Ratan Naval Tata or Ratan N Tata is the present chairman of Tata Sons, Tata Group. Cyrus Pallonji Mistry is the youngest son of Irish businessman, Pallonji Mistry. He has been appointed deputy chairman and Chairman-designate of Tata Sons, which will make him the first non Indian national to head the Indian conglomerate. Cyrus Mistry will work with the current chairman Ratan Tata for one year and take over in December 2012. Here you will get the details about Tata Group: Tata Sons head Ratan Tata appoints Cyrus P Mistry as his successor.

Cyrus Pallonji Mistry emerged as the agreement choice with the backing of present chairman Ratan Naval Tata and Pallonji Mistry asTata Group’s search for a successor entered the final round. The tycoon, the largest individual shareholder in Tata Sons, made a strong field for an insider to be the next chairman. Mistry graduated from the Imperial College, London with a BE in civil engineering and holds a master of science in management from the London Business School. He is a fellow of the Institution of Civil Engineers. Apart from the Tata Group, he also serves as a director on the board of several other companies, including Shapoorji Pallonji & Co, Forbes Gokak, Afcons Infrastructure and United Motors (India).

Ratan Tata’s successor Cyrus Mistry’s profile:

Mistry, an engineer from the Imperial College of Science, Technology and Medicine in London, began working for the group controlled by his father, billionaire Shapoorji Pallonji Mistry, in 1991. According to reports, Mistry said I am aware that an enormous responsibility, with a great legacy, has been entrusted to me.

Born July 4, 1968 (age 43)
Nationality: Ireland
Ethnicity: Parsi
Education: BE , MS
Alma mater: Imperial College London, London Business School
Occupation: Deputy Chairman of Tata Sons
Spouse: Rohiqa Mistry
Parents: Pallonji Mistry

Tata Group Details:

Tata makes cars from the $70,800 Jaguar XJ to the $2,000 Nano, produces steel, salt and grows tea served at the Tata- owned Boston Ritz Carlton. The group accounts for almost 5 percent of India’s gross domestic product.

Tata Steel Ltd. (TATA), which acquired Corus Steel for $12.8 billion in India’s biggest overseas acquisition in 2007, fell 2% to 380 rupees in Mumbai On Nov 23rd 2011.

Tata Consultancy Services Ltd. (TCS), the group’s biggest unit by market value, dropped 1.5% to 1,060 rupees, while Tata Motors Ltd., which owns the Jaguar and Land Rover brands, lost 2.4 percent.

Tata group has more than 100 operating companies with 31 listed on the Indian stock exchanges with total revenue of $83.3 billion in the year ended March 31, 2011.

The Tata group companies together employ are 420,000 members.

According to sources, I have been impressed with the quality and caliber of his participation, his astute observations and his humility, Ratan Tata said in the statement. I will be committed to working with him over the next year to give him the exposure, the involvement and the operating experience to equip him to undertake the full responsibility of the group on my retirement. Mistry will be the second person outside the Tatas to lead the group.

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