[QODLink]
Asia

India's Tata passes baton to next generation

Ratan Tata, who transformed Tata group into $100bn global giant, hands over reins to Cyrus Mistry.
Last Modified: 28 Dec 2012 20:50

Ratan Tata, one of India’s most respected industrialists and head of India’s largest company, TATA, has finally handed over the baton to the next leader.

In the 22 years that he has been at the helm, Tata helped increase the company's turnover by twenty fold to $100bn a year and transformed it into a global giant.

Cyrus Mistry, who is related to Tata family through marriage, will take over as the next chairman, but it will be difficult for him to fit in Tata’s shoes.

Al Jazeera's Divya Goplan reports from New Delhi.

93

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
Your chance to be an investigative journalist in Al Jazeera’s new interactive game.
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Featured
Private citizens take initiative to help 'irregular' migrants, accusing governments of excessive focus on security.
Indonesia's cassava plantations are being killed by mealybugs, and thousands of wasps will be released to stop them.
Violence in Ain al-Arab has prompted many Kurdish Syrians to flee to Turkey, but others are returning to battle ISIL.
Unelected representatives quietly iron out logistics of massive TPP and TTIP deals among US, Europe, and Asia-Pacific.
Led by students concerned for their future with 'nothing to lose', it remains to be seen who will blink first.