Heading may sound cheesy to you but that’s true that Ratan Tata is feeling lonely these days in between the clouds of Resolutions, Meetings, Ouster and Allegations. Of course, Cyrus Mistry is hard to ignore and the Mystery of Ratan Tata’s Group is in rut of difficulties. Katyayani Kapoor unveiles the heart sayings of Ratan Tata here with recent updates. Take a look!!
Tata group has been revolving around the same Cycle of allegations for quite a few months now. But problems and complications for Tata group seems not be dozing down even after Cyrus Mistry’s non-smooth exit, being dragged to court by Mistry is an indication that they might have got rid of Mistry but he cannot be ignored.
But if this problem was not enough, another one has emerged with ouster of Nusli Wadia as an independent director. 76% of total votes polled supported Tata sons resolution to oust the billionaire businessman. Soon after Nusli Wadia filed a defamation case against Tata Sons and 11 of its board members and executives. In his plea he stated how Tata Sons has defamed him and publicly backed Mistry on his ouster.
Tata fiasco seems to have travelled to a whole new level and seems to be a never-ending tale of problems and allegations. But the debacle has left the cultivator and back bone of brand “Tata” – Interim Director, Ratan Tata disappointed and shattered.
In a meeting with shareholders, an emotional Ratan Tata said that there has been a definite move to damage his personal reputation and “these days are very lonely” owing to “substantiated attacks” against him.
“There has been a definite move to damage my personal reputation and the reputation of this great group — the Tata group. And these days are very lonely because the newspapers are full of attacks, most of them unsubstantiated but nevertheless very painful, “Whatever the process may be and however painful it is, I think the truth will prevail and the systems in our country will govern,” said an emotional Tata while countering the attacks by his ex-colleagues.