Tata companies must focus on market position, says Ratan Tata

Ratan Tata, interim chairman, Tata Sons on Tuesday said that the group companies must focus on market position and enhance shareholder returns. 

His comments came in a day after Tata Sons decided to find a replacement for chairman Cyrus Mistry. The board has appointed a Selection Committee, whose Ratan Tata is also a part of, to find a new chairman within four months. 

"The companies must focus on their market position vis-à-vis competition, and not compare themselves to their own past. The drive must be on leadership rather than to follow,” he said, addressing Managing Directors and senior leaders of Tata companies. 

Tata asked the leadership of the companies to focus on their respective businesses, without being concerned about change in leadership. Referring to ongoing initiatives in the companies, he said, “We will evaluate and continue to undertake those that are required to. If there is any change, they will be discussed with you.” 

Tata said, “I look forward to working with you as we have worked together in the past. An institution must exceed the people who lead it. I am proud of all of you, and let us continue to build the group together.”