In merely ten years' time, between 1992 and 2001, Irani, with support and guidance from Ratan Tata, effected a total transformation of Tata Steel in all its areas of operations and business. It became the lowest-cost producer of steel in the world by 2001. It replaced many old technologies with new technologies and equipment. Customer and market orientation improved in a major way. “Customer Har Haal Me" was a slogan coined by him in the mid 1990s. There was vast improvement in the company’s products and services. In essence, within a short period of 10 years the foundation for the “New Tata Steel" has been laid.