Jab they fought. RatanTata and Cyrus Mistry. Fallout in the House of Tatas.
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- Опубликовано: 13 фев 2020
- NCLAT's decision to reinstate Cyrus Mistry into the Tata Grouop, has suddenly turned this corporate fallout into an ego battle between Ratan Tata and his hand-picked successor, Cyrus Mistry. Why they fought, what the order says and what next. Stay till the end limerick.
Twitter: @bisboworld
Sources
Economic Times
Tata Sons move SC against NCLAT order; Feb 3, 2020
See you later, mediator; Deepali Gupta; Feb 2, 2020
Apex court stays NCLAT order reinstating Mistry at tata Sons; Samanwaya Rautray; Jan 11, 2020
Cyrus Mistry’s Irish citizenship was a sore point for the Tatas; Satish John & Kala Vijayraghavan; Jan 10, 2020
Tata trusts were forced to surrender registrations in ‘15; Raghav Ohri & Manu Pubby; Jan 6, 2020
Tatas determined to settle Mistry reinstatement issue in the court; Kala Vijayaraghavan, Anandi Chandrashekhar & Maulik Vyas
The Mistry plot thickens; Harsh Goenka; Dec 20, 2019
Tata Group sets sights on five growth engines; Kala Vijayaraghavan & Satish John; August 21, 2019
Behind the scenes: Ci-Onara die was cast months ago; Baiju Kalesh, Kala Vijayraghavan & Arijit Barman Oct 25, 2016.
Mint
Mistry order inconsistent, untenable: Tata plea in SC; Jayshree Upadhyay; Jan 3, 2020
NCLAT’s far reaching order may impact other firms too; Anirudh Laskar; Dec 20, 2019
The logic of law and the inexplicability of the Tata order; Jagvir Singh; Dec 20, 2019
Mistry’s ouster held illegal in big NCLAT blow to Tata Sons; Dec 19, 2020
Tatas have multiple grounds to challenge order, may move SC; Anirudh Laskar, Prathma Sharma & Biman Mukherji; Dec 19, 2019
In battle for honour, Mistry shows the way for minority shareholders; Shriram Subramanian; Dec 19, 2019
Times of India
Settle feud, SC tells tata, Wadia; Dhananjay Mahapatra; Jan 7, 2020
Not interested in returning as Tat chief, says Mistry; Reeba Zachariah; Jan 6, 2020
Charitable trusts must not exert corporate control; Swaminathan S Anklesaria Aiyar; Jan 5, 2020
After Mistry’s exit, growing under Chandra: Tata Sons; Dhananjay Mahapatra; Jan 3, 2020
Cyrus Mistry’s removal as Tata Sons chairman is illegal, reinstate him: NCLAT; Reeba Zachariah & Swati Deshpande; Dec 19, 2019
Court rules out century-old Tata rule; Swati Deshpande; Dec 19, 2019
Mumbai Mirror
Cyrus Mistry back as Tata Sons Chairman; Makarand Gadgil; Dec 19, 2019
Mistry wins round 2 in landmark battle vs Tata; Deepali Gupta; Dec 19, 2019
www.tata.com/investors
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Since we live in Jamshedpur and generations of my family have worked for Tata our perspectives are different. Every year a very good percentage of profits is distributed amongst the employees as bonus and also employees get fuel allowances and various other benifits which no other company provides. Tatas have a lot of ethical values. Ratan Tata believes that no business is a failure and if a 2nd chance is given every business can be a successful business. He has proved it time and again be it Tata Motors or even Jaguar/Land rover for that matter. But Cyrus Mistry did what Tatas have not done in generations, he simply worked by the profit and loss rule the companies that suffered loss he juat sold them off and this is where he didn't fall in line with the values that Tatas stand for. This was not acceptable by Ratan Tata himself as well as by the board.
Yes you are Right. Ratan Tataji has more ethical values and a True gentleman but Cyrus is one bastard. He removed more than 30k employees in 2015 from TCS without any notification.
I think the Tata became successful because of those ethics in business and predecessors make sure that these values be continued....
That's why I love Tata..💙💙
i am also from jamshedpur
Thanks for the unbelievable info.
thats why Ratan Tata is one of the most respected men of the country.....people see corporates as villains but not Ratan Tata....
Agree🤑🤑🤑
?
True
Yes. I have seen many people abusing Ambani & Adani but the same people praise Ratan TATA.
But tata also make Cartelisation just like telecom Companies and being reason of price hike .That's why these companies Earned profit even in covid period.
Mistry planned a Reliance while Tata wanted to stay TATA
Bro !!!! It is Tata !!! Well I think u don't know about tata fully !!! Go nd check empire of Tata !!! It was bigger than reliance nd it is and it will be !! Sharp ur knowlegde bro
@@ramkrishnabatabyal409 u dint understand the sarcasm😂
@@ramkrishnabatabyal409 What he is saying is that Cyrus wanted Tata to be a money minting machine like RIL and Ratan Tata focused on serving the country and it's people
Yes
@@ramkrishnabatabyal409 By market capitalisation Relience is largest in india
People will always believe Tata’s
Not those egoistic judges!!!
Will always be behind Mr.Ratan Tata....
Ratan Tata is a legend who is an Industrialist... Cyrus Mistry is a pure business man who only values money... not sentiments and values... All business is not about money...
Lol, are u stupid? EVERY BUSINESS IS ABOUT MONEY.
@@trusttheprocess4775 business is more about steady profit and holding on to the money. And a multi billion dollar company can hold onto their money only if they employ tons of people and have massive influence on econony,politics and culture. Otherwise the business can be easily replaced. So Ratan Tata's vision is more feasible on the long run. If you cut down on half of your assets and employees just because they're not profitable enough, then not only your business becomes vulnerable but other businesses can take over those assets and employees and stand as a strong competition to you which is dangerous for business
And these things are specially true in places like India where land and other fixed assets are limited
@@MashZ did I ever say business is not about steady profit or holding on to.money? I clearly said business is about making money. The sole purpose is to make money and profits no matter how long it takes. Pls read my comment before blabbering mindlessly.
@@trusttheprocess4775 try to see beyond that... Of course money is everything, but from a leader(lack of better words) standpoint he values or loves the service or product he's providing... I mean it's sometimes more about developing the economy than running a business nd expecting raw profits...
Tata work on values and ethics. Cyrus is money minded. Matter closed.
You are wrong buddy!
TCS takes 60% profit margin on every consultant they place in U.S.
80% on the Indian consultants.
What a Shame!
@@SriRam-yq4id so??
@@SriRam-yq4id I am an ex employee of TCS and I know the billings for the consultants so it can't be 60% of profit. Also is this profit margin calculated using the financial account report of TCS.
Truly speaking I left TCS when they started firing people for cost cutting without reasons under Cyrus's leadership.
@@shoumikchakraborty2529 so Cyrus is the one who started the problem ?
Hasina Ashraf we don’t know whose idea it was but it was under his leadership. Whenever there is a failure in organization the leadership comes under questioning. Also those firing were unnecessary at the point of time.
Its unfortunate that the likes of nonsensical videos get millions of views, whereas these informative ones get only 1000s. Hope you success and growth man. Good stuff👍
Appreciate
So true.
Can u please make mor videos like these :)
For example, ladki pagal hai.
If you think Ratan Tata couldn't let go because he couldn't see his legacy being dismantled, then you really don't understand the Tata ethos.
Which are?
@@furiousfragment7082 there is a city named Jamshedpur, where people work for generations in TATA Steel.... it gives employment to multiple people. The entire city is built around the Steel Factories set up by TATA group... they BUILT a city which now provides home to 17 lakh people.
Ask anyone from Jamshedpur what are the TATA ethos
@@arnavgautam319 ji bibi ji
Finally seeing an Indian doing videos like these. But please keep the content crisp and to the point man, that's how you hit the scale.
Thanks Sri. Do check out our channel, we have a bunch of videos
No wonder why some one is making these kind of video on Tata, when he is actually helping Indian fight against covid......still appriciate what Tata did for India..
There will always be differences between an industrialist (RATAN TATA) and a businessman ( Mistry)
If you dont have money: You have only one problem.
If you have money: You have lot of other problems like this.
Lol.
@@BisboWorld is liye maine kamana chod diya
thanks for this video recommendations
@yeeeeeeeeeth ghar wale tere unki kamai teri.. Ghar walo ki kamai ka kya mtlb
True
Tata he is legendary ,his charity work is uncountable
Long live Ratan Tata...
Cyrus forgot the ethics of Tata group because of which it's respected so much in the world
But what about fiduciary responsibilities toward share holders?
Yes,but to make profit for shareholders u can't just dishonor ur promise eg: docomo
Exactly that's the difference between Tata and others ...for Tata a promise is a promise, even if you have to bear loss. If it's started doin that...then it's just any other company like reliance..etc
Tata is a real life Karna
@@utuberme1 if ratan Tata think about shareholders then what is the situation of job holders in those companies which Cyrus wants to sold If he sold that companies then it will become their own right to remove employees then there will be huge moral loss to Tatas becoz all over the world Tata is the only company which runs on moral values not on profit nd loss
In other hand tatas never ever consider any business as a failure they always think that in future it will give profits...that's their moral values but what Cyrus did degrading the moral values of Tata.....
When we hear a name Tata we should remember their moral values not their profit nd loss accounts that's y ratan Tata ji taken action against him
Rata Tata has expected Mistry to be innovative in reviving sick industry with alternatives instead of closing the business. However any closing of business should be discussed at the board level so that members will be aware of the efforts went into revival and confirm the decision.
Mr Ratan Tata is a gem , he is very ethical and a real Ratan of India 🙏 God Bless Mr Ratan Tata🙏
Bisbo the forensic analysis you are doing is towards Cyrus Mistry who was more motivated towards profit unlike Ratan Tata who was more towards building nation.
Now that's a content, crystal clear explanation and amazing graphics, I am also looking for dispute of TATA SONS and cyrus mistry. Hats off to you brother keep it up 💙💙 👌👌
Thanks Pankaj
That man have some core values and principles in which he has run the company, he had a deal with docomo that if they join hand and the results are not favourable they will not have to bare any losses in india. His is man of his word and wanted to live up to that commitment, but cyrus was not ready for that.
You got yourself a new subscriber.Great Content man!
Thanks Tanveer.
Tata is is a man of ethics. And he is not money minded like many other corporate leaders. It's tough to be like him.
Best example for Corporate Mafia. One entire family spends their life time to built a brand and one day someone joins as an employee and loots the ownership.. this is real case of coporate mafia
And it takes great courage and effort to get the mafia out of the company and bring it back to where it was again
He was 18.5% stake holder not out sider
Tata’s are known for their trust values and commitment and cyrus was a misfit
I had no idea the company I work for was so bad ass. I’m up in north eastern Canada working in a iron ore mine which is TATA owned. Awesome how this got into my recommended videos. Liked and shared.
Over these years of analyzing humans and corporate world, I realized that we tend to forget that at the end we are nothing but one individual. Whether it is the case of Cyrus or Carlos, they hurt the public sentiment for company profit; remind you that these companies are not little vending machines-they have defined an era, a nation (i.e. Tata, Nissan, etc.). Sometimes as men we need to be reminded that humans need money; money doesn’t need humans. If you end up harming too many humans, both groups will end up not needing you. Be ambitious but also be human.
Ratan Tata is businessman with emotion and golden heart. I wander what will happen to Tata after his death. Will it continue legacy of Tata or follow the path of Reliance.
Loved the concept, animation is flawless with engaging commentary ... yup we need RUclipsrs like you
Finally now I know what's the matter thank you for simplifying it
Welcome Shivam
hats off to the animations made. Mind blowing content keep it up!
Just Simply Brilliant!!! 🙏
Thanks
Ratan Tata is man of word ,dignity & humanity no any other business tycoon can compare themselves with him.
Supreme Court's judgement is out and it is in favour of tata sons and stated NCLAT judgment unfair. It directly means Cyrus Mistry can never be chairman again untill ratan tata or the boards decides the same.
I just found you. You make really entertaining and informative videos. And great animation style! Good job!
Really informative covering all aspects... This channel never fails to educate or impress ❤️❤️❤️
Thanks
69 cr investment turns to 50000 cr. Holy cow. TATA should never have let the Pallonji's invest
Without investment how would they get the capital in order to grow? Very foolish comment
@@JJay-sb8cu yes wat a foolish comment😂
Keep up the good work by providing informative videos in the crisp form.
Why you created this video i really surprised
I support Mr tata
go easy on the music man, you had almost every genre in there.
Lol 😂
😂😂😂😂😂hahaha
You just got a new subscriber with a single video...you are doing really great mann!!
Thanks Jay
Your presentations making known stories also simply awesome keep posting .....
I never knew what the fight was about. Now I do, thanks to Bisbo! Great video!👍
Wow
RIP Cyrus sir ....❤️
Chrus Mistry’s sister is married to Neol Tata, (brother of Ratan Tata)
Bisbo, I have officially subscribed to you. I like your content. Thank you.
Liked the idea of explaining through animations🙏! New subscriber!
Thanks Craig
Watched your video for first time but liked it very much that I had to subscribe your channel. Keep it up bro
Keep up the good work Mr. Bisbo
Such quality content and a lucid way to present..wish you success Bisbo
Bro, your animations are amazing. Which software do you use to make these amazing animations?
Your video will help me a lot in my assignment. Thank you bro. May God keep blessing you with loads of knowledge and wealth.
Welcome Surjesh
The animation is just WOW!! Thank you!
Real good content by Bisbo. Thank you for sharing this which makes it easier for everyone to understand the underlying facts. The poetry at the end is the icing on the cake:) Sad but meaningless content get millions of views coz most won't get interested in these videos neither would bother to watch them. Keep up the good work :)
I really like how you are not biased towards any of the party. A neutral journalism is the best journalism 👍🏼 please keep it up
Thank you
Love you man,,,, you deserve more Subscriber
Thank you so much 😀
bisbo ur channel deserve much moreeeee i know how much it takes to make a video
So simply explained. I hope you reach 1M
The limerick's are brilliant!
Thanks SMS
Ratan tata is gem of a person..
Ratan tata is like a lotus in a muddy pool of money minded buisnessmens and a rare diamond to be found
Ratan Tata has my respect for whatever he does for our country, he doesn't shuts down a company because he doesn't want more unemployment. He's the only one to provide free hospital services to anyone in need.
Awsome video.. keep going on bisbo
Thanks Prashanth
I think that Ratan Tata is partly to blame here, because he himself had sold Lakme, a cosmetics company started by JRD which was struggling by the time Ratan Tata took control of Tata Sons.
Wow nice video and it cleared my doubts regarding why mistry got out
Excellent limerick. Kudos! 👏🏼👏🏼👏🏼
4:10 As per the provisions of companies act 2013, a person can be appointed as Managing Director is maximum 2 companies and for appointment in second company his appointment must be approved by unanimous resolution of board.
great video, also good research by the way .
Thanks Shivam
Just subscribed very informative.
Your videos are truly amazing and humourous... hope mistry sees this!
Rip
Which softwre do u use to create such vids
thanks for bringing the voice back
We will have the old voice but also have new voices as we have expanded our team
@@BisboWorld please continue to make videos in the same voice as much as possible, its bisbos trademark.
you tell story very nicely. thanks
Bro can u make a video on how you make this videos
With which app you made it
Didn't search for it but loved it!
Which soft ware used to make videos reffer me
Good job brother nice work 👌
You have to understand I care a lot about India and I will fully respect India
Correct me if I'm wrong, but isn't tara power's next leg of growth is promised upon the Tata Power Solar compnay, which Cyrus Mistry acquired, the "last straw" for ratan tata?
No doubt Sir Rattan Tata is the best person....
He is a Honest,,,, and Man with golden Heart... .
Man you are soo underated.
i'm early again!
sir
a few days back I saw a video made on Mr. Azim Premji's philanthropic activities.
is there any chance of helping children like Ayna Mansuri and several other children like her suffering from rare disease SMA from the philanthropic organisations owned by Mr. Azim Premji and others. thank you.
Bisbo rocks in their presentation style
plz give brief description also
As you said in last put ego aside cyrus mistry put in ego and put a lawsuit against that company who is never been in court before.. thats why board member as mr ratan tata kick him out from the company and cyrus try to convert tata sons to sp sons
It's 2 yrs passed and Cyrus is dead in a car accident very unfortunate life is it
Brother do this video's in South Laungages like Telugu, Kannada, Tamil and Malayalam. We can understand well
Already done in all languages except Tamil (don't have right person)
@@BisboWorld send telugu and Kannada languages video's links
Now he is no more.So sad that we missed such a business magnet
What Mistry probably didn't take into consideration is the brand value and huge manpower and blessings through jobs and reputation those businesses have been successfully bringing to Tata group.
Mistry sounds more like a an accountant who gets childlike happy when he see positive balance sheet numbers.
How do they do this kind of videos
You are India's Infographics Show...Keep it up man! Also i am tired of the 1000s of What's App messages praising Mr. Ratan Tata without nuance... But even if technically Mr. Tata may have gone back on his word and stomped all over minority investors. Still it may also have been for the greater good of employees who have been unceremoniously let go of Mr. Cyrus had his way. To be clear i view every philanthropic move by rich people with suspicion....But great video...
Thanks Bharat. Great praise.
@@BisboWorld do you have Patreon ? Are you like an independent content creator.
We are praising Tatas becoz they never ever want profit they always try to give a life to so many people if Cyrus have free hand then what would be the future if employees even though those companies are in loss but ratan Tata never think about loss he always think about employees future...that's the reason ratan Tata got that much respect in India
Ratan Tata and the Tata grps are always respectable only becoz of their moral values not by their profits nd loss...
When we hear a word tata we just remember the moral values of Tata grp not their profits...that's y Tata become a brand for moral nd ethenic values
Can u have a case study on the delhi riots please
Thanks for authentic information
Tata is a brand oppose of Reliance. They are industrialists not businessmen. Long live Ratan Tata
Can you make a video about vitalik buterin
Remarkable video 😍
Thanks Sahil
Both are good, only they cannot work together.
Agreed. But in society people like to create unnecessary rivalries
Good work dude
Thanks Lakshmi
Rip cyrus mistry😓
I worked with Shapoorji Pallonji co ltd (SPCL) as well as Tata Communications Ltd (TCL).
To be honestly speaking, I was not happy with both the management.
I know about Cyrus mistry and his egoistic nature. None of the employees were paid salary as per industry std. There were so many good civil engineers left from that company. I too left this company due to lack of any prospects, as well as poor payscale. No training , No good appraisals and No appreciation of good works. It was a family run business. I earned more frustration than my salary.
When I joined TCL, I was thinking that it was a wise decision and would lead a very peaceful , good professional life. But on contrary, it was fully run by Former VSNL goons and gunda's in that company. They harrassed continuously people who are appointed by TCL , especially from outside of tata group. It was worst salary payscale and salary increments. Totally different worst experience with that company.
The only good thing in my life which I thankful to my god , by placing me in TCL for 4.5 years of work, it was "training on different levels, to improve our knowledge, and show them in our works" which I did very well.
When the news came out that cyrus was appointed as chairman in tata group, I laughed a lot. He is just capable of running a small civil construction company. That's it. He has no capability to understand all other business models , issues and nature of other products.