Business Standard March 28, 2001
If
everything had gone on course, Ratan Naval Tata
would have had a hat-trick yesterday. In a span
of barely seven hours, the 63-year-old chairman
of the Rs 30,000 crore Tata group was the recipient
of two achievement awards yesterday.
Another
Bombay Chambers of Commerce ceremony was called
off. At 10.30 am sharp, the Tata-owned National
Centre for Performing Arts (NCPA) in Mumbai, reverberated
with applause.
The
Unit Trust of India sponsored National Award for
Excellence in Corporate Governance 2000, a citation
and a trophy, was handed over to a dark grey suited
Tata by Bimal Jalan, governor, Reserve Bank of
India.
He
was only standing in for finance minister Yashwant
Sinha. It was an eclectic gathering. The entire
Mumbai-based Tata top brass were there.
From
R K Krishnakumar to J J Irani to the freshly appointed
managing director of Tata Tea, Homi Kusrokhan.
The
VIP seats were also reserved for Deepak Parekh,
chairman, HDFC, Shekhar Bajaj, managing director,
Bajaj Electricals and Hemendra Kothari, managing
director, DSP Merrill Lynch.
But
the crowd took the cake. Turned out in their Sunday
best, the audience was littered with employees
from the UTI, Stock Holding Corporation of India
and IL&FS.
That
their chairman P S Subramanyam, and the award
sponsor, was strategically positioned on the dias
made a difference.
As
the eulogies dripped, first from Tarjani Vakil,
erstwhile head of Exim Bank, and then Jalan, not
to mention a flamboyant compere, Tata squirmed
with embarrassment. The award was for the spectacular
turnaround of Tata Steel.
And
when Tata took over the microphone, he made it
a point to highlight that the award was an outcome
of team effort.
"It
is an appreciation to every member of the Tata
team," he said. Fast forward to 5 pm. A new
venue, the slightly crowded hall of the Indian
Merchants Chamber (IMC).
The
Outstanding Businessman of the year award was
given away by C Rangarajan, the Andhra Pradesh
governor.
There
were no signs of the morning's cheerleaders. It
was more like a family ceremony -- the Tata management,
a few corporate well-wishers and some old Parsis.
The grey suited Tata had no time to change. But
the speech here was different.
"I
am a bit overwhelmed by the introductions,"
began Tata. Then both he and Rangarajan on the
globalisation of India.
"While
there are many joint ventures with foreign companies,
there are hardly any between Indian companies.
We don't seem to trust each other enough,"
he added.
When
it all ended, Tata must have been relieved to
have missed the third award. So how did it feel
bagging two awards on the same day?
"Tired,"
laughed Tata. "That may be, but at least
for today, he is the man of the match," quipped
a corporate chieftain.