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M Pallonji

“Nuggets about Naval” II

"Don’t end it, mend it,” was industrialist Naval Tata’s (pictured) (1904-1989) response to Jaivant Talaulicar, then executive officer of Tata Engineering and Locomotive Company (TELCO, now Tata Motors) when in the 1970s the latter wanted to "get out of Tata Services (TS), saying it (had) become a white elephant,” notes K. D. Skandan, who served the conglomerate from 1960 to 2000, mostly as Man Friday to Tata. Tata invited suggestions from Talaulicar to prune the expenses of TS when the latter complained of its mounting expenses that were shared by all companies TS provided services to. The industrialist countered with......



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