The suspense over the heir to India’s oldest, and most respected entrepreneurial house; The TATA Group is finally over. Mr. Cyrus P Mistry will take over the group realms from Mr. Ratan Tata when Mr. Tata retires in December 2012. Mr. Mistry has been on the Tata board for some time now. He is the son of Mr. Pallonji Mistry; the single largest shareholder in TATA sons with an 18% stake.
Some more gyaan on the subject concerned: Mr. Cyrus Mistry is 43 years of age, has a BE in Civil Engineering form Imperial College London and a Masters in Management from London Business School. Prior to his appointment as the Deputy Chairman of TATA Sons he is a serving director at Shapoorji Pallonji and Company; Forbes Gokak; Afcons Infrastructure; and United Motors (India).
It’s interesting to know that the group is consciously trying to build in youth into its setup; with a lot of its top-level managers being in their 40s. Mr. Mistry inherits a group that has been the most respected in the country; functioning over 100 years; now setting its foot around the world. Mr. Tata has been a force to reckon with. The group went global in the real term under Mr. Tata’s astute business acumen. Even though the Jaguar Land Rover and Corus acquisitions came about during the recent financial crisis time, the management at Tata Motors has been able to turn things around. With the launch of Nano; the cheapest car in the market, the group added one more feather to its cap.
The choice to take over the baton seems logical enough; given Mr. Mistry’s global exposure and experience is in tune with the group’s current trend but one will have to wait and watch to see how he carries the legacy forward in these dynamic and turbulent times…
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