Amid continuing feud within the Tata group, following the replacement of Cyrus Mistry as the Chairman of the Tata Sons group, Ratan Tata, today, said there had been well-orchestrated and intended endeavour to destroy his personal reputations in the past three turbulent. The Tata Sons active chairman also claimed that the people who don’t practice what they preach had challenged the group’s ethics and values through unsubstantiated allegations. Addressing his employees, in a letter, Ratan Tata asked his employees to put behind the previous events and rededicate to re-establish.
In another letter, Ratan Tata wrote, “The past three months have been turbulent and wasteful. There has been a wilful, well-orchestrated endevour to destroy the personal reputation of individuals.”
“As we approach the New Year, we must all resolve to put these events of the past few months behind us and rededicate ourselves to re-establish the Tata Group’s leadership in the many areas in which we operate, as also demonstrating to the world around us that we indeed have protected the vision and values of our founding father,” Ratan Tata added.
Without naming anyone, he said the ethics and values of the group have been “challenged by people who are known not to practice what they often preach”. Tata, 78, who came back from retirement to take over Tata Sons after his successor Cyrus P Mistry was unceremoniously ousted on October 24, asked employees to put the events behind and re-dedicate themselves to re-establishing the Tata Group’s leadership.
Tata Group, he said, has not just been a business conglomerate but an institution built on sustaining livelihood in the communities it serves through the creation of wealth and its re-distribution to the nation’s people through social awareness and philanthropy.
“As we enter our 150th year, we need to reaffirm our resolve to continue to build and progress the Tata Group to be a national institution of which we can all be proud,” he said. “I am confident that with your support and dedication we can look forward to a better tomorrow.”
(With inputs from agencies)