Efforts to consolidate resisted in early 90s: Ratan Tata

Ratan Tata, the search for whose successor has just started, has said the holding company, Tata Sons, did not have the legal or moral right to control its numerous firms in the early 1990s and efforts to make these a meaningful group were resisted internally.

“There was a question as to whether we had the right to claim managing these companies. In fact, we didn’t have the legal or even the moral right to manage them,” Tata, credited for taking the group global after taking charge in 1991, was quoted as saying in the book, ‘Tata: The Evolution of a Corporate Brand’.