Dear,
Ratan Tata, an iconic corporate leader, retired as chairman of Tata Group after a 50-year run on Friday but kept away from office on his last day at the helm of one of country's oldest business empires.
He wrote to the employees of the Tata Group. Here is the full text of the letter:
Dear Colleague,
As 2012 comes to an end, let me wish you and your family all the best for the New Year. I hope that 2013 and the future years bring you good health, peace of mind and great happiness.
This is also the last time that I write to you prior to my retirement as the Chairman of the Tata Group and I want to convey to you how privileged I have been to have had the opportunity of leading this great Group over the last two decades through good times and bad.
Whatever has been achieved has only been possible because of the amazing spirit, the dedication of each one of you and the enormous support and faith reposed in me, for which I am deeply grateful and appreciative. I feel immensely proud of the manner in which the employees and the companies have come together in facing crises from time to time.
These have included adverse market conditions, natural calamities like earthquakes and tsunamis and gruesome acts of terrorism.
The memories of personal sacrifices, loyalty and individual acts of heroism will always remain in my memory, to reinforce the great sense of pride I have in having been a member of this team. We today are a $100 billion Group in revenues. Over the past 20 years our revenues have grown about 20 times and today 58% come from overseas operations. Our brand has emerged as the 45th global and the number one Indian brand.
Our products and services are present in 85 countries. We therefore have every reason to feel proud and feel confident in facing the challenges ahead. The difficult economic environment that we face in the current year will most likely continue through most of the next year.
We will probably see continued constraints in consumer demand, over-capacity and increased competition from imports. There will therefore be great pressure on our companies to reinvent themselves in terms of business processes and to dramatically reduce costs, to be more aggressive in the market place and to widen our product range to better address consumer needs.
We will also need to contain our borrowings and work hard to retain our margins. This environment would once again call on you for your support, your commitment and your dedication to achieve success in these somewhat difficult times.This seemingly gloomy picture however will be a passing phase.
I feel confident that the robust growth that India has shown over the past several years will be re-established and the strong fundamentals in the country will result in India once again taking its place as one of the economic success stories of the region.
The Tata Group will undoubtedly play an important role in the continued development of our country, providing leadership in various industrial segments in which they operate and living by the value systems and ethical standards on which our Group was founded. The future growth of the Group will be led in the coming years by Cyrus Mistry.
I am sure that he will receive from you the same support, the same commitment and the same understanding that I have enjoyed over the years. Tatas are a Group where I feel proud to have belonged and proud to have been associated through the years. I wish the Group, Cyrus Mistry and each of you great success in the years ahead. I hope the Group grows and shines in the coming years.
Yours sincerely,
Ratan N Tata,
Chairman, Tata Sons
From India, Thiruvananthapuram
102Ratan Tata, an iconic corporate leader, retired as chairman of Tata Group after a 50-year run on Friday but kept away from office on his last day at the helm of one of country's oldest business empires.
He wrote to the employees of the Tata Group. Here is the full text of the letter:
Dear Colleague,
As 2012 comes to an end, let me wish you and your family all the best for the New Year. I hope that 2013 and the future years bring you good health, peace of mind and great happiness.
This is also the last time that I write to you prior to my retirement as the Chairman of the Tata Group and I want to convey to you how privileged I have been to have had the opportunity of leading this great Group over the last two decades through good times and bad.
Whatever has been achieved has only been possible because of the amazing spirit, the dedication of each one of you and the enormous support and faith reposed in me, for which I am deeply grateful and appreciative. I feel immensely proud of the manner in which the employees and the companies have come together in facing crises from time to time.
These have included adverse market conditions, natural calamities like earthquakes and tsunamis and gruesome acts of terrorism.
The memories of personal sacrifices, loyalty and individual acts of heroism will always remain in my memory, to reinforce the great sense of pride I have in having been a member of this team. We today are a $100 billion Group in revenues. Over the past 20 years our revenues have grown about 20 times and today 58% come from overseas operations. Our brand has emerged as the 45th global and the number one Indian brand.
Our products and services are present in 85 countries. We therefore have every reason to feel proud and feel confident in facing the challenges ahead. The difficult economic environment that we face in the current year will most likely continue through most of the next year.
We will probably see continued constraints in consumer demand, over-capacity and increased competition from imports. There will therefore be great pressure on our companies to reinvent themselves in terms of business processes and to dramatically reduce costs, to be more aggressive in the market place and to widen our product range to better address consumer needs.
We will also need to contain our borrowings and work hard to retain our margins. This environment would once again call on you for your support, your commitment and your dedication to achieve success in these somewhat difficult times.This seemingly gloomy picture however will be a passing phase.
I feel confident that the robust growth that India has shown over the past several years will be re-established and the strong fundamentals in the country will result in India once again taking its place as one of the economic success stories of the region.
The Tata Group will undoubtedly play an important role in the continued development of our country, providing leadership in various industrial segments in which they operate and living by the value systems and ethical standards on which our Group was founded. The future growth of the Group will be led in the coming years by Cyrus Mistry.
I am sure that he will receive from you the same support, the same commitment and the same understanding that I have enjoyed over the years. Tatas are a Group where I feel proud to have belonged and proud to have been associated through the years. I wish the Group, Cyrus Mistry and each of you great success in the years ahead. I hope the Group grows and shines in the coming years.
Yours sincerely,
Ratan N Tata,
Chairman, Tata Sons
From India, Thiruvananthapuram
Hi
An excellent letter that captures the essence of TATA Groups growth, gives a snapshot of the reality of today's business climate and outlines the Tata Groups challenges and possible solutions. He also reaffirms the groups emphasis on ethical business practices and officially hands over the baton to the new incumbent with his good wishes and grace.
A very apt and timely sharing.
Regards
From India, Mumbai
An excellent letter that captures the essence of TATA Groups growth, gives a snapshot of the reality of today's business climate and outlines the Tata Groups challenges and possible solutions. He also reaffirms the groups emphasis on ethical business practices and officially hands over the baton to the new incumbent with his good wishes and grace.
A very apt and timely sharing.
Regards
From India, Mumbai
He spent the last day at the various locations, at Tata Motors, Pune, as requested by his Union. This shows the mark of a leader, who spent the day with people, not just the board or the top few, but across the continuum . Salute !
Here's a pic to his message
[img]rGeTUI5Egdn1jpPWDMAJ1s_[/img]
From India, Mumbai
Here's a pic to his message
[img]rGeTUI5Egdn1jpPWDMAJ1s_[/img]
From India, Mumbai
I am No Where connected to Mr Ratan Tata Professionaly and still i feel belssed, inspred, overhelmed by way of his dealing with people and sitations. how lucky the tata group people would be feeling to have him in their life. May god bless him all the happiness and good health in his coming years.
From India, New Delhi
From India, New Delhi
Hello Viewers,
The Speech by Mr Ratan Tata reveals certain sterling qualities that the
Tata Group has stood for over the years and also the impressive qualities of a dynamic leader.
That he has completed 50 years, a Golden Jubilee of service, speaks of DEDICATION.
Years of meaningful experience to take the revenue tally to an astounding $ 100 Billion is GROWTH.
Recalling the faith and support of his people is a testimony to his LEADERSHIP.
His outlook on current demand, competition and the need to reduce costs show that he is PRAGMATIC.
Calling for the support and commitment of his people indicates that he is a strong TEAM PLAYER.
His views about India re-emerging strongly in times to come are PATRIOTIC.
The hope that he has expressed about the Tata Group doing well in future shows that he is a VISIONARY.
His fervent call to his people to extend their support to the new incumbent
shows his CONCERN for his CONCERN.
V.Raghunathan..................................... ........................................ Navi Mumbai
From India
The Speech by Mr Ratan Tata reveals certain sterling qualities that the
Tata Group has stood for over the years and also the impressive qualities of a dynamic leader.
That he has completed 50 years, a Golden Jubilee of service, speaks of DEDICATION.
Years of meaningful experience to take the revenue tally to an astounding $ 100 Billion is GROWTH.
Recalling the faith and support of his people is a testimony to his LEADERSHIP.
His outlook on current demand, competition and the need to reduce costs show that he is PRAGMATIC.
Calling for the support and commitment of his people indicates that he is a strong TEAM PLAYER.
His views about India re-emerging strongly in times to come are PATRIOTIC.
The hope that he has expressed about the Tata Group doing well in future shows that he is a VISIONARY.
His fervent call to his people to extend their support to the new incumbent
shows his CONCERN for his CONCERN.
V.Raghunathan..................................... ........................................ Navi Mumbai
From India
Yesterday was the 75th birth day of the Padam Bhushan, Padam Vibhusan Ratan Tata ji.
He was born on 28th December, 1937 at Mumbai. I would like to say happy birth day to Ratan Sir, on behalf of all the CiteHR members.
He is the great man who brought the TATA to the world.
The spirit of the letter indeed a example of his greatness, his wisdom..
No word to appreciate him…
He is the living legend industrialist and an icon of millions of Indians …. A Great solute to him...
From India, Delhi
He was born on 28th December, 1937 at Mumbai. I would like to say happy birth day to Ratan Sir, on behalf of all the CiteHR members.
He is the great man who brought the TATA to the world.
The spirit of the letter indeed a example of his greatness, his wisdom..
No word to appreciate him…
He is the living legend industrialist and an icon of millions of Indians …. A Great solute to him...
From India, Delhi
HATS OFF TO TATA!!! IT IS A VERY SMALL WORD!!!!!!!!!!!!!!!!!!!!!!!
Please read the link, probably you may not be aware of it............
https://www.citehr.com/257537-salute-mr-ratan-tata.html
From India, Mumbai
Please read the link, probably you may not be aware of it............
https://www.citehr.com/257537-salute-mr-ratan-tata.html
From India, Mumbai
Dear All, Attaching the pdf copy of Mr. Ratan Tata’s letter signed by him. Thanks & Regards, Bhavin Mehta
From India, Mumbai
From India, Mumbai
Hello all
Such an inspiring letter by Ratan tata towards his employees................This letter shows that he gives RECOGNITION to each and every employee of tata group which is the basic expectation of mankind....He makes his employees clear view about the concern and what path it should travel in future course.......
As a LEADER he is been an inspiration to many people and i salute him for his commitment towards the concern as well as the society..............
From India, Coimbatore
Such an inspiring letter by Ratan tata towards his employees................This letter shows that he gives RECOGNITION to each and every employee of tata group which is the basic expectation of mankind....He makes his employees clear view about the concern and what path it should travel in future course.......
As a LEADER he is been an inspiration to many people and i salute him for his commitment towards the concern as well as the society..............
From India, Coimbatore
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