Business   

My successor will not be anti-Parsi or pro-Parsi: Tata

Rata Tata

MUMBAI: Tata Group Chairman Ratan Tata on Monday said his successor would neither be pro-Parsi nor anti-Parsi but should be the right person.

“The Tata Group is an Indian Group and we should not be looking (at it) as a Parsi group. The successor should be the right person and anti-Parsi or pro-Parsi,” he told shareholders at Tata Chemicals' annual general meeting (AGM) here.

The market was rife with speculation that the Tata Group's successor will be from among the Parsi community.

Jamsetji Nusserwanji Tata, who was born into a Parsi family, formed the Tata Group in the early years of the last century.

The $71-billion Group has embarked on a global search for a successor to Mr. Ratan Tata, who turns 75 in December 2012. The conglomerate has an official policy of retirement at 75.

Mr. Ratan Tata has been the chairman of the group for almost 20 years now.

Last week, Tata Sons had said its board had formed a selection committee comprising five members, including an external member, “to decide on a suitable successor“. The committee would look at candidates both within the organisation and outside. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

PSEs exempt from 25 % public holding norm
Salem Steel unit on stream
CIL issue slated for launch in Oct
My successor will not be anti-Parsi or pro-Parsi: Tata
Insurance companies told to prune costs
Dr. Reddy's launches anaemia drug
Sensex jumps 143 points
Future Generali to introduce use-based insurance product
Provide exit option for investors, MFs told
Centre clears Rs. 2,300-cr worth FDI proposals
Naru Exports buys Italian co
Jos Alukkas to expand
Exchange Rates
Bullion Rates
Auromatrix forms venture with Mannvit
Supreme Infra profit jumps
3:5 bonus from Arihant Capital
Gayatri projects Q1 net up 26 %
Crisil rating for TMB's deposit programme
P. M. Mathew inducted into FICCI committee
Stephen Magor is GM of Hilton Chennai

Copyright © 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu