After he stepped back from the Tata Group, Ratan Tata became known as a prominent investor in Indian startups, backing a plethora of companies including digital payments firm Paytm, Ola Electric, a unit of ride hailing firm Ola, and home and beauty services provider Urban Company.

Indian tycoon Ratan Tata has died aged 86, says the Tata Group, the conglomerate he led for more than two decades. Tata was one of India's most internationally recognised business leaders. The Tata Group is one of India's largest companies,

Ratan Tata, the businessman who inherited one of India’s oldest conglomerates and transformed it through a string of eye-catching deals into a global empire, has died. He was 86.