Ratan's tata

Barring a four-year interlude in the 1930s, a Tata scion has always headed the 141-year-old Tata group of companies.

So Ratan Tata's statement that a non-family professional, even an expatriate, can succeed him has understandably become headline-grabbing news.

This is, however, not the first time an Indian business leader is casting his net globally in search of a successor, nor indeed, is it the first time for a Tata company. The group's hotel business is, in fact, headed by an expatriate.

Text: Business Standard

Image courtesy: AFP

Also see: My successor may be from outside India: Ratan Tata