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Saturday, May 25th 12:47 PM IST
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Cyrus Mistry GALLERY.
strongNew Delhi/strong: The $100-billion Tata Group chairman Ratan Tata today sought the support of group's shareholders to his successor Cyrus P Mistry, who will take over the mantle of the salt-to-software giant in December. Cyrus Mistry has all the qualities and values to take the Tata Group in the direction that it has continued in all these years, Tata told the annual general meeting of its flagship company Tata Motors here today. Seeking the support and encouragement of the shareholders for Mistry, Tata said, I want you to extend the same sort of support and encouragement that you have given to me all these years, to Mistry as well. [caption id=attachment_414264 align=alignleft width=380 strongNew Delhi/strong: The $100-bi
strongMumbai:/strong Be your own man, Ratan Tata has advised Cyrus Mistry, who will succeed him at the helm of the $100 billion Tata group two weeks from now. I don't think it is right to have a ghost to shadow over somebody, says Tata, dismissing any notion that his larger-than-life persona would linger even after he retires on December 28 when he turns 75. The Tata patriarch has told Mistry, 31 years younger, you should be your own person, you should take your own call and you should decide what you want to. Tata spoke about his 50 years with the group, 21 as its chairman, the highs and lows of his tenure, his equation with Mistry and his post-retirement plans during an expansive interview to PTI in his office at Bombay House, the group headquarters. Mistry, currently Vice Chairman of the conglomerate that spans automobiles, IT, hotels, tea and steel across 80 countries, has been working closely with Tata to prepare for the transition. strongThere is no success mantra/strong Have you passed on a success mantra to Mistry?strong,/strong the outgoing chairman was asked. No, I told him the same things that I told myself when JRD (late J R D Tata) handed over the mantle to me. The first reaction of anybody is to be Mr J R D Tata because you are filling his shoes. I instantly told myself, 'I can never do that'. I will never be him much as I try to imitate him. So I took a decision to be myself and to do what I thought was the right thing. I told Cyrus the same thing, he said. [caption id=attachment_557175 align=alignleft width=380 strongMumbai:/strong Be your own ma
Tata Sons, the promoter of major operating companies of the salt-to-software conglomerate, on Tuesday announced appointment of Cyrus P Mistry as its Chairman with effect from December 28 following retirement of Ratan N Tata. The Board of Directors of Tata Sons today announced the appointment of Cyrus P Mistry as the Chairman of the Board after Ratan N Tata retires on December 28, 2012, Tata Sons said in a statement. The Board has decided to confer on Tata the honorary title of Chairman Emeritus, it added. Mistry has been a director of Tata Sons since 2006 and was appointed Deputy Chairman in November last year. [caption id=attachment_561648 align=alignleft width=380 Tata Sons, the promoter of major op
a href=http://www.economist.com/news/21567390-ratan-tatas-successor-cyrus-mistry-has-some-dirty-work-do-pupil-masteremThe Economist/em/a has done something the Indian media may not have done as yet. An article in the magazine has taken a detailed look at the duds, indedted businesses of the Tata group. The article comes ahead of Ratan Tata's retirement and Cyrus Mistry's elevation as group Chairman in December. According to the article, overall performance of Tata Sons, the group's holding company with 182 subsidiaries, is murky as it need not publish accounts on a consolidated basis since it is unlisted. The article has taken into consideration results ofthe 14 biggest operating companies (excluding Tata's financial operations) which appear to account for about 95% of the group's sales. According to the article, the sums are a guide, as it involved some guesswork. It is in effect taking a look at what is in store for Mistry once he takes over as chairman. [caption id=attachment_541044 align=alignleft width=380 a href=http://www.economist.com/new
strongMumbai:/strong Cyrus Mistry, the new chairman of the Tata Group, will formally take charge of his office on Monday, company sources said today. Mistry, who was appointed chairman to succeed Ratan Tata, is the sixth chairman of the Tata empire. The Group was founded as a private trading firm in 1868 by entrepreneur and philanthropist Jamsetji Nusserwanji Tata. [caption id=attachment_572412 align=alignleft width=380 strongMumbai:/strong Cyrus Mistry,
strongGandhinagar:/strong New Tata Group Chairman Cyrus Mistry today lauded the Gujarat government and Chief Minister Narendra Modi saying they have created an enabling business environment and a culture of implementation. As Mistry's name was announced for delivering his maiden public address since taking over the helm of the salt to software conglomerate at the valedictory session of the sixth 'Vibrant Gujarat' summit here, a thunderous applaud resounded at the packed Mahatma Mandir auditorium. [caption id=attachment_585849 align=alignleft width=380 strongGandhinagar:/strong New Tata
Cyrus Mistry is 44 (Ratan Tata was 54 in 1991 when he took the mantle at Bombay House). A commerce graduate from the University of Mumbai, he has an engineering degree from the Imperial College, London, (1990) and a masters in management from the London School of Business. Mistry joined the board of Shapoorji Pallonji & Co-a firm that his grandfather founded-as director in 1991. Three years later he a href=http://www.hindustantimes.com/business-news/Features/New-frontiers-await-Mistry/Article1-981622.aspx target=_blankwas appointed managing director of the Shapoorji Pallonji Group/a. [caption id=attachment_571250 align=alignleft width=380 Cyrus Mistry is 44 (Ratan Tata was
strongSankrail:/strong With Cyrus Mistry slated to take up charge as the new Tata Group chairman Saturday, a West Bengal minister Friday hoped the change of guard would pave the way for an amicable solution to the Singur land row, which has entangled the automaker in a bitter legal battle with the state. I called him (Mistry) up today (Friday) and congratulated him for the new job. He too said that (West) Bengal was a good destination for investment, state Industries Minister Partha Chatterjee said. [caption id=attachment_572560 align=alignleft width=380 strongSankrail:/strong With Cyrus M
strongKolkata:/strong Leading construction company Shapoorji Pallonji plans to invest in West Bengal in deep-sea port, an IT park, hydro electricity and construction of roads and night shelters for the poor. Shapoorji Pallonji already has over Rs 1,000 crore investment in the state. We have come today to see various other avenues which could be of mutual benefit and interest for both West Bengal government and S P Group, Shapoor Mistry, group managing director, told reporters after an hour-long meeting with West Bengal Chief Minister Mamata Banerjee at the state secretariat. Some areas we are looking at are deep sea port, hydro electricity, IT park and construction of roads in the plains and the hill areas, Mistry, elder brother of Tata Group chairman elect Cyrus P Mistry, said. [caption id=attachment_400809 align=alignleft width=380 strongKolkata:/strong Leading const
Cyrus Mistry, deputy chairman of Tata Sons attends the annual general meeting of Tata Consultancy Services (TCS) in Mumbai on June 29, 2012. India's biggest outsourcing firm, TCS reported that net profit jumped 23 percent in the three months to March, beating market forecasts as US and European customers boosted orders. Net profit was 29.32 billion rupees (558 million dollars) for the fiscal fourth quarter, TCS or Tata Consultancy Services, part of the steel-to-tea Tata conglomerate. Cyrus Mistry, deputy chairman of Ta
Cyrus Mistry, deputy chairman of Tata Sons attends the annual general meeting of Tata Consultancy Services (TCS) in Mumbai on June 29, 2012. India's biggest outsourcing firm, TCS reported that net profit jumped 23 percent in the three months to March, beating market forecasts as US and European customers boosted orders. Net profit was 29.32 billion rupees (558 million dollars) for the fiscal fourth quarter, TCS or Tata Consultancy Services, part of the steel-to-tea Tata conglomerate. Cyrus Mistry, deputy chairman of Ta
strongMumbai:/strong Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a $100 billion global conglomerate with high-profile acquisitions abroad, will retire tomorrow ending a 50-year run in one of India's oldest business empires. Marking a generational change, Tata, who turns 75 on Friday, will hand over the reins of the group to 44-year-old Cyrus Mistry, who was chosen his successor last year and formally appointed chairman earlier this month.[caption id=attachment_570498 align=alignleft width=380 strongMumbai:/strong Ratan Tata, wh
Here's what Cyrus Mistry inherits from Ratan Tata as the new chairman of India's largest industrial house, Tata Sons: strongHeadquarters: /strongBombay House in downtown Mumbai strongOperations: /strongIn more than 80 countries across six continents with exports to 85 countries strongAreas of Business: /strongSeven core areas -- information systems & communications, engineering, materials, services, energy, chemicals and consumer products [caption id=attachment_570512 align=alignleft width=380 Here's what Cyrus Mistry inherits f
As Ratan Tata steps down and Cyrus Mistry steps in at Bombay House Friday, top CEOs of the world have said the $100-billion Tata Group is India's best-known global brand within and outside the country. Ratan Tata occupies the well-deserved iconic status who has taken the group from largely an Indian family-owned business house into a professionally managed global conglomerate, a survey by Assocham said. About 77 percent of those who participated in the survey said they are confident Mistry will be able to steer the group well, it said. Assocham said it has surveyed about 78 top CEOs and heads of both domestic and foreign companies in the first fortnight of December. [caption id=attachment_566975 align=alignleft width=380 As Ratan Tata steps down and Cyrus
strongBy Sourav Majumdar & Sulekha Nair/strong After an intense 14-month wait, when Tata Sons finally announced the name of the relatively unknown 43-year-old Cyrus Pallonji Mistry as the Chairman-Designate of the venerable Tata Group (2011-'12 turnover $100.09 billion) one November evening in 2011, it took most of Corporate India by surprise. Mistry was hardly seen as a probable contender for the top job at the sprawling salt-to-software group which is part of Indian corporate folklore. [caption id=attachment_569340 align=alignleft width=380 strongBy Sourav Majumdar & Sule
Tata Group Deputy Chairman Cyrus Mistry attends the annual general meeting of Tata Steel Ltd., in Mumbai August 14, 2012. Shares in Tata Steel gained 2.7 percent, despite reporting April to June net profit that missed estimates, as operating profit came in above expectations. Tata Group Deputy Chairman Cyrus Mi
China's Premier Li Keqiang (L) and Chairman of the Tata Group of companies Cyrus Mistry stand together at an office of software services company Tata Consultancy Services (TCS) in Mumbai May 21, 2013. Li is in India on a three-day state visit. China's Premier Li Keqiang (L) and
Tata Group Chairman Ratan Tata in a lighter vein today said shareholders would probably remember him, after he stands down in December end, for his stinginess when it comes to dolling out bonuses. To a shareholder's query at the 73rd AGM of Tata Chemicals about low bonuses being doled out by the company, though the parent company being a USD 100 billion entity, Tata in a jocular vein said: You can remember me for my stinginess and praise (Cyrus) Mistry for his magnanimity. [caption id=attachment_427028 align=alignleft width=380 Tata Group Chairman Ratan Tata in a
Western India's Gujarat state Chief Minister Narendra Modi (L) greets New Tata Group Chairman Cyrus Mistry (R) and Canadian Immigration Minister Jason Kenney (C) during the Velidictory function of the Vibrant Gujarat 2013 6th Global Summit at Mahatma Mandir in Gandhinagar, some 30 kms from Ahmedabad on January 12, 2013. The summit was inaugurated by Gujarat Chief Minister, Narendra Modi yesterday and the two day summit is attended by a wide range of national and international corporate representatives. Western India's Gujarat state Chief
Prime Minister of the People’s Republic of China, Li Keqiang (2L), speaks to the Chairman of India's tea-to-software conglomerate Tata Group, Cyrus Mistry (2R), at the Tata Consultancy Services (TCS) facility in Mumbai on May 21, 2013. Chinese Premier Li Keqiang is in Mumbai on the final stop of his maiden three day foreign trip to India. China is India's biggest trading partner, with two-way commerce totalling USD 67.83 billion in the last fiscal year to March 2013, up from USD 2.1 billion in 2001-02. Prime Minister of the People’s Re
Lord Kumar Bhattacharyya, the Warwick-based engineer and academic who was a member of the panel that chose Cyrus Mistry as the next chairman of the Tata group of companies, says that the same charitable culture will continue in the company. An IIT alumnus, Lord Bhattacharyya heads the influential Warwick Manufacturing Group based at the University of Warwick, and has held several positions in trade and industry, including as a scientific adviser to the South African government. [caption id=attachment_465232 align=alignleft width=380 Lord Kumar Bhattacharyya, the Warwi
One of the myths of aerodynamics is that the bumblebee cannot fly, given their body structures, wing sizes and other shortcomings. But they do fly. Given the laws of Indian corporate dynamics, and the poisonous hand of government, the House of Tata should have been extinct by now. The singular achievement of Ratan Tata, who turns 75 tomorrow (28 December) and who will be formally handing over the reins of power to Cyrus Mistry as Chairman of Tata Sons, is to prove everybody wrong. He has proved that the Tata Group can not only fly, but also grow additional wings to spread itself all over the globe. [caption id=attachment_570459 align=alignleft width=380 One of the myths of aerodynamics is
India's Tata Group's new Chairman Cyrus Mistry (C) walks into the company head office in Mumbai on December 28, 2012. The head of India's Tata Group, Ratan Tata, quietly handed over the reins of the business empire on his 75th birthday December 28, as he basked in the plaudits for turning the organisation into a global power. Tata, who steered the group for 21 years as chairman, has been credited with transforming it into a streamlined conglomerate of more than 100 companies and earning a global reputation for eye-catching acquisitions of Western firms. India's Tata Group's new Chairman C
New Tata Group Chairman Cyrus Mistry looks on during the Velidictory function of the Vibrant Gujarat 2013 6th Global Summit at Mahatma Mandir in Gandhinagar, some 30 kms from Ahmedabad on January 12, 2013. The summit was inaugurated by Gujarat Chief Minister, Narendra Modi yesterday and the two day summit is attended by a wide range of national and international corporate representatives. New Tata Group Chairman Cyrus Mistr
strongNew York:/strong Ratan Tata, who has just stepped down as Tata group's head, has said that the biggest challenge for the $100 billion conglomerate's new Chairman Cyrus Mistry will be the country's business environment that is going to be tougher and more complex than the crisis of 1991. The big picture challenge is that the (business) environment is going to be tougher and more complex than it was in 1991. In 1991, there were less people aspiring to succeed in this newly opened economy. Today there are many, he said in an interview published by emTime/em magazine. [caption id=attachment_580985 align=alignleft width=380 strongNew York:/strong Ratan Tata,
New Tata Group Chairman Cyrus Mistry (C) delivers a public address during the Velidictory function of the Vibrant Gujarat 2013 6th Global Summit at Mahatma Mandir in Gandhinagar, some 30 kms from Ahmedabad on January 12, 2013. The summit was inaugurated by Gujarat Chief Minister, Narendra Modi yesterday and the two day summit is attended by a wide range of national and international corporate representatives. New Tata Group Chairman Cyrus Mistr
New Tata Group Chairman Cyrus Mistry (R) delivers a public address during the Velidictory function of the Vibrant Gujarat 2013 6th Global Summit at Mahatma Mandir in Gandhinagar, some 30 kms from Ahmedabad on January 12, 2013. The summit was inaugurated by Gujarat Chief Minister, Narendra Modi yesterday and the two day summit is attended by a wide range of national and international corporate representatives. New Tata Group Chairman Cyrus Mistr
New Tata Group Chairman Cyrus Mistry looks on during the Velidictory function of the Vibrant Gujarat 2013 6th Global Summit at Mahatma Mandir in Gandhinagar, some 30 kms from Ahmedabad on January 12, 2013. The summit was inaugurated by Gujarat Chief Minister, Narendra Modi yesterday and the two day summit is attended by a wide range of national and international corporate representatives. New Tata Group Chairman Cyrus Mistr
strongNew Delhi:/strong Country's largest electricity producer in the private sector, Tata Power today said Ratan Tata has stepped down as the chairman of the company. Effective November 8, Ratan N Tata has stepped down as chairman of Tata Power and Cyrus P Mistry, has been appointed chairman, the company said in a statement. [caption id=attachment_519478 align=alignleft width=380 strongNew Delhi:/strong Country's l
Rata group chief Ratan Tata on Tuesday stepped down as Chairman of Tata Global Beverages with immediate effect, making way for successor Cyrus Mistry, who has also been inducted into the board of Indian Hotels Company. In two separate filings to the BSE, the two firms said the respective meetings of the Board of Directors decided the changes as per Tata's retirement plans in December 2012. [caption id=attachment_529912 align=alignleft width=380 Rata group chief Ratan Tata on Tues