Cyrus Mistry used to speak less like solitude
the masons answered with their work

Mumbai . Cyrus Mistry was not a well-known face until he was appointed as the chairman of Tata Sons. Till that time he was confined to his family business only. In 2012, when Mistry was made the chairman of Tata Sons at the age of 44, he was heading the companies of Shapoorji Pallonji Group. At such a young age, he replaced a stalwart like Ratan Tata as the head of the Tata Group with a turnover of over $100 billion.

There was talk that Mistry was reluctant to take over the reins of Tata Sons, a representative company of the Tata group. But Ratan Tata himself convinced him to accept this challenge. He served as the chairman of Tata Sons for four years and was suddenly removed from the post in October 2016. Not only was Mistry removed from the post of chairman after internal differences, but Ratan Tata himself took over the reins for some time. Later N Chandrasekaran was made the chairman of Tata Sons. Pallonji Shapoorji Mistry, also known as ‘Phantom of Bombay House’, could not help his son Cyrus at that time.

‘Cause for sudden removal to be given’

Cyrus had made serious allegations against the board of directors of Tata Sons. But the matter took a sharp turn when Cyrus Mistry challenged his dismissal as chairman in court. He said that the board of directors of Tata Sons was praising his work till a few months ago, so the reasons for his sudden removal should be given. The Mistry family, which holds the highest 18 per cent stake in Tata Sons, had even offered to sell its entire stake after the dispute escalated. This led to speculation about the valuation of Tata Sons.

The Egyptians believed in speaking through their work.

While heading the Tata Group, Mistry was largely dependent on a Group Executive Council (GEC) for the implementation of important decisions. Apart from elected representatives from within the Tata group, there were people from the academic world in this council. At that time, Mistry was considered a serious backroom executive with a sharp mind. By nature, Mistry, who liked solitude, believed in speaking only through his work. Because of this, very little information could be revealed about him. He did not give a single interview to the media while in office in Bombay House, but he started speaking openly as soon as he stepped down.

Once again started working quietly in the old style

Apart from Nusli Wadia of Bombay Dyeing and Supriya Sule, daughter of Nationalist Congress Party (NCP) chief Sharad Pawar, no big corporate name had come forward to support Mistry. With the passage of time, Mistry also once again started working quietly in the old style. An Irish citizen by birth, Mistry Pallonji was the youngest son of Shapoorji Mistry. After his early studies from Mumbai, he took civil engineering from Imperial College, London and MBA from London Business School.

Tags: Tata


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