Cyrus Mistry

Cyrus Mistry fired ! Ratan Tata is the intrem Chairman

Surprisingly the Monday board meeting was a shocker for Cyrus Mistry, ex-chairman of Tata Sons. Ratan Tata is back to action for 4 months till the board hires a new chairman. Read more on Ratan Tata.

Cyrus Mistry was appointed chairman of Tata Sons that had various companies under it. Including Tata Industries, Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power , Tata Teleservices, Indian Hotels, Tata Global Beverages and Tata Chemicals. The exact reason for dismissal is not confirmed yet.  He joined the board of Tata Sons in September 2006 and in 2012 he succeeded Rata Tata to take up the position of Chairman.

A committee has been setup to hire a Chairman within 4 months. The committee will include Ratan Tata, Ronen Sen, Venu Srinivasan, Amit Chandra. The decision has been taken after the board meeting today held in Mumbai. The turnover of Tata has dropped to $103 Billion from $108 Billion from last financial year and debt rose to $24.5 Billion from $23.4 Billion. Read Business News.

Cyrus Mistry fired ! Ratan Tata is the intrem Chairman
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

INDIAN CEO provides latest business news about Indian CEOs, startups, business, funding, founders, new ideas, technology, apps, gadgets

Stay tuned to get latest updates on startup business in India and listen right from heart of Indian CEOs.



AWS Activate Partner

Subscribe for Insider Updates

Get Stories delivered to your Inbox

Copyright © 2015 INDIAN CEO. Indian business news magazine

To Top