We changed after 1991: Ratan Tata

The Tata group was USD 5 billion in size when Ratan Tata took over the reins in 1992 as chairman of Tata Sons,but it is going to be a USD 100 billion conglomerate this year with strong global footprint and wide interests ranging from salt to software.

Tata,along with his successor-designate Cyrus Mistry,was here to participate in the 173rd birth anniversary celebrations of Tata Steel8217;s founder Jamsetji Tata.

Answering questions on iconic car company Jaguar and Land Rover JLR which Tatas acquired from Ford for USD 2.3 billion in 2008,he said,8221;The future of JLR is very good and China being the second largest market. We are hopeful of very good future 8230; unless the petrol prices goes high8221;.

Tata further said,8221;The USA continues to be the good market for Jaguar while presence in Asia is growing momentum particularly to the meteoric rise in demand from car buyers in China.

8220;We Tata group have spent millions to earn a brand name over the years and finally succeeded,8221; he said,stressing that the Group bought the company with a brand name world over.