RARE Enterprises had a really shut reference to the Tata Group. They at all times believed within the ethos, the ideas and the insurance policies. If it’s important to share anecdotes or maybe tales about Ratan Tata, what’s that very first thing that involves your thoughts? Utpal Sheth: Let me first say that Rakesh ji held the Tata Group within the highest doable esteem. He felt so strongly in regards to the Tata Group. And he actually believed that this group would by no means do something flawed, both at a company stage or for the minority shareholders or for the nation. He actually believed that this group has the ethos and the tradition of protecting the precise individuals, making certain that you simply do enterprise the precise approach and can create worth, which is why he invested so strongly into this Tata Group.
When it comes to anecdotes, we have now been traders in a number of Tata Group corporations. And it’s wonderful to see that the worth system, the principle-based resolution making that Mr Ratan Tata at all times embodied was seen throughout all of his group corporations. As a shareholder, Rakesh ji and Uncommon have been privileged to be companions on this journey in no matter small approach we may and we’ll at all times be grateful to the group. However extra particularly, I consider that Mr Ratan Tata will perpetually be missed as a gentleman chief who has been in contrast to some other enterprise chief that India has ever had.
So, it’s important to share with us one thing which you will have by no means shared earlier than or one thing which late Rakesh Jhunjhunwala instructed you about Ratan Tata, the Tata Group, which solely each of you recognize. Utpal Sheth: In certainly one of our interactions, not with Mr Ratan Tata, however with the group, it got here throughout that the Tata Group seems to be for people who find themselves humble, humane, and hungry and that simply left such an exceptional impression on each Rakesh ji and me of how in a single sentence they may seize the spirit that the group was on the lookout for within the individuals who have been key members of the group and it’s not only a idea. We’ve seen the leaders within the group demonstrating these qualities over a protracted time period.