Everything Harish Bhat said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Tata's Tetley Deal Was First Major Global Brand Acquisition by Indian Firm
“Until then, no Indian company had acquired a global brand of any significance. This had not been done before.”
Bhat: Tata bought and relocated a disused Nissan Australia plant
“They found a disused Nissan plant in Australia, which was being run for only 15 minutes a day to keep it going. They were able to negotiate and buy that plant at one-fifth to one-sixth the cost of a new plant. Brick by brick, they disassembled that plant in Au…”
Jamsetji Tata Building Taj Hotel Over Racial Discrimination Is a Myth
“That is an apocryphal story, but I have researched that and that's not a true story.”
J.R.D. Tata Persuaded Ratan Tata to Reject IBM For Tata Group
“And when he came to India, he had a job offer from IBM at that time. But then J.R.D. Tata, who was the chairman of the Tata Group at that time, persuaded Ratan Tata to join the Tata Group.”
Ratan Tata Mandated Business Excellence Assessments Across All Tata Group Companies
“So he established what was called the GRDQV program, which later became the Tata Business Excellence Model, which required companies of the Tata Group to go through what is called a Tata Business Excellence Model Assessment. Where each company of the group is …”
Ratan Tata Made Tata Companies Earn Brand Usage Through Conduct Codes
“He put in place what is now called the BBP, the Brand Equity and Business Promotion Program. And companies had to sign on to be able to use the Tata brand. And if they wish to use the Tata brand, they had to commit to the Tata business excellence model, and th…”
Tata Tea's Initial Mid-1990s Bid for Tetley Failed Over Funding Constraints
“Tata T did try once in the mid-nineteen nineties to acquire Tetley. Unfortunately at that time it did not succeed, and I have narrated that story in one of my earlier books, Tata Log. Because they could not put the funding together.”
Tata Group Revenues Grew From $6B to $100B Under Ratan Tata
“During the 20 years that he was the chairman of the Tata group, the revenues of the group grew from six billion US dollars to hundred billion US dollars.”
Tata's Taj Welfare Fund Supported All 26/11 Victims, Not Just Employees
“When he created the Taj Public Service Welfare Fund after the 26 11 terror attacks at the Taj, Ah, and ensured that this fund took care not just of the families of the Taj employees who had lost their lives, but of every family in Bombay who had lost someone i…”
Ratan Tata Skipped Royal London Award Because His Dog Was Sick
“When he decided not to go to London to receive an award from Prince Charles at that time, because one of his dogs was unwell, that was a mark of care and compassion.”
Bhat: 97% of Parts for Tata Indica Were Sourced Indigenously at Launch
“There are about 3000 discrete parts which go into a car. And when the Tata Indica was launched, 97% of these parts were created indigenously.”
Bhat: Tata Punch Is the Highest Selling Car Model in India in 2024
“In fact, this year, the Tata Punch in 2024 is the highest selling car of any model within the country”
Tata Trusts are building 20 cancer hospitals across seven Indian states
“Even as we speak, 20 cancer hospitals across seven states are coming up under the auspices of the Tata Trust, who work hand in hand with state governments to create these hospitals.”
Bhat: Dubious investments caused a 500 crore hole at Tata Finance
“Investments of a dubious nature, and when those had collapsed, it had left behind a 500 crore hole in the balance sheet of the company.”
Bhat: Tata Sons injected over 600 crores into Tata Finance
“Therefore, within the next few days, Tata Sons injected more than 600 crores into that company, into Tata Finance, through cash and through corporate guarantees.”
Bhat: Tata Finance kept a helicopter on standby to disburse cash
“The company actually kept a helicopter on standby. To fly the funds to smaller towns if required. If at all, people came asking for their money.”
Bhat: Ratan Tata stood outside Taj Hotel for three days during 26/11
“Of course, the police would not permit him entry into the Taj, but he stood outside on the pavement for around three days.”
Bhat: Taj Public Welfare Trust was established within 15 days of 26/11
“Made sure that the Taj public welfare trust was established within 15 days.”
Bhat: Ratan Tata personally met families of every 26/11 Taj victim
“He made sure that he personally met the families of every person who had lost his or her life in the Taj.”
Bhat: Tata Group's acquisitions of JLR, Corus, Tetley were unprecedented in India
“He himself led the globalization of the group, the acquisition of global brands such as Jaguar Land Rover, Chorus. Tetley. Those were global acquisitions which, ah, you know, Where pioneering acquisitions had never happened before that in the history of India.”
Tata Trusts own more than 66% of Tata Sons equity
“And until now, more than 66% of the equity of Tata Sons, the holding company of the Tata group, is owned by the Tata Trusts.”
Bhat: Jamsetji Tata used ring spindle technology before Britain
“He did that by using innovations like the ring spindle technology that was not even used in Britain at that time, ah, to enhance the productivity of his unit.”
Bhat: Tata Charitable Trusts own 66% of Tata Sons
“So until now, we are 66%, the Tata Group is 66% owned by the Tata Charitable Trust, which means when Tata Sons issues a dividend out of the profits that it makes, 66% goes back to the Tata Trust”
Harish Bhat: Average Fortune 500 company lifespan is 40 years and declining
“The average age of a Fortune 500 company today is 40 years and it's declining, which means in 40 years time, an organization grows, plateaus, and then starts declining.”