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Industrialist Ratan Tata’s recent receipt of the prestigious ‘Udyog Ratna’ Award by the Maharashtra government has revived an old video in which he recounted an audacious encounter with a gangster during his initial days as the chairman of the Tata Group. The video, shared by the Columbia Business School on their YouTube channel almost a decade ago, showcases Tata’s resolute decision not to yield to the intimidation tactics employed by the alleged gangster.
At the time, just 15 days into his role as chairman, a significant union upheaval had erupted in Tata Motors (formerly known as Telco). A gangster had set his sights on gaining control over the union and its wealth through disruptive and intimidating tactics. Tata, now 85, remembered the pivotal incident and reflected, “We made a mistake by taking the union for granted…”
Rather than capitulating to the gangster’s pressure, Tata decided to directly confront the situation. Despite the advice of some to appease the gangster, Tata believed that yielding would only empower him further. He noted, “…the police were in his pocket…he demoralized the management with his intimidation tactics.”
Undeterred, Tata continued to stand his ground, leading the gangster to call for a strike, effectively halting the operations of the plant. The workers were reluctant to return due to fears for their families’ safety. In a daring move, Tata personally stayed at the plant for three days alongside the workers to allay their fears. This gesture encouraged the workers to come back and resume their duties.
As Tata recounted, the gangster’s determination eventually waned as he realized the plant’s operations were not compromised. The situation escalated further as the police intervened and arrested the gangster. However, upon his release, the gangster allegedly placed a contract on Tata’s life. Despite pressure to reconcile, Tata stood by his decision, commenting, “Looking back on it, I would have never done it any other way.”
The ‘Udyog Ratna’ Award, conferred upon Ratan Tata by the Maharashtra government, serves as a testament to his immense contributions to India’s economy and society, along with the Tata Group’s transformative impact. This video resurfacing showcases Tata’s unyielding determination and the unwavering commitment to his principles that have characterized his leadership.
As an iconic figure in India’s business landscape, Ratan Tata’s story of taking on adversity head-on continues to inspire and resonate with those who value principled leadership and unshakeable courage.
Sources By Agencies
