Ratan Tata dismisses 'ghost-shadow' talk over Tata Group
"I should not be involved in the business of the company or how the company goes about its growth. But at the same time I should be concerned about the return I get on my shares because it is the only income that the trusts have."
The dividend from Tata Sons was to be distributed for charity by the trusts. "So I should protect that," he said.
Looking ahead to the future of the group, Tata said that he personally believed that it was poised to continue to grow. "Where it would grow, I think Cyrus Mistry should have his space and define where he would like it to grow," he said.
His 20 years at the helm was enough time to charter course. Quite often an organisation has played out one course and is ready to go in a different direction, he said.
Often, an unwillingness to have that "course correction brings about the demise of an organisation because when you bring fresh blood into it, he sees things in another way", said Tata said.
The group would 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