When Ratan Tata unveiled the Nano in 2009, the car reinforced his image as a visionary business leader. Four years later, the story is very different.
Business Today was launched in January 1992, soon after Ratan Tata became the helmsman of the Tata Group. Indeed, the first issue featured Ratan Tata on the cover. A collage of BT's reportage on Tata over the years.
Cyrus Mistry, 43, was on Wednesday appointed as Ratan Tata's successor. This is the second time in the company's 143-year history that a non-Tata will head the group.
Cyrus Mistry, 43, was on Wednesday appointed as Ratan Tata's successor. This is the second time in the company's 143-year history that a non-Tata will head the group. Mistry, son of the largest shareholder in the group - Pallonji Mistry, has been on the board since 2006.
The new head of Bombay House says "I look forward to Mr Tata's guidance in the year ahead in meeting the expectations of the group...I take this responsibility very seriously and in keeping with the values and ethics of the Tata group. I will disassociate myself from my family businesses."
Why and how dark horse Cyrus Mistry got to run the victory lap around Bombay House.
Given that Tata Sons recently altered its retirement policy, requiring even the chairman to quit at 70, Chairman-designate Cyrus Mistry gets only 26 years and a few months to find greatness.
Ratan Tata, chairman, Tata Group says the dominance of Tata Motors in commercial vehicles market will be challenged by the entry of global brands like Mercedes-Benz, Volvo and Navistar.
Ratan Tata has left a daunting legacy for his successor Cyrus Mistry. Under his leadership, the Tata Group not only consolidated its business in domestic markets but also metamorphosed into a global entity.
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