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                                                                                   Integrated Annual Report 2021-22                      REPORT              REPORTS             STATEMENTS
                                                                                                                                         Stay Ahead of Change
                                                                                                                                         and Be Future-Ready

           Agile                                                                                                                   Resilience requires organisations to have the capacity

                                                                                                                                   of agility, to make rapid changes and achieve flexibility
                                                                                                                                   of operations in response to the disruptive forces in
           Stay Ahead of Change and                                                                                                the external environment and to be able to capture
                                                                                                                                   immediate opportunity.
           Be Future-Ready
                                                                                                                                   COVID has been one such disruptive force that
                                                                                                                                   compelled organisations to respond swiftly. Many
                                                                                                                                   changed their business operations and processes and
                                                                                                                                   some even had to make paradigm shifts in business
                                                                                                                                   models. As the world recovers, geo-political tensions,
                                                                                                                                   energy and commodity costs are expected to add
                                                                                                                                   inflationary pressures to the global economy.

                                                                                                                                                                     Tata Chemicals demonstrated its    in 2020, we ensured business
                                                                                                                                                                     agility in quickly responding to   continuity with swift adoption of new
                                                                                                                                                                     the external exigencies over the   work processes and connectivity for
                                                                                                                                                                     past two years with a combination   all employees and stakeholders for
                                                                                                                                                                     of operational and structural      continuing business as usual
                                                                                                                                                                                                         We strengthened our customer-focussed
                                                                                                                                                                       As the global trade was disrupted   ecosystem by detecting, scanning and
                                                                                                                                                                      during COVID period, we quickly   adapting to the fluctuating needs of
                                                                                                                                                                      responded with our global supply   the customers. Changed the way we
                                                                                                                                                                      chain network to ensure availability of   engaged with the customers in terms
                                                                                                                                                                      material to our key customers     of our services, pricing contracts and
                                                                                                                                                                                                        supply chain solutions
                                                                                                                                                                       We ensured financial health by
                                                                                                                                                                      maintaining positive cash flows. This     We modified the working structure
                                                                                                                                                                      was done through interventions such   to build flexible networks of teams by
                                                                                                                                                                      as calibrated capital spend, reduction in   adopting connected ways of working.
                                                                                                                                                                      fixed and variable costs          Adopted new HR policies facilitating
                                                                                                                                                                                                        employees to work efficiently from
                                                                                                                                                                       We effectively used digital technology   remote locations
                                                                                                                                                                      to swiftly shift to work from home.
                                                                                                                                                                      During the sudden COVID lockdown

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