Tata Sons Pvt. Ltd.'s Chairman Natarajan Chandrasekaran on Monday said uncertainties will persist in the new year but exuded confidence that the diversified conglomerate is better placed to take on challenges.
The salt-to-software $110-billion group is "stronger, more resilient and future ready" now and is moving "decisively" on financial fitness and operational efficiencies, Chandra said in a year-end letter to employees.
The comments from the Tata Sons chairman come at a time his appointment has been put to question by the National Company Law Appellate Tribunal. The tribunal, while delivering its verdict in the Tata-Mistry case, directed reinstating of Cyrus Mistry as the chairman of the group holding company.
In an email to employees, Chandrasekaran said there is a steady improvement at the group level performance but also pointed out that there is more work to be done in case of some companies, which are facing headwinds due to the economic conditions.
"Macro uncertainties will persist in 2020, but they will also be accompanied by new opportunities across different businesses and markets," Chandrasekaran said.
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