The Vision 2025, launched by former Tata group chairman Cyrus Mistry to become one of the top 25 corporate giants globally in terms of market value by 2025, has been scrapped, a top source in the Tata group said.
“The plan was too much in the long term and who knows the world will be flat by then,” said the source. The source said with changing technology and volatile swings in the global markets, such a long-term plan does not make sense. The immediate priority is to take the group companies to the leadership positions in their respective sectors.
The Tata group’s Vision 2025 was first announced by Mistry at the annual CEO meet in 2014. As per the plan, 25 per cent of the world’s population would experience Tata products so that the conglomerate could be among the 25 most admired corporate and employer brands globally. The plan was prepared by Nirmalya Kumar, who was part of Mistry’s group executive council that was disbanded on Monday.