Ratan Tata strategically used retirement policies to consolidate power and modernize Tata Group starting in 1992. He mandated directors retire at 75, forcing several senior leaders out. The policy evolved over the years, reflecting his evolving strategy and maintaining his influence.

Maharashtra Chief Minister Eknath Shinde announced that late industrialist Ratan Tata, who passed away at 86, will be given a state funeral. Shinde highlighted Tata’s unique blend of morality and entrepreneurship, calling him a living legend. Tata’s remains will be kept at the NCPA in Mumbai for public homage. His resilience during the 26/11 terror attacks was also noted.

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