|Chennai||Rs. 25020.00 (-0.32%)|
|Mumbai||Rs. 26110.00 (0.19%)|
|Delhi||Rs. 25850.00 (0%)|
|Kolkata||Rs. 25720.00 (-0.66%)|
|Kerala||Rs. 24850.00 (-0.6%)|
|Bangalore||Rs. 25200.00 (0%)|
|Hyderabad||Rs. 25020.00 (-0.2%)|
When he took over as chairman of the Tata Group in 1991, the majority perception was that the untested nephew of J R D Tata would be a pushover. Twenty-one years later, as he hands over the baton to 44-year-old Cyrus Mistry today, all that is a distant memory. Tata, 75, has led the transformation of the group to a $100-billion-plus global conglomerate. Mistry inherits a global conglomerate that is 51 times bigger than in 1991 and the group has grown at a compound annual rate of 21.7 per cent.
But Tata has set a challenging task for his successor: He wants the group to increase annual sales to more than $500 billion over next decade. True to his style, his departure from his workplace of 50 years will be low-key; in fact, Tata is on a holiday in Pune, and there will be no formal farewell.