1. First non-Parsi chairman, N Chandrasekaran takes over Tata Group tomorrow

First non-Parsi chairman, N Chandrasekaran takes over Tata Group tomorrow

Chandrasekaran has his task cut out as the new Chairman of Tata Sons.

By: | Mumbai | Updated: February 20, 2017 4:22 PM
Popularly known as 'Chandra', the 54-year-old will be the first non-Parsi chairman of the 150-year old Tata Group. (Express Photo) Popularly known as ‘Chandra’, the 54-year-old will be the first non-Parsi chairman of the 150-year old Tata Group. (Express Photo)

Tata Group will enter a new era tomorrow as N Chandrasekaran takes over as chief, hoping to put behind an acrimonious boardroom battle that saw the ouster of Cyrus Mistry as Tata Sons Chairman. Popularly known as ‘Chandra’, the 54-year-old will be the first non-Parsi chairman of the 150-year old Tata Group. A man known for making India’s largest software exporter TCSBSE 2.03 % what it is today, Chandrasekaran has his task cut out as the new Chairman of Tata Sons. Popularly known as ‘Chandra’, the 54-year-old will be the first non-Parsi chairman of the 150-year old Tata Group. A man known for making India’s largest software exporter TCS BSE 2.03 % what it is today, Chandrasekaran has his task cut out as the new Chairman of Tata Sons — the promoter firm of many of the operating Tata group firms.

Last week, Chandrasekaran had described his new assignment as “a very big job” with a large canvas, where there were “challenges and opportunities”. He had hoped that he could “make an impact and make a difference”. As he steps into the role of the head of the $103 billion conglomerate, many immediate pressing issues will greet him. One of his major focus areas will be the European operations of Tata Steel, particularly in the UK which has become a drag to the group after the unsuccessful acquisition of Corus. While Tata Steel has already started selling assets in the UK, Chandra will have to decide how much assets are to be put on the block and how much could be turned around, especially keeping in mind the implications of Brexit.

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..One of his major focus areas will be the European operations of Tata Steel, particularly in the UK which has become a drag to the group after the unsuccessful acquisition of Corus. While Tata Steel has already started selling assets in the UK, Chandra will have to decide how much assets are to be put on the block and how much could be turned around, especially keeping in mind the implications of Brexit. He has important tasks cut out for him after Cyrus Mistry proved to be a low performer.

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