Indian Business Giant Tata Sons Rem

Indian Business Giant Tata Sons Removes Chairman Cyrus Mistry
Associated Press Oct. 25, 2016
Cyrus P. Mistry
Rajanish Kakade—AP

The conglomerate comprises more than 100 companies, including Tata Steel, Tata Motors, Tata Power and the IT giant, Tata Consultancy Services


(NEW DELHI) — The board of directors of Tata Sons on Monday removed Cyrus P. Mistry as chairman, four years after he took the reins of India’s largest conglomerate.

The board named former group chief Ratan Tata as interim chairman and set up a panel to choose a new chairman.

Tata Sons owns the Jaguar and Land Rover brands, as well as Tetley Tea. It is one of India’s oldest industrial houses and comprises over 100 companies, including Tata Steel, Tata Motors, Tata Power and the IT giant, Tata Consultancy Services.

The company did not give any reasons for Mistry’s surprise removal.

“The committee has been mandated to complete the selection process in four months,” the company said in a statement.

Mistry, 48, is the youngest son of Pallonji Mistry, whose family is the largest individual shareholder in Tata Sons with an 18 percent stake. He previously was managing director of the Shapoorji Pallonji Group, which has interests in construction, real estate, infrastructure and textiles.

Growth in Tata Sons, India’s largest business group, has slowed in recent years, with turnover falling to $103 billion last fiscal year from $108 billion the previous year.

ผลลัพธ์ (ไทย) 2:

Tata Sons Chairman Removes Giant Indian Business Cyrus Mistry
Associated Press Oct. 25, 2,016th
Cyrus P. Mistry
Rajanish Kakade AP-

The conglomerate comprises more than 100 companies, including Tata Steel, Tata Motors, Tata Power and the IT Giant, Tata Consultancy Services


(. NEW DELHI) - The board of Directors of Tata Sons on Monday removed Cyrus P. Mistry as chairman, Four years after He took the Reins of India's largest conglomerate.

The board Named Former Group Chief Ratan Tata as interim chairman and SET up a Panel to. New choose a chairman.

Tata Sons owns the Jaguar and Land Rover brands, as well as Tetley Tea. It is one of India's Oldest Industrial houses and comprises over 100 companies, including Tata Steel, Tata Motors, Tata Power and the IT Giant, Tata Consultancy Services.

The Company did not give any reasons for Mistry's Surprise Removal.

"The Committee has been mandated. Four months in the selection Process to Complete, "the Company said in a statement.

Mistry, 48, is the youngest Son of Pallonji Mistry, whose Family is the largest individual Shareholder Stake in Tata Sons with an 18 PERCENT. He previously was Managing Director of the Shapoorji Pallonji Group, which has interests in Construction, Real Estate, Infrastructure and TEXTILES.

Growth in Tata Sons, India's largest business Group, has slowed in recent years, with turnover falling to $ 103 billion last Fiscal year from. $ 108 billion the previous year.

ผลลัพธ์ (ไทย) 3:

Indian Business Giant Tata Sons Removes Chairman Cyrus Mistry.Associated Press Oct. 25 2016,,Cyrus P. Mistry.Rajanish Kakade - AP.The conglomerate comprises more than 100 companies including Steel, Tata, Motors Tata, Power Tata and the, IT giant Tata. Consultancy Services.(NEW DELHI) - The board of directors of Tata Sons on Monday removed Cyrus P. Mistry, as chairman four years after he took. The reins of India "s largest conglomerate.The board named former group chief Ratan Tata as interim chairman and set up a panel to choose a new chairman.Tata Sons owns the Jaguar and Land Rover brands as well, as Tetley Tea. It is one of India "s oldest industrial houses and. Comprises over 100 companies including Steel, Tata, Motors Tata Tata, Power and the, IT giant Tata Consultancy Services.The company did not give any reasons for Mistry "s surprise removal."The Committee has been mandated to complete the selection process in four months," the company said in a statement.,, Mistry 48 is the youngest son of, Pallonji Mistry whose family is the largest individual shareholder in Tata Sons with. An 18 percent stake. He previously was managing director of the Shapoorji, Pallonji Group which has interests, in construction. Real estate infrastructure and, textiles.Growth in Tata Sons India ", s largest, business group has slowed in recent years with turnover, falling to $103 billion. Last fiscal year from $108 billion the previous year.