Ratan Tata Successor Cyrus P. Mistry

Ratan Tata Successor Cyrus P. Mistry

With the end of  more than a year of speculation over who would run India’s biggest business group, Tata Sons Ltd. named Cyrus P. Mistry, the son of its biggest shareholder, as successor to Chairman Ratan Tata.

Tata in August 2010 set up a five-member panel to find a successor to Ratan, who will retire after two decades running the Mumbai-based company. Mistry, aged 43, will take over as head of the group in December 2012 & currently will assume the role of deputy chairman immediately. 

In Mistry's Family wons 18 percent of the group holding company. He was picked as an insider who has sat on the board since 2006. He may struggle to stamp his identity on the group after Ratan Tata’s acquisitions of Corus Group, Jaguar Land Rover (TTMT) and Tetley Group Plc charted India’s emergence as a global economic power.

U.R. Bhat, managing director of Dalton Capital Advisors India Pvt,  said “He has phenomenally big shoes to fill” . “He’s sort of an enigma. We don’t know whether he has the right credentials.”