Ratan Tata, the esteemed chairman emeritus of Tata Sons and a prominent figure in Indian business, is currently in critical condition at a Mumbai hospital, according to sources close to the situation. The 86-year-old industrialist had previously announced on Monday that he was undergoing routine medical investigations related to his age and associated health concerns.

Despite his hospitalization, Mr. Tata expressed in a social media statement that he remains in good spirits and assured the public that there is no cause for alarm. However, the recent reports of his critical condition have sparked concern among his followers and the business community.

Mr. Tata has had a profound impact on various sectors in India, leading Tata Sons from 1991 until his retirement in 2012. Under his leadership, the conglomerate expanded significantly, venturing into telecommunications with Tata Teleservices and taking Tata Consultancy Services public in 2004, among other achievements.

Upon stepping down, he was honored with the title of chairman emeritus for several Tata companies, including Tata Industries, Tata Motors, Tata Steel, and Tata Chemicals. His legacy continues to influence the corporate landscape in India and beyond.

As of now, there has been no official update from Tata’s representatives regarding his health status. The business community and the public await further information on his condition.