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Ratan Tata's words that inspired Yash Kotak: Take decisions, then make them right

The Tata Sons' Chairman Emeritus recently shared that he was an accidental startup investor.

, ET Bureau|
Updated: Oct 18, 2019, 05.28 PM IST
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Ratan Tata (left) recently said that he "made small token investments" from his pocket "in what he considered to be exciting companies."
The Tata Sons' Chairman Emeritus recently shared that he was an accidental startup investor. This is what he told the BOHECO co-founder in whose company he has invested.

Earlier in the week during an interview, Ratan Tata, Chairman Emeritus of Tata Sons shared that he began startup investment by accident. After retiring, he said that he "made small token investments" from his pocket "in what he considered to be exciting companies."

One of these companies was the Bombay Hemp Company.

Yash Kotak, one of the co-founders of BOHECO told ET Panache, "People like Mr. Tata don’t just build businesses, they build legacies. He had once said, 'I don’t believe in taking the right decisions. I take decisions then make them right.' This statement has quite an ironic representation of what we’ve tried to do with BOHECO."

Kotak went on to share that at the very onset, he and his co-founders faced backlash from near and dear ones. "This was because we were venturing into an uncharted business that has a stigma attached to it. It was our belief that lead us to go ahead with it and prove the critics wrong. We took the decision and pursued it hard enough to make it the right one and here we stand as India’s premier industrial hemp and medical cannabis company and with individuals such as Mr. Tata backing us has only made this ride worth it," he said.

Bill Gates, Ratan Tata, Jack Ma: Business Leaders Who Accepted Their Biggest Mistakes

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Bill Gates recently said that his ‘greatest mistake ever’ — reportedly worth $400 billion — was to not create Android at Microsoft. A look at other regrets of businessmen.(In pic from left: Bill Gates, Ratan Tata, Jack Ma)
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