Veteran industrialist and Tata Sons Chairman Emeritus Ratan Tata on Monday termed as rumours the news about him being admitted to hospital in critical condition.
“I am aware of recent rumors circulating regarding my health and want to assure everyone that these claims are unfounded. I am currently undergoing medical check-ups due to my age and related medical conditions,” Tata posted on Instagram.
“There is no cause for concern. I remain in good spirits and request that the public and media respect refrain from spreading misinformation,” he added.
Earlier, a few publications and journalists including the Mumbai tabloid Mid-Day had reported on social media that the 86-year-old former chairman of Tata Sons had been “rushed” to hospital in critical condition.
Tata took over as the Chairman of Tata Sons in March 1991 and retired on December 28, 2012. During his tenure, the Tata Group's revenues grew manifold, totalling USD 100.09 billion in 2011-12 from a turnover of a mere Rs 10,000 crore in 1991.
He led the group into some notable acquisitions, starting from Tetley by Tata Tea for USD 450 million in 2000, to steelmaker Corus by Tata Steel in 2007 for GBP 6.2 billion and the landmark Jaguar LandRover in 2008 for USD 2.3 billion by Tata Motors.
As a result of the acquisitions, over half of the salt-to-software group's revenues were derived from outside the country.
After his retirement, Tata faced boardroom battle with his successor Cyrus Mistry, who was sacked as Chairman of Tata Sons on October 24, 2016.
He returned as Interim Chairman of the group after Mistry was removed and handed over the baton of the group to N Chandrasekaran in January 2017 and moved to his role of Chairman Emeritus of Tata Sons. PTI RKL IAS TRB
