Ratan Tata introduces Cyrus Mistry to Modi

Dec 30 2011, 01:38 IST
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SummaryThe meeting on Thursday, which lasted about an hour, was described as ‘introductory’, while the state information department release said it was a courtesy visit.

The second round of Ratan Tata’s meet-the-politician journey with his successor Cyrus Mistry, saw the Tata Group Chairman meet Gujarat Chief Minister Narendra Modi at his residence in Gandhinagar. Here, Tata ‘introduced’ the 43-year-old Mistry to Modi.

The meeting on Thursday, which lasted about an hour, was described as ‘introductory’, while the state information department release said it was a courtesy visit.

“Ratan Tata introduced Cyrus to the Chief Minister. They expressed interest in the efforts made by Gujarat in energy sector, especially geo-thermal energy. The officials said the group is committed to be a partner in the state’s journey towards progress as well as in development of human resources in the state,” the release said.

Ratan Tata embarked on a trip a week ago to introduce his successor Cyrus P Mistry to the country’s political class. The duo first met Commerce Minister Anand Sharma and Prime Minister Manmohan Singh in New Delhi.

Mistry, 43, son of Pallonji Mistry, Chairman of the Shapoorji Pallonji Group which holds 18 per cent stake in Tata Sons, will take over the reins of the group when Tata retires in December, 2012.

On November 23, Tata Sons had announced that Mistry, former Managing Director at the Shapoorji Pallonji Group, would succeed Ratan Tata to head the over $80-billion conglomerate Tata Group.

Tata Chemicals, Tata Consultancy Services and Tata Motors have their operations in Gujarat, while another group company Tata Power Limited is set to come up with a Ultra Mega Power Plant at Mundra in Kutch district of Gujarat.

Ratan Tata will formally retire in December, 2012, when he turns 75 — the retirement age fixed by the group.

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