Conversation with Rajiv Agarwal
What is the most crucial lesson one can learn from the Tatas?
Although there are many, if I were to choose one, it would probably be the fact that they represent a unique blend of capitalism with a social objective. Tata Trusts, a bunch of charitable organizations own 66 per cent in Tata Sons and all the dividends are used for philanthropic purposes since the beginning. Besides, the Tata group has been at the forefront of development in India. They had been pioneers in many industries because they believed that they had to enter these sectors to make India self-reliant. Whether steel, power generation, or even airlines, the contribution of the Tatas is invaluable to India’s development.
In your view, what makes the Tata Group a global Indian brand that stands out?
The Tatas today operate in over 100 countries. Historically, the Tatas have been a group which has operated with the principles of ethics and fairness.