43 year old son of Sh. Pallonji Shahpoorji Mistry (single largest share holder 18.5 % of TATA Sons), CYRUS PALLONJI MISTRY will become only second Non-Tata head of 143 year old TATA Group in 2012.He will take the thorn of TATA Group when Mr. Ratan Tata will retire after attaining the age of 75 in December 2012.
House of TATAS
(Picture Courtesy: India today, Issue 5 dec.2011)
Tata group has been setup in 1868 by Jamsetji Nusserwanji Tata. After him his son, Sir Dorabji Tata has taken over in 1904. Sir Nowroji Saklatwala (First Non-Tata Chairman Of Tata Group) took over after the dead of him in 1934.
After his demise, JRD Tata sworn in as the chairman of TATA Group as Chairman. He has lead the TATA Group for 53 year before Ratan Tata took over in early 90’s. Since Ratan led the TATA Group to new heights of Success, achievements on businesses ladder successfully.
History & Growth of TATA Empire
(Picture Courtesy: India today, issue 5th Dec 2011)
Within 20 yrs of Dynamic Leadership of Mr. Ratan Tata, Tata group has emerged as an example to other business houses in India. Under his leadership, Tata group has acquired various foreign companies – Tata Tea acquired British Tea brand Tetley in 2000, Tata Steel acquired Anglo-Dutch Steel maker CORUS in 2006, Tata motors bought iconic auto brands JAGUAR & LAND ROVER in 2008 – such deals helps the group revenues in 2010-11 to stood $48.3 billion from its international operations which account 58 % of its groups total revenue.
Ratan Tata will leave a big gap to fill by Cyrus Mistry, which he has shown in his business acumen and decision making.
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