Cyrus Mistry emphasises sustainable profitable growth and agility

He was addressing the group’s leadership and senior management at the Tata group’s Annual Group Leadership Conference (AGLC).

In his address,  Mistry outlined critical enablers for sustainable profitable growth, which would help the group achieve its Vision 2025, of a quarter of the world’s population  experiencing the Tata commitment to improving the quality of life of communities and customers.

“Sustainable profitable growth is the key building block for long term stakeholder value creation,”  Mistry said.

Mistry said that the Tata group would need to maintain its success in a changing world marked by global volatility and an inexorable shift towards a digital future. He also highlighted the opportunities all across the globe and those presented by a rapidly growing Indian market whose relative importance in the global economy would substantially increase by 2030. To steer through this rapid rate of change, he asked Tata companies to build strategic and organisational agility.

The Chairman struck a note of caution on the impact of global uncertainties on market movements through the year.

Sharing the group’s financial performance in 2014-15, Mistry disclosed that revenues had grown from $103.27 billion in the previous year to $108.78 billion.  International revenues constituted 68% of the group’s revenues.  The group invested about $10 billion worldwide during the year, and closed the financial year with a market capitalisation of $134 billion, up 17% over the previous year.

In his address, the Chairman paid his respects to  former President of India the Late Dr. A.P.J. Abdul Kalam, and described him as “a great visionary and patriot who always believed in India’s potential”.

Mistry mentioned that over 70,000 Tata group employees volunteered in the year past. He encouraged them to continue to make a “real and huge difference to the world”.