continue to grow at the same kind of growth that it had achieved but the patriarch warned, "competition is growing all the time and sustainability of business is becoming more and more difficult".
He went on to say, "So I am sure Cyrus will bring new ideas and new things. I feel very confident that the organisation and his leadership will grow."
Asked about the changes he had not been able to achieve in the group, Tata said that he had wanted a more open, flat organisation where there is not much hierarchy, where there is much more informal working relationship at all levels.
"We are very hierarchical, not feudal – given to honouring years of experience... We don't touch each other's feet but we still almost bow down every time when one passes."
Describing his long tenure as a "journey of great learning", Tata said that he had a role model to look up to in Mr J R D Tata whom he had got to know about six years after he joined the group.
He knew him but was not close to him and they had come close together because they were both pilots.
"I have been flying since I was 17 and when he came to Jamshedpur, it was flying which he liked to do and I liked to do. That brought us close and created a friendship between us which grew over the years," he said of the elder Tata.
"So it was a period of learning, a period of frustration also from time to time. Things didn't happen which as a young man I thought should happen.
"As an older person I understand being told as I was at that time that you have to be patient and so on as things don't happen as you might wish them to be."
Summing up his life with the 144-year-old conglomerate, Tata said, "On the whole it has been a very rewarding experience. I tried to uphold the values and ethical standards that were there.
"I feel satisfied that I have done my best to do what I considered to be the right thing and