Ratan Tata, Veteran industrialist and Tata Sons Chairman Emeritus, is reportedly in critical condition at a Mumbai hospital.
Ratan Tata is in intensive care at a Mumbai hospital, reported Reuters on Wednesday quoting two sources with direct knowledge of the matter.
On October 7, in a social media post, the 86-year-old dismissed health concerns as ‘rumours’ and informed his followers and fans that there was no cause for concern and he is undergoing check-ups for age-related medical conditions.
"I am currently undergoing medical check-ups due to my age related medical conditions," he asserted in a post on X.
"There is no cause for concern. I remain in good spirits," he said, requesting public and media to refrain from "spreading misinformation".
In his post, Tata said, "I am aware of recent rumours circulating regarding my health and I want to assure everyone that these claims are unfounded."
Tata was taken to Mumbai's Breach Candy Hospital in the early hours of Monday following a drop in blood pressure.
Tata took over as the Chairman of Tata Sons in March 1991 and retired on December 28, 2012. During his tenure, the Tata Group's revenues grew manifold, totalling USD 100.09 billion in 2011-12 from a turnover of a mere ₹10,000 crore in 1991.
He led the group into some notable acquisitions, starting from Tetley by Tata Tea for USD 450 million in 2000, to steelmaker Corus by Tata Steel in 2007 for GBP 6.2 billion and the landmark Jaguar LandRover in 2008 for USD 2.3 billion by Tata Motors.
As a result of the acquisitions, over half of the salt-to-software group's revenues were derived from outside the country.
After his retirement, Tata faced boardroom battle with his successor Cyrus Mistry, who was sacked as Chairman of Tata Sons on October 24, 2016.
He returned as Interim Chairman of the group after Mistry was removed and handed over the baton of the group to N Chandrasekaran in January 2017 and moved to his role of Chairman Emeritus of Tata Sons.
