By Aditya Kalra
NEW DELHI (Reuters) – Ratan Tata, chairman emeritus of one of India's largest conglomerates, Tata Sons, is in critical condition in intensive care at a Mumbai hospital, two sources with direct knowledge of the situation told Reuters on Wednesday. affair.
Tata, 86, who led Tata Sons for more than 20 years and is credited with the company's expansion and diversification, said on Monday that he was undergoing routine medical investigations due to his age and related medical conditions.
A representative for Tata, one of the world's largest conglomerates with revenue of $165 billion in 2023-24, did not immediately respond to a request for an update on its condition on Wednesday.
The sources, one of them close to the Tata family, and both with direct knowledge of his health, did not provide further details about the nature of his illness.
Tata has been admitted to Mumbai's Breach Candy hospital, they said.
In a statement posted on his social media profiles on Monday, Tata said he remained in good spirits and there was no cause for concern.
Tata is not as active in the day-to-day running of the group as he used to be, but Tata Sons leaders consult him on important decisions, a senior company executive told Reuters.
However, he is involved in the management of Tata Trusts, a philanthropic organization run by the group, of which he is president.
Tata also serves on the international advisory boards of Mitsubishi Corporation and Morgan Chase (NYSE:), according to its profile on the Tata Sons website.
Tata became president of the automobile and steel conglomerate in 1991 and led the group founded by his great-grandfather more than a hundred years ago until 2012.
He founded telecom company Tata Teleservices in 1996 and took over the IT business. Tata Consulting Services (NS:) public in 2004.
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