Reliance Industries chairman Mukesh Ambani says Ratan Tata's passing away is a big loss, not just to the Tata Group, but to every Indian. “It is a very sad day for India and India Inc.,” Ambani says in a statement.

Tata passed away aged 86 on Wednesday.

“At a personal level, the passing of Ratan Tata has filled me with immense grief as I lost a dear friend. Each of my numerous interactions with him left me inspired and energised and enhanced my respect for the nobility of his character and the fine human values he embodied,” says Ambani.

Ratan Tata was a visionary industrialist and a philanthropist, who always strove for society's greater good, he says.

“With the demise of Mr Ratan Tata, India has lost one of her most illustrious and kind-hearted sons. Mr Tata took India to the world and brought the best of the world to Bharat. He institutionalised the House of Tata and made it an international enterprise growing the Tata group over 70 times since the time he took over as chairman in 1991,” the RIL chairman says.

Tata Sons chairman N Chandrasekaran issued a statement on Tata’s demise. "It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata group but also the very fabric of our nation," Chandrasekaran says in a statement.

"For the Tata Group, Mr. Tata was more than a chairperson. To me, he was a mentor, guide and friend. He inspired by example. With an unwavering commitment to excellence, integrity and innovation, the Tata Group under his stewardship expanded its global footprint while always remaining true to its moral compass," Chandrasekaran says.

“Tata's dedication to philanthropy and the development of society  has touched the lives of millions. From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come. Reinforcing all of this work was Mr. Tata's genuine humility in every individual interaction,” he adds.

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