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Ratan Tata elected to National Academy of Engineering Tata Group seen as 'India's best-known global brand' Cyrus Mistry to take over as Chairman of Tata Sons Be your own man: Ratan Tata's advice to Cyrus Mistry Cyrus Mistry is Chairman-designate of Tata Global, Indian Hotels Mistry is Tata Chem Dy Chairman Tata Steel posts consolidated loss in Q2 Cyrus Mistry appointed Tata Steel Deputy Chairman Tata Power: Ratan Tata steps down, Mistry takes over With JLR boost,[url=http://rogervivieroutlet.webmium.com/][b]roger vivier Shoes australia[/b][/url], Tata Motors Q2 net profit up 10.5% Indian Hotels' bid and the Ferrari, ex-Orient-Express CEO ties Slym's chance of getting it right for Tata Motors
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,[url=http://www.duveticajacketsjp.com/][b]デュベチカ通販[/b][/url], will retire tomorrow ending a 50-year run in one of India oldest business empires.
Marking a generational change,[url=http://duveticaoutletcanada.halod.com/][b]duvetica jackets canada[/b][/url], Tata,[url=http://woolrichdeutschland.albirank.net/][b]Woolrich Arctic Jacket Online[/b][/url], who turns 75 tomorrow, 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.
Tata is hanging up his boots after steering the group for 21 years as its Chairman, when he succeeded the legendary JRD Tata. While JRD made Tata the Chairman out of the blue in 1991, Mistry of the Shapoorji Pallonji group and whose family owns 18 per cent stake in Tata Sons, was chosen by a five-member selection committee.
During Tata tenure,[url=http://parajumpersjakkernorgejacketkodiak.olimx.com/][b]Parajumpers Jakker Norge Jacket Kodiak Parajumpers Jakker Long Bear Salg[/b][/url], the group revenues grew manifold, totalling $100.09 billion (around Rs 475,721 crore) in 2011-12 from a turnover of a mere Rs 10,000 crore in 1991.
His vision to transform the group into a multinational giant resulted in high profile acquisitions such as Tata Tea takeover of UK brand Tetley for $450 million in 2000.
But Ratan Tata set new standards for Indian corporates in the current era of globalisation when Tata Steel acquired Anglo-Dutch rival Corus for 6.2 billion pounds beating CSN of Brazil in 2007.
A year later, the group automotive firm Tata Motors lapped up British luxury vehicle maker Jaguar Land Rover for $2.3 billion from Ford Motor Co.
Even as Tata was concentrating on activities abroad, he came up with the idea of producing the world cheapest car when he conceived the 1 lakh small car Nano. The Tata group underwent moments of high tension in executing the Nano project when it got into problems on acquisition of land in Singur in West Bengal.
Ironically, the group had to shift the project from Singur, where he was invited by Marxist Chief Minister Buddhadeb Bhattacharya, to Sanand in Gujarat at the invitation of Narendra Modi.
Although Nano could not live up to the expectations after its initial worldwide acclaim, the small car will still be remembered as Tata desire to provide a option to many Indian lower-middle class families riding two-wheelers.
In a recent interview to PTI, he said Singur was a disappointment for him because he went there a leap of faith thinking that part of the country was being ignored industrially. He will brush up on his piano,[url=http://monclerdownjacketsoutlet.albirank.net/][b]moncler coats outlet[/b][/url], which he learnt as a school boy and pursue flying, apart from his focus on philanthropic activities.
It will be big shoes to step in for Mistry, who joined the Tata group in 2006 as a Director. Earlier, he was leading the then over $2.5 billion construction giant Shapoorji Pallonji Group as Managing Director.
your own man and be yourself,[url=http://woolrichdeutschland.albirank.net/][b]Woolrich Arctic Jacket Damen[/b][/url], is the mantra Tata has passed on to Mistry. This is the same counsel he told himself when he took over from JRD.
Prior to the selection of him as Tata successor in November 2011, he held non-executive positions on boards of several other Tata companies.
Born on July 4,[url=http://monclerjassengoedkopekoop.albirank.net/][b]Moncler Jassen Goedkope[/b][/url], 1968, Cyrus Pallonji Mistry completed his graduation in Civil Engineering from the Imperial College of Science,[url=http://monclerdownjacketsoutlet.albirank.net/][b]http://monclerdownjacketsoutlet.albirank.net/[/b][/url], Technology and Medicine, London. He also holds a masters degree in Management from the London Business School and is a Fellow at the Institution of Civil Engineers.
He had joined the Shapoorji Pallonji Group in 1991 as a Director, where he was credited with taking the group that employs over 23,000 employees and has strong presence in India,[url=http://giuseppezanottiweddingshoes.webmium.com/][b]giuseppe zanotti wedding shoes Shop[/b][/url], besides West Asia and Africa, to newer heights.
Besides Tata Sons and Shapoorji Pallonji Group, Mistry has also served as a Director on board of several other firms, including Forbes Gokak and United Motors (India). He is a Fellow of the Institute of Civil Engineers, UK, and a Trustee of the NICMAR.
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