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On his first day in office, as chairman of Tata Sons, N Chandrasekaran on Tuesday outlined three strategies for further growth of Tata Group.
“In my new role, I will focus on three strategic priorities,” Chandrasekaran said, adding, “Bringing the group closer together to leverage its enormous collective strength" will be the first strategic priority.
“Reinforce a leader’s mindset among the operating companies and drive world-class operating performances across the group,” Chandrasekaran outlined as his second priority for Tatas' success.
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Meanwhile, not leaving shareholders aside and focusing on capital allocation, he assured, "I will bring greater rigour to our capital allocation policies and deliver superior returns to our shareholders".
After a legal fight between ousted Tata Sons chairman Cyrus Mistry and Tata Group patriarch Ratan Tata, it was extremely important for the group to have a strong and united leadership.
“I welcome Chandra, who has successfully displayed his leadership in his career at Tata Consultancy Services (TCS),” Ratan N Tata, Chairman, Emeritus of Tata Sons, said.
“I am sure he (Chandrasekaran) will bring considerable value to his leadership role in the Tata Group in the years ahead,” he added.
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