I don't believe in taking right decisions. I take decisions and then make them right.— Ratan Tata
The most delightful Ratan Tata quotes to discover and learn by heart
Ups and downs in life are very important to keep us going, because a straight line even in an ECG means we are not alive
None can destroy iron, but its own rust can! Likewise none can destroy a person, but its own mindset can!
Take the stones people throw at you, and use them to build a monument
I don't believe in taking right decisions.
Apart from values and ethics which I have tried to live by, the legacy I would like to leave behind is a very simple one - that I have always stood up for what I consider to be the right thing, and I have tried to be as fair and equitable as I could be.
I am proud of my country. But we need to unite to make a unified India, free of communalism and casteism. We need to build India into a land of equal opportunity for all. We can be a truly great nation if we set our sights high and deliver to the people the fruits of continued growth, prosperity and equal opportunity.
I have been constantly telling people to encourage people, to question the unquestioned and not to be ashamed to bring up new ideas, new processes to get things done.
There are many things that, if I have to relive, maybe I will do it another way.
But I would not like to look back and think what I have not been able to.
The day I am not able to fly will be a sad day for me.
One of the weaknesses of Indian industry is that in many areas.
. like consumer goods.. it is very fragmented. Individually, the companies might not be able to survive. What is needed is a consortium of like companies in one industry, presenting a strong front to the multinationals. The Swiss watch industry did this.
I have also made this a point in our company: We need to stop taking baby steps and start thinking globally. It really seems to be helping.
We live in a highly competitive world - and we Indians have to struggle to catch up. So modesty is necessary, even if there is also a need for a certain amount of national pride. When it comes down to it, we have managed our country's economy poorly for long enough. There is really no reason to now think that we can conquer the world.
I have always been very confident and very upbeat about the future potential of India. I think it is a great country with great potential.
I came seriously close to getting married four times, and each time I backed off in fear or for one reason or another. Each occasion was different, but in hindsight when I look at the people involved, it wasn't a bad thing what I did. I think it may have been more complex had the marriage taken place.
I followed someone who had very large shoes.
He had very large shoes. Mr. J. R. D. Tata. He was a legend in the Indian business community. He had been at the helm of the Tata organization for 50 years. You were almost starting to think he was going to be there forever.
If it stands the test of public scrutiny, do it.
.. if it doesn't stand the test of public scrutiny then don't do it.
Some foreign investors accuse us of being unfair to shareholders by using our resources for community development. Yes, this is money that could have made for dividend payouts, but it also is money that's uplifting and improving the quality of life of people in the rural areas where we operate and work. We owe them that.
I will certainly not join politics. I would like to be remembered as a clean businessman who has not partaken in any twists and turns beneath the surface, and one who has been reasonably successful.
IT and the entire communications business clearly have the greatest potential for growth. But if you're talking about sheer size, the steel and auto industries will remain at the top.
I think the environment has become more competitive.
That has made Indian industry more concerned with a) its customers, b) the quality of its products, and c) its brand image in the marketplace.
When you see in places like Africa and parts of Asia abject poverty, hungry children and malnutrition around you, and you look at yourself as being people who have well being and comforts, I think it takes a very insensitive, tough person not to feel they need to do something.
The strong live and the weak die. There is some bloodshed, and out of it emerges a much leaner industry, which tends to survive.
I have two or three cars that I like, but today, Ferrari would be the best car I have driven in terms of being an impressive car.
Britain needs a real push. It needs nationalism. The sort of spirit that comes during a war. It needs people really to want to see the UK sitting again, maybe not as a colonial power, but as an economic power.
What I would like to do is to leave behind a sustainable entity of a set of companies that operate in an exemplary manner in terms of ethics, values and continue what our ancestors left behind.
We're responsible for the fortunes of the company but this is a bone-dry situation in terms of access to credit. Nobody can operate on that basis unless you have large cash balances, which we don't. My concern is that the government doesn't appear to care about manufacturing.
Perhaps the loneliest time was during the Tata Tea issue in Assam.
For some reason, everyone believed that we had conspired with the extremists, ULFA. People still believe what they read is necessarily the truth. Sometimes it is based on inadequate or wrong information.
India has probably lost its position to China as the world's workshop.
At the same time it has the power to be ahead of China when it comes to knowledge. Not that the Chinese are far behind. They will get there. But our challenge is to invest sufficiently in education.
The early Rockefellers made their wealth from being in certain businesses and remained personally very wealthy.
New startups embody the creativity, the innovation of young people, and for me, it was and is a very worthwhile experience to interact with them.
I would say that one of the things I wish I could do differently would be to be more outgoing.
I can tell you in all honesty that I am highly connected to my family, my wife, and my three children, though I don't get to spend dollops of hours with them.
Telco is totally committed to commercial vehicles, where it is bound to remain a major player. What may well happen in the future is we may split the company into two business units.
As you grow older, you become - everybody becomes - less inflexible and a little more accommodating.
If you want to walk fast, walk alone. But if you want to walk far, walk together
There has to be a drive to make the U.
K. competitive in the motorcar industry or in the engineering industry. To do that, you have to give attention to the manufacturing sector.
Jardine is the largest dealer of Mercedes in the world.
They also sell cars for two or three Japanese makers.
A founder who is in for the short run, or has no passion for the sector he is in, doesn't give me a great deal of comfort.
The political system of the People's Republic of China can make things easy.
Decisions are made quickly and results come quickly, too. In our democracy [in India], on the other hand, such things are extremely difficult.
The government should do its job. The government's job is, in fact, to run the country, to manage the country, to govern the country. And governance is an important thing, not application where it suits one so, to micro control where it suits them on the other hand.
People of great power wield great power, but people of lesser power or people who have fallen out of power go to jail without adequate evidence, or their bodies are found in the trunks of cars.
Power and wealth are not two of my main stakes.
The - the early Rockefellers made their wealth from being in certain businesses and - and remained personally very wealthy. Tatas were different in the sense the future generations were not so wealthy. They - they were involved in the business, but most of the family wealth is put into trust, and the family did not, in fact, enjoy enormous wealth.
I am in favour of disinvestment. But if a disinvested company has to tie up with a government company for its livelihood, there is a problem.
Challenges need to be given to an organization.
After I retired, it seemed to me that there was a whole new world out there, which was a digital world driven by a marketplace, basically, which had a huge potential driven by handheld devices, which would one day become the virtual retail store of India.
If there are challenges thrown across, then some interesting, innovative solutions are found. Without challenges, the tendency is to go on the same way.
The economic situation, the high cost of undertaking manufacturing, the supply chain - which is, by the way, dying out also as manufacturing undergoes hardship - make the U.K. not the first place you would look at to make a manufacturing investment.