Ratan Tata bids adieu

Written By Unknown on Jumat, 28 Desember 2012 | 23.25

Corporate icon Ratan Tata today retired as Chairman of Tata Group after a 50-year run predicting that India's growth will reestablish after the 'passing phase' of a difficult environment, which will most likely continue in the next year.

Also read: Ratan Tata led the Group brilliantly: India Inc
    
Turning 75 today, he kept away from the Bombay House headquarters of the USD 100 billion group but instead spent time with employees in the manufacturing facilities of Tata Motors in Pune. "At the request of the union, I spent the day - my last day prior to retirement, in the Tata Motors' various manufacturing facilities at Pune to say farewell to my shop floor colleagues. We have been together in good times and bad and have gained closeness based on mutual trust," he tweeted.
    
He said in his twitter message that going to the plants and receiving greetings from so many colleagues is a great emotional experience.
I have been deeply moved by the sincerity and spontaneity of their greetings. I will always carry memories of this day with me through the rest of my life," Tata said
    
In a farewell letter to all the employees, he asked the employees to live by the value systems and ethical standards the group had followed all along. Cyrus Mistry, the 44-year-old Chairman designate, who is likely to take over as Tata group Chairman tomorrow visited he office today. He was groomed for the assignment by Tata for a year.
    
He chose group company Tata Motors' sedan Indigo Manza to travel to work on a day that marked an end of an era. The narrow lane leading to Bombay House, one of the oldest buildings in the heritage Fort area of south Mumbai, had heavy media presence since morning in anticipation of Tata visiting Bombay House.



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