As we all know that "Cyrus Mistry" is the new Chairman of Tata Group, which is one of the renowned family in India and well know in abroad. Tata Group is an Indian multinational conglomerate company,it is one of the largest companies in India by market capitalization and revenue. It has interests in communications and information technology, engineering, materials, services, energy, consumer products and chemicals. The Tata Group has operations in more than 80 countries across six continents and its companies export products and services to 80 nations.
Can "Cyrus Mistry" hold and carry the legacy which Tata's created over period of time,
Cyrus P Mistry, the 43-year-old managing director of Shapoorji Pallonji Group, even if he has less experience, he is capable of replacing Mr "Ratan Tata" in his shoes. "Cyrus" is no new to business .
Mr. "Ratan Tata" says ' that he would love to have someone young to take over'
What makes "Cyrus Mistry" eligible.
- Age "43" (Mr. Ratan Tata, wanted young blood)
- His family hold largest piece of cake in terms of equity block (18.4%)
- Religion (Parsi)
- Down to Earth
- His understanding style & strong operational experience
- "Cyrus" was the first choice of Mr "Ratan Tata:
Who's Cyrus Mistry.
Cyrus "Pallonji" Mistry (born 4 July 1968) is the youngest son of Irish construction magnate Pallonji Mistry,he graduated from the Imperial College, London with a BE in civil engineering and holds a master of science in management from the London Business School.
Cyrus is married to Rohika Chagla the daughter of lawyer Iqbal Chagla, and the couple have two sons. Cyrus Mistry has been a director of Tata Sons since September 1, 2006.
The board of directors of Tata Sons appointed Cyrus P Mistry as Deputy Chairman. He will work with Ratan N Tata over the next year and take over from him when Mr Tata retires in December 2012.
Mistry will be the sixth chairman of the group and the second not named Tata.
“I feel deeply honoured by this appointment. I am aware that an enormous responsibility, with a great legacy, has been entrusted to me. I look forward to Mr Tata’s guidance in the year ahead in meeting the expectations of the Group. "Cyrus Mistry" said
"He is intelligent and qualified to take on the responsibility being offered and I will be committed to working with him over the next year to give him the exposure, the involvement and the operating experience to equip him to undertake the full responsibility of the group on my retirement," Tata" said.
