CNN
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Ratan Tata, the former chairman of the Tata Group, has died at the age of 86, according to a statement from the Indian conglomerate.

“It is with a deep sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly unusual leader whose immeasurable contributions shaped not only the Tata Group but also the fabric of our nation,” the statement said.

In a post on X, Indian Prime Minister Narendra Modi responded to Tata’s death.

“Ratan Tata was a visionary business leader, a compassionate soul and an extraordinary human being,” he wrote.

Tata retired as chairman in 2012 and was currently chairman emeritus of Tata Sons.