Wednesday, December 19, 2012

Cyrus Pallonji Mistry to be the successor of Ratan Tata


     Tata Sons director board appointed Cyrus Pallonji Mistry, Irish origin, as the new chairman of the entire Tata business empire. Cyrus will take the charge after stepping down the present chairman Ratan Tata on 28 this month.  Tata Sons controls the various companies under Tata group. 

     Cyrus had been appointed as the chairman of different Tata group companies in the last months as an initial step prior to honoring the chairmanship of the entire business empire.  He is at his 44 and he will be the second person who comes on the top position from out side of the Tata family.  Cyrus joined the company in 2006 after the resignation of his father Pallonji Mistry.  Shapoorji Pallonji group holds 18% shares of the Tata companies.

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