From Rohit Sharma To Chandrayaan-3: Inside Tata Group Chairman's New Year Message To Employees

As we get set to enter the new year 2024, one of India's most prestigious business groups, Tata Group'schairman,n has shared a message for his employees. In his new-year message to Tata Group employees, N Chandrasekaran mentioned the group's focus areas for 2024 and the challenges, besides mentioning Chandrayaan-3 and the Indian men's cricket team's captain Rohit Sharma as well.

Tata Group Chairman's New Year Message To Employees

INDIATIMES

What He Said About Focus Areas For 2024

"Tata group will have to prioritise execution, customer satisfaction and use technology especially AI in 2024 .Now that we know what we have to do, and our plans have momentum, we need to think hard about how we can execute flawlessly and with speed".

"The next decade will belong to companies who excel in giving customers excellent experiences. With our growing footprint in consumer businesses, we have to bring empathy to every interaction¡ªbe that in Air India, Tata Motors or Titan. Brand Tata must be recognisable across all companies. And our group¡¯s aim should not be merely to adopt, or adapt to, technology. We need to shape it, and make it. This New Year, I urge each company to appoint an AI champion to proactively pursue the benefits of AI¡ªeconomically, operationally and socially," he said.

Also Read: List Of Tata Group Chairmen

What He Said About Challenges For 2024

"We must be prepared for more disruption and volatility in 2024, as the complexity of global governance will reach new heights as the world finds new rules to protect data privacy, curb inflation, reduce carbon emissions, and perceptions of AI risk," Chandrasekaran said, as per the ET report. Geopolitics is also a potential source of volatility. 2024 is a year of elections, with 40 nations heading to the polls.

"The world faced an array of destabilising trends, from escalating geopolitical tensions to the mass adoption of generative AI to the ever-accelerating push toward sustainability. Some of these trends have been welcome; others much less so. But all of them have made the rules and processes governing our world trickier to navigate¡ªand all of them have added to the pressure to adapt," he said.

What He Said About Chandrayaan-3

ISRO

Some important achievements were marked this year for India. As per Chandrasekaran, the first was India's trailblazing lunar mission (Chandrayaan-3), in which India became the first nation to successfully land a craft on the south pole of the moon. "This incredible feat, achieved with a modest investment of only Rs 600 crore, won admiration at home and abroad and offered a timely demonstration of what our nation can do," he said.

What He Said About Rohit Sharma

PTI

The second is the Indian cricket team¡¯s journey in the World Cup, where the loss in the final was enormously disappointing, he said. "But the cricket played by Rohit¡¯s team on the way to the final was more clinical than anything I have seen. The confidence and attitude were contagious, and there were wonderful lessons for Tata Group to emulate, such as resilience, preparation, mental strength, and collaboration, like the qualities displayed by Rohit Sharma and his team during the World Cup this year. Such qualities will be crucial as the group moves forward with our transformation journey next year," he said.

Also Read: This IPO Can Earn Sachin Tendulkar More Money Than Mitchell Starc's IPL Deal

Recalling The Optimism Shown By Tata Group In 2023

Gates Foundation India

"I am thrilled that, in this difficult global context, our group performed admirably in 2023. Our transformation¡ªfollowing the principles of simplification, synergy, scale, sustainability, supply chain, and AI¡ªhas progressed well across our companies. There are too many successes to list here. We also celebrated Tata Technologies¡¯ historic IPO and the announcement of new gigafactories¡ªexciting moves that I am confident will bring resilient growth for decades to come," he added.

In 2023, the combined market capitalization of Tata Group companies increased by 32%, nearly double the rate of the Sensex, which rose by 17%.

As part of the group's commitment to tackling India¡¯s unique challenges, it launched the Tata Transformation Prize, an award celebrating pathbreaking research and development. "The first entries have already vindicated my faith in India¡¯s exceptional science and research community. I am certain that with the right support, transformational breakthroughs will come across multiple fields," Chandrasekaran said.

While the near-term global outlook feels shadowed with uncertainty, India¡¯s future is bright, he said. "In 2023, we fared better than most. Our economy is thriving, with GDP on track to double to USD 7 trillion over the next five years. And I am certain that India is poised to benefit from the shifts transforming the world. Generative AI, for example, is a potential antidote to our access and inequality problems¡ªprovided we are careful and introduce the right rules," he said.

Also Read: All You Need To Know About Tata Group's Most Expensive Stock

For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.