Ratan Tata Writes To Employees Of The Group, Calls Them 'Inheritors, Custodians' Of Tata Trusts
A very moving letter indeed.
Ratan Tata, chairman of Tata Trusts, called all group employees "inheritors and custodians of the Trusts" and of its ¡°belief in making a sustainable change¡± in society.
The charitable trust owns 66 per cent of Tata Sons, holding entity of all companies controlled by the salt-to-software conglomerate.
PTI
"You bring your zeal, your vigour, your integrity and, most importantly, your hard work. It is because of you that we can derive and obtain the opportunity and privilege to serve our community and through that, our nation," Tata wrote in a letter on the occasion of the 178thbirth anniversary of Tata Group founder Jamsetji Nusserwanji Tata. The year also marks the 125th year of Tata Trusts, the philanthropic organisation.
Tata Trusts was recently in the news following questions on its governance structure and ambit of power, raised by former Tata Sons chairman Cyrus Mistry. Mistry was ousted on October 24, 2016, leading to one of the biggest feuds in India¡¯s corporate history.
AFP
In Jamshedpur, Tata praised the new chairman of the $100-billion group, N Chandrasekaran (popularly known as Chandra). The former CEO of TCSBSE -0.35 % had taken over on February 21.
Tata expressed confidence that Chandrasekaran will take the group as well as the city to a new level of progress and growth, while introducing him to the people of Jamshedpur.
PTI
¡°The group and Jamshedpur city are in safe hands. It is a matter of pride ¡ª Chandra being an internal person of the group and having an impeccable record,¡± he said after paying floral tributes at Jamsetji Tata¡¯s statue in the city.
"Chandra has an immense record in term of performance and the progress made by TCS under his leadership."
