Embracing Transformation

As I conclude my inaugural year as the Managing Director of Tata Projects, I find myself reflecting upon the meaningful strides we have taken, as well as the immense learnings over the course of this year. During the year, we embarked on an ambitious transformation journey. We started by redefining the organisation’s mission, vision and values in our quest to create lasting value for all our stakeholders. I am proud to say that we have progressed significantly, sharpening our segmental focus and customer mix, realigning the organisation, and setting ourselves to ensure predictable project delivery. I am happy to share that this exercise has received groundswell of support across the organisation, and we are witnessing active participation from our employees across project sites and offices.

We take immense pride in our role in nation building. During the year, we were commissioned to build the Noida International Airport. With an initial capacity of 12 Million passengers, this airport is being built with a commitment of minimal environmental impact and is expected to be amongst the finest airports globally. The New Parliament Building project have been successfully completed and the Mumbai Trans Harbour Link is at an advanced stage of execution and expected to be completed shortly. I am confident that these prestigious projects and several others that we are executing shall define India in the future. As a part of our transformation, we are pivoting our business model to execute more complex projects with deep technology involvement. In an industry that is plagued with low predictability, we aspire to set benchmarks in predictable project delivery and technological leadership.

Technology shall play a crucial role in our journey ahead - we are making a bold attempt to re-imagine our business with digital and technology at the core. We will forge strategic partnerships with global technology firms to provide cutting edge solutions to our clients. From virtual reality simulations-based training, drone inspections of hard-to-reach sites to restructuring data architecture, your Company is at the forefront of incorporating Digital into its operations. We are incorporating innovative practices and streamlining current procedures to seamlessly integrate them into the digital realm. By investing in new age tools, automation, and digital platforms, we shall ensure seamless collaboration among our teams and partners, enabling us to monitor progress, identify risks and make data-driven decisions in real-time to attain maximum construction efficiency and productivity.

Our culture stands as our most distinctive attribute, and as a proud member of the Tata Group, our Company diligently upholds and cultivates a culture of strong ethics and professional integrity. Our Company has taken proactive measures to ensure strict adherence to the ethical standards that the Tata Group embodies. During the year, we strengthened our governance and conducted regular compliance audits to reinforce the culture of zero tolerance to any breaches.

Our people form the backbone of the Company and are at the core of our transformation journey. From on-site workers to our staff and leaders, each person plays a vital role in driving the success of our Company. We are confident that an engaged and inclusive workforce is integral to our future and help us reach the heights that we aspire for. We continue to emphasize on skill development, substantial growth prospects and overall well-being of our employees. We aspire to be the industry leader in diversity and inclusion and have taken several initiatives towards this objective during the year.

The safety of our employees, workforce and the public is of utmost importance to us. We firmly believe that the safety and well-being of each and every stake holder is crucial to our success. Our unwavering focus on safety protocols and several new initiatives have helped us create a culture where safety is not just a priority but a way of life. As the covid pandemic fades into obscurity, it is critical to recognise and remember the critical role mental health and well-being play in people’s lives. Mental health has a direct influence on productivity, innovation and overall happiness. We empower our employees to thrive by prioritising mental health initiatives and creating a supportive environment, ensuring their long-term success and our collective growth. While we continue to build a safety culture, the use of digital tools and technologies help us track and record near-miss incidents that are reviewed for learnings and course correction. From regular training programmes to audits, our commitment to safety extends to our employees and contractors, vendors and partners. By ensuring a safe work environment, we are also able to attract and retain top talent and deliver exceptional results for our clients.

Tata Group has set a challenging Net Zero 2045 target and Tata Projects is fully committed to this vision. We are conscious of the impact of our operations and services on the environment. We have been proactively working towards improving efficiency of our operations and processes to ensure optimal utilization of natural resources. This also means that we stay committed to protecting the environment while contributing to society in and around our 220+ active project sites. Our sustainability agenda is built on resource efficiency, creating low carbon operations, promoting green vendors, and incorporating engineering innovations to reduce our environmental and ecological impact.

As I reflect upon our transformation journey, I find it to be both invigorating and fruitful. Your company’s path towards an empowered project organisation, industry leadership in predictable project delivery and technology adoption gives me confidence that we achieve all and more than what we set out to do.

Lastly, I would like to extend my heartfelt gratitude to all our stakeholders for their unwavering faith and confidence in our company and being part of this transformation journey.