Skip to main content

Not so fascinating year for TATAs

It's been a rough year for Ratan Tata and the TATAs.

2008 started off in a grand way, with the acquisition of the iconic British marquees Jaguar and Land Rover (JLR) and the launch of most awaited NANO...

  • JLR deal gave the Tata group the necessary global credentials.
  • Things started skidding off-course when the Nano project had to be pulled out of Singur, West Bengal.
  • Soon the global financial meltdown set in, hurting several group businesses
  • The devastation of the Taj Mahal Palace and Tower, the jewel in the Tatas' hospitality crown.
  • TATAs are facing one of the toughest years in its entire existence of over a century.
  • Ratan Tata's grave facial expression in his recent public appearances--be it during his visit to the devastated facade of the Taj or at the height of the Nano conflagration in Singur--reflected the challenges he faces.

    The global meltdown has hit group businesses. The Tatas are finding it tough to access credit and equity, thanks to the tight liquidity conditions, a depressed stock market and erosion of investor confidence.

    But, experts say Ratan Tata is used to adversity. His ascendancy to the chairmanship of the group was marked by bitter battles between him and some well-entrenched senior CEOs in the group eager on protecting their own turf.

    Overcoming the initial resistance, he then transformed the group into one meaningful conglomerate. This exercise acquired urgency following colossal losses incurred by Tata Motors in 2000-01. No sooner was this sorted out, Ratan Tata was hit with another crisis, this time from Tata Finance.


M_U_K_U_N{U_V} said…
yes sir ye baat to hai
waise crisis ke karan ye year pure world ke lie hi gadbad wala tha but still "there is always light at the end the Tunnel" wali baat yaha aa sakti hai na????

Popular posts from this blog

All they want is a pleasant experience for us

My experiences with this gloomy world continue. I may sound repetitive and annoying, but there's a reality check for all of us who think that the world is fine as long as the Covid-19 doesn't hit us and our paychecks continue to flow into the banks.  The store in the picture is amongst the busiest in the area, always remains full and explodes with the people on the Saturdays. A typical brand in a store, let's say a Van Heusen makes about ₹200,000 to ₹220,000 of sales on the weekend. As of today, the store does about ₹10,000 to ₹15,000 of revenues of the same brand, and the footfalls are not even 5 per cent of what they otherwise used to witness. Ironically, a store of this size would have 8-10 salesman with an average basic salary of ₹10,000 to ₹12,000 a month and the balance they earn (~₹5,000-₹7,500) is all linked to the sales of the brand. For them, purchases from the store cover-up for the livelihood, savings and the investments and there are no concept of "work fr

The new age crisis

I don't know who I should credit or discredit, but last couple of years have been incredible for India and it's people and it is not in a good way. Disappointed to note that the politics has completely taken over us and the ideological differences have reached our houses and personal devices. We are not only fighting amongst us on difference of opinion, but also ensuring that the dissent against a majoritarian view is killed to its core, to the extent that the voice is never raised against any impending thoughts or disagreements we may have.  I am deeply saddened by the fact that most of us now are actually made to believe that the opinion shared by a larger section of society is deemed right since it has the weight of a the population around, and in case you have reservations to even contest that, you are probably branded as a threat.  I may have had little problems with CAA or NRC if it wasn't done for the political incentives and the treatment of the people not sharing t