The task is not to overcome opponents in general but only those opponents against whom one has to summon all one's strength, one's skill and one's swordsmanship-in fact to master opponents who are one's equals.

The strong live and the weak die. There is some bloodshed, and out of it emerges a much leaner industry, which tends to survive.

At Tatas, we believe that if we are not among the top three in an industry, we should look seriously at what it would take to become one of the top three players.. or think about exiting the industry.

IT and the entire communications business clearly have the greatest potential for growth. But if you're talking about sheer size, the steel and auto industries will remain at the top.

Every birthday, you decide whether to mark it the end of your greatest days or the beginning of your finest hour.

Just because you are CEO, don't think you have landed. You must continually increase your learning, the way you think, and the way you approach the organization. I've never forgotten that.