Ratan Tata, ex-chair of one of India's largest companies, dies aged 86

Tata Sons chairman N Chandrasekaran confirmed Mr Tata’s death and described him as his “friend, mentor, and guide” in a statement..

In 1962, he began working for the group his great-grandfather had founded nearly a century earlier, Tata. Ratan Tata, left, chats with fellow Indian industrialist Jamshed J Godrej at a meeting in Calcutta in 1995 The group purchased British tea firm Tetley in 2000 for $432m and Anglo-Dutch steelmaker Corus in 2007 for $13bn , at the time the biggest takeover of a foreign firm by an Indian company.

A licensed pilot who would occasionally fly the company plane, Ratan Tata never married and was known for his quiet demeanour, relatively modest lifestyle and philanthropic work.

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