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This Article is From Dec 30, 2016

Ratan Tata Hits Out At Cyrus Mistry In His New Year Letter To Employees

Ratan Tata Hits Out At Cyrus Mistry In His New Year Letter To Employees
File photo of Ratan Tata, interim chairman of the Tata Group. (Photographer: Pankaj Nangia/Bloomberg News)  

Interim chairman of Tata Sons Ltd., Ratan Tata, has called the events of the last three months a “well-orchestrated endeavour” to destroy his and the Tata group's reputations through “unsubstantiated allegations”.

He has thanked all Tata group employees for the “groundswell of support” during this “difficult period”, in a letter on Friday.

The ethics and values of the group and its leadership, which have been built over the last one and a half centuries, have been challenged by people who are known NOT to practice what they often preach.
Ratan Tata's Letter To Employees

He urged the employees to put these events behind them and re-establish Tata companies as market leaders, as the group heads into its 150th year of operations.

Here is the full text of the letter.

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