Cyrus Mistry
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Early life
[ From the archives of the Times of India]
Cyrus P Mistry is a ‘Bombay boy’. He’s the younger son of construction baron Pallonji Mistry, whose net worth is about Rs 38,000 crore ($7.6 bn) and who is the largest single stakeholder in Tata Sons. Cyrus is married to constitutional lawyer Iqbal Chagla’s daughter Rohiqa. Cyrus’ interests include golf, ‘easy listening’ music. Graduated in civil engineering from Imperial College, London in 1990 and acquired an MSc in management from the London Business School in 1997 t He will be the sixth and youngest chairman of the Tata Group, and only the second non-Tata after Sir Nowroji Saklatvala to head the group Building On Family Biz t He joined the board of Shapoorji Pallonji & Co. in 1991 and was appointed managing director of the Shapoorji Pallonji Group in 1994.
He has been on the board of Tata Sons since August 2006 and I have been impressed with the quality and calibre of his participation, his astute observations and his humility. He is intelligent and qualified to take on the responsibility being offered and I will be committed to working with him over the next year to give him the exposure, the involvement and the operating experience to equip him to undertake the full responsibility of the group on my retirement.
A profile
Keeping Tata OK
Because he brought in a whiff of change in the 146-yearold Tata Group, forming a Group Executive Council full of young faces, including Madhu Kannan, previously Bombay Stock Exchange's youngest MD & CEO, and Nirmalya Kumar, a former professor with the London Business School.
Because he followed a more pragmatic approach in his first year in office, doing deals worth only $385 million to focus on consolidation rather than expansion. because he kept Tata Motors running in top gear despite the sudden death of its MD, Karl Slym, in 2014 by forming a Corporate Steering Committee, with himself at the helm, to oversee strategy and key operations.
Brand firstbb
Mistry comes to office in different cars, sometimes even in a Tata Indigo Manza.
Home is...
A sea-facing mansion in Walkeshwar, a 20-minute drive from his Bombay House office at Flora Fountain.
Bookworm An avid reader, he is often seen devouring books on management strategy.
Vision 2025
Under Mistry, the Tata Group will invest $35 billion in the next three years. His grand plan, shared in an internal group conference in 2014, is to make the company among the top 25 in the world over the next decade.
