Categories: Travel

Travel & tourism industry mourns the passing of visionary leader Ratan Tata, ET TravelWorld


The Indian travel and tourism industry is deeply saddened by the passing of Ratan Naval Tata, a towering figure in Indian business and philanthropy, whose legacy has left an indelible mark on the nation’s industrial and social landscape. Tata, who passed away at the age of 86, is remembered not only for his transformative leadership at the helm of Tata Group but also for his commitment to entrepreneurship, corporate social responsibility, and philanthropy.

Throughout his illustrious career, Tata was recognized with numerous accolades, including the prestigious Padma Bhushan and Padma Vibhushan, honoring his exceptional contributions to India. His global stature was further acknowledged when he was awarded an honorary knighthood (GBE) by the United Kingdom in 2014. As Chairman Emeritus of Tata Sons, Tata’s leadership was defined by his strategic vision, ethical business practices, and unwavering dedication to the betterment of society.

Under his stewardship, Tata Group expanded from a largely domestic enterprise into a global powerhouse, transforming industries and setting new benchmarks for Indian businesses. His tenure as Chairman from 1991 to 2012 saw the conglomerate grow exponentially, with notable acquisitions such as Jaguar Land Rover and the global expansion of Tata Consultancy Services (TCS). Beyond business, his focus on philanthropy ensured that resources were channeled into critical sectors like education, healthcare, and rural development, impacting millions across India.

Reflecting on Tata’s immense contributions, FICCI President Dr. Anish Shah said, “FICCI remembers Mr. Ratan Tata not just as a successful businessman but as a role model who embodied the values of integrity, humility, and social responsibility. His vision of ethical capitalism and his efforts to use business as a force for societal good have inspired generations of entrepreneurs and corporate leaders.”

A towering figure of the Indian Hospitality industry, Oberoi‘s legacy is one of excellence and innovation. He joined the Oberoi Group in 1956 and quickly rose through the ranks, becoming Executive Chairman in 1984. Under his leadership, the Oberoi Group grew from a handful of hotels in India to a global leader in luxury hospitality.

The Hotel Association of India (HAI) also expressed deep sorrow, stating, “HAI joins the nation in mourning the passing of Mr. Ratan Tata, whose quiet yet profound leadership shaped the ethos of the nation. His commitment to excellence, integrity, and social responsibility has left an everlasting legacy in the hospitality sector. Successive generations will be inspired by his visionary leadership.”Rahul Bhatia, Group Managing Director of InterGlobe Enterprises, shared his personal experience with Tata, recalling their interaction in 1985 during discussions on a potential collaboration. While the project didn’t materialize, Bhatia was struck by Tata’s “refreshing openness and disarming humility.” He added, “In tribute to Mr Tata’s love for flight and his vision for Indian aviation, IndiGo will humbly walk alongside Air India to secure India’s rightful place on the global aviation stage.”

Radha Bhatia, Chairperson of Bird Group, also paid tribute, saying, “Ratan Tata was a visionary who redefined the Tata Group and left an indelible mark on India’s travel and hospitality sector. His leadership in expanding the Taj Hotel properties and his pioneering role in aviation with Vistara and the recent takeover of Air India transformed the industry. His legacy will continue to guide us in building a stronger, more resilient India.”

Tata’s visionary approach, blending tradition with modernisation, not only shaped the future of Indian hospitality and aviation but also inspired countless entrepreneurs and leaders. His loss leaves a void in the Indian business community that will be hard to fill, yet his contributions to society and the nation will continue to inspire future generations.

  • Published On Oct 11, 2024 at 08:27 AM IST

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