Tata group's growth strategy to be based on digital, energy, supply chain and health themes: N Chandrasekaran

Tata group's future growth strategy will be based on four themes: digital, new energy, supply chain resilience, and health. In a new year message to employees, N Chandrasekaran chairman Tata Sons said that with the 3S strategy, the group is becoming simpler and financially stronger than it has been in a long time.

"We have also made good progress addressing our carbon footprint and positioning our companies to benet from revolutionary new technologies. Our most important milestone this year culminated in our bid to win Air India. It is indeed a future historic moment" he said.

Tata Group companies did well, not only in terms of financial performance, but also in executing our transformation agenda he said. "Our companies are already adapting to these changes, and we are witnessing stronger performance. Our new pilots and businesses, from 5G to TataNeu and Tata Electronics, are poised to bene t from these our themes going forward. We have come a long way, but we must press on with our transformation. In the next year, the IMF

predicts the Indian economy will grow by 8.5%, well above the global average of 4.9%. As a business, we
can play our part in the evolution of India, with its ambitions to become a $3 trillion economy by 2024" he said.

The group must keep pushing itself to be simpler, more sustainable, and more technologically advanced products." If we do, we can push our company, and our country, forward" he said.

A year ago, we hoped we had seen the worst of the pandemic, but the second wave sadly proved much
more difficult than the rest.

The peak of the second wave was a very difficult period, but I am so proud of how our Group responded.
We rose to the challenge and showed the courage and sel essness in the Tata spirit. We supplied
hospitals with life-saving oxygen and expanded healthcare capacity so more could get the treatments
they needed. It was an incredible e ort, and I want to thank each one of you and your families for all you
put in.

"Your COVID contribution is all the more impressive because it coincided with an excellent year for our
businesses. But all ambitions are contingent on a more immediate concern: learning to live with coronavirus. Businesses and society must adapt to it by preparing as best we can for new outbreaks and variants. We
are seeing this now with the spread of Omicron" he said.

Stating that India’s brilliant vaccine program has built a vast wall of protection and infections, so far, seem to be mild, the chairman cautioned employees to not to let their guard down. and follow the latest health protocol including taking booster shots when they become available.

"I am optimistic about what we can do next in the years ahead. Recent success has given our group a
great platform to build on. I am excited by the heights I know we can reach, not just financially, but also
in terms of the difference we can make to communities. We can set new standards in technology,
sustainability, and skills development," he said.