The Tatas enjoy immense goodwill in India, partly due to their philanthropic work. The Tata Trusts, which engages in philanthropic activities, holds 66% of the equity of Tata Sons', and dividends are used to support the trusts' work.

India bade farewell on Thursday to one of its most respected corporate leaders - Ratan Tata, who expanded companies under his brand name into a global behemoth spanning multiple industries. Ahead of a state funeral,

Hundreds of people, including corporate leaders, politicians and celebrities, gathered in Mumbai on Thursday to pay their last respects to one of India's most respected business tycoons, Ratan Tata, who died aged 86.