What Cyrus Mistry inherits from Ratan Tata

NEW DELHI: Cyrus Mistry will take over the chairmanship of the Tata group on Friday from Ratan Tata who led the transformation of the group from a conventional corporate house into a $100 billion global conglomerate with high-profile acquisitions abroad.

Ratan Tata, who turns 75 on Friday will hand over the reins of the group to 44-year-old Cyrus Mistry, who was chosen his successor in 2011 and formally appointed chairman earlier this month. Let us look what the new Tata group chairman Cyrus Mistry will inherit from his illustrious predecessor.

Headquarters: Bombay House in downtown Mumbai

Operations: In more than 80 countries across six continents with exports to 85 countries

Areas of business: Seven core areas — information systems & communications, engineering, materials, services, energy, chemicals and consumer products

Group turnover: Rs 475,721 crore or $100.09 billion

Turnover profile: 58 per cent of revenues from overseas

Market operations: 32 companies publicly listed with a combined market capitalisation of about $88.82 billion

Shareholder base: 3.8 million

Top companies: Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels

Foreign brands: Corus, Jaguar, Land Rover, Tetley, heavy vehicles unit of Daewoo Motors

Number of employees: Over 450,000

Foundation: Set up in 1868 by Jamsetji Nusserwanji Tata





(With inputs from IANS)