Ratan Tata obituary
Indian business tycoon who turned his family’s Tata Group into a global player, and invested heavily in British industryRatan Tata, who has died aged 86, was India’s most celebrated industrialist. He modernised the unwieldy business empire founded by his great grandfather in the 19th century and internationalised it. In the process he spread his interests into western countries, with mixed results.For the UK, that included the £271m purchase of the Tetley Group in 2000, followed more controversially by the acquisition of the steel company Corus for £6.2bn in 2007. Then, in 2008, Tata, himself a car enthusiast, added the troubled Jaguar Land Rover motor business for a further £1.75bn. Continue reading...
Indian business tycoon who turned his family’s Tata Group into a global player, and invested heavily in British industry
Ratan Tata, who has died aged 86, was India’s most celebrated industrialist. He modernised the unwieldy business empire founded by his great grandfather in the 19th century and internationalised it. In the process he spread his interests into western countries, with mixed results.
For the UK, that included the £271m purchase of the Tetley Group in 2000, followed more controversially by the acquisition of the steel company Corus for £6.2bn in 2007. Then, in 2008, Tata, himself a car enthusiast, added the troubled Jaguar Land Rover motor business for a further £1.75bn. Continue reading...
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