With the country’s economy on the cusp of historic change, the figure who did the most to lead Indian business onto the global stage is gone.

Shapoor Mistry stands as a resilient leader in the face of significant challenges, guiding the Shapoorji Pallonji Group through a period of transformation while maintaining a crucial stake in Tata Sons.

Ratan Tata, the former Tata Group chairman, has died at the age of 86, according to a statement from the Indian conglomerate.