The success of giving India its own independence in steel or power or in the hospitality area, is what gave him the pride that he had made India self-sufficient. If you look at India through the years, the needs of India have changed. When you took over and sat in that corner office in 1991, what is the one thought that raced through your mind because you were now the torchbearer and the legacy holder of almost 120-130 years of existence? So then why isn't mainstream business media seeking answers from the hallowed Tata Board? The 997-acre site produced three crops a year and provided a decent living to more than 20,000 people. The group will probably look different over the next 10 years. I discovered my hubris when I found the based in India.
Ratan Tata was asked to return as interim chairman and help find a new successor. Those that impressed you usually are the ones that led their companies to prosperity. Tata is a unique company even for India where there is government corruption. As you think the decision through, you have to automatically feel that this is wrong, incorrect, or unfair. That is an easier one to answer because I always felt the greatest despair I had was when Tatas decided to put Central India Mills which was what Jamsetji started, into liquidation. Krishna Kumar was standing on the footpath outside, I was partly there, partly home watching on television and it became very clear in a couple of hours that it was not a gang fight or an underworld thing, it was an attack by terrorists or by enemies of the state. Some oil companies take a similar approach.
Economists, however, question whether such a car can be profitable with such low profit margins: The day Tata unveiled the Nano, for example, its stock fell 6 percent. I remember you rushed to the Taj to see what was happening. People like the street urchins, what chance do they have? The police came and they pushed everybody out. And if you can help make that happen, that consumes you and provides you with a motivation to go forward. It is the young India of tomorrow.
We need to give him that opportunity to offer that new India. It may look different in the next 30 years, 50 years, but it should embody the same values and the same ethical standards that it has had. If we had compromised them, we could have done much better, grown much faster, and perhaps been regarded as much more successful in the pure business sense. Clearly, Mody put himself in an embarrassing position with a few missteps, but Ratan introduced the new rule that directors should retire at 65, and chairman at 75, a policy targeted at Russi Mody and Darbari Seth. What is the one thing that continues to drive you to this day? Q: The National Cancer Grid. These virtues have always come handy to the board of Tata Sons.
Ratan Tata is a frontrunner who engages much more democratic form of leadership strategy. Companies that are conscientious and compassionate about the have-nots in their country and those who do not care. The company has walked away from industries, like Bollywood films, known for questionable cash deals. Blue-collar workers got taken care of by the government, but the officers of the company really suffered and that has remained in my heart as something that was a moment of despair. I found another interesting aspect about Tata. .
I have not hidden it from people. I thought this was a very un-Tata like move, but it was done and many people went out of work. It became a frustrating issue and that sort of waned my urge to do what would give me many hours of joy. At the same time, he said India had a much larger population of some 350 million middle class consumers, which would grow as high as 600 million. Or is having a separate site a cop-out? Sumita Rai is affiliated with Management Development Institute.
The day we decide to cheat, the day we decide to do something, hold something for us and not for the customer, I think we would have lost a very, very important asset. Q: If you look at the trusts today, they span a wide range of sectors and there is a certain stress that you have laid on technology being a great intervention in some of the applications. What are your thoughts about that? In 21 st century, ethics have become organisations priority. Ratan vehemently denied the allegations that Tata Teleservices had been a beneficiary of the 2G scam. These three elements are: 1 Service: Service is links with value and vision, indicating the measures involve in servicing others and latent vision within them.
To me it started by one of my colleagues telephoning me and saying that there is some shooting at the Taj. How would I make a decision? Q: At your sprightly age, you still have multifarious hobbies from tinkering and driving cars to flying planes to reading to architecture. They are interested in a job and they make more money than they would make and they are just a part of India that is fascinating. I called the Taj and nobody replied from the switch board. Q: I remember you were particularly aggrieved at the loss of so many people, including people who were working at the Taj at that time. Of late, we have seen you invest in a lot of start-ups.