kindness and dedication to societal betterment.

Tata's decisions often reflected a long-term vision for societal benefit, emphasizing brand-driven sales over immediate financial success.

He was also a licensed pilot, known for his modesty and love for animals, particularly dogs.