What would be the debt-equity ratio for the main holding firm?
What would be your message to Tata group shareholders? We are dealing with an unprecedented global crisis. To use a cliché, it started from Wall Street and now has come to Main Street. I would say that assess our companies on our intrinsic strength. That has not changed. You take TCS — it still has scale. It has 110,000 employees. It has a good delivery mechanism, product quality is good. Now look at Tata Steel — the India end continues to be the lowest producer of steel. I reckon that the problems in Europe, which are severe, will be overcome, and when the dust settles, it will be a good business again with a very strong Indian arm. The fact that Tata Motors has the capability to produce the Nano is worth a lot. Let alone the shareholder, it means a lot to India. It has huge engineering capability. I’ve no doubt that once there is recovery, Tata Motors will be back on its feet; it will be able to deal with the issues of JLR, if they fail to resolve (them) themselves.
