Cyrus Mistry often visits Pune where the family’s Shapoorji Pallonji Group owns a mansion at Koregaon Park called the White House for its tall white columns and impressive white façade.
It’s Cyrus Mistry who will step into Ratan N Tata’s shoes to head the $73-billion Tata conglomerate. Much like the legendary JRD Tata, who believed that his protégé Ratan Tata was blessed with a modern mind, it would seem that Mistry’s youth and his closeness to the group tipped the scales in his favour.
When Ratan Naval Tata took over the reins of the Tata empire in 1991 from the iconic JRD Tata at the age of 54, the Tata Group had revenues of just $2 billion.
Cyrus Pallonji Mistry will bring the right mix of expertise and continuity in tradition which are so essential to take forward the over $70-billion salt-to-software conglomerate as it tries to consolidate its position.