Ratan Tata, chairman of the Tata Group who steps down Friday, also had the uncanny ability to know when to enter a new business and, more importantly, exiting an existing one. List of such deals:
1994: Sells Tata Oil Mills (Tomco) to Hindustan Unilever
1997: Lakme brand and assets sold to Hindustan Unilever
1998: Group's pharma company Merind sold to Wockhardt
1998: Voltas demerges its white goods and domestic refrigerator segment into a joint venture controlled by Electrolux
1999: Tata Group sells its 7.2-percent stake in Associated Cement Companies (ACC) to Ambuja Cement Holdings, a subsidiary of Gujarat Ambuja Cements (GACL)
2000: Tata Group exits cement business, selling their remaining stake in ACC to the GACL group
2005: Tata exits Idea Cellular -- venture that included the Aditya Vikram Birla Group and the US-based AT&T to focus on CDMA-based mobile telephony business.