Ratan Tata to retire tomorrow, Cyrus Mistry to succeed him
"It was a period of learning, a period of frustrations also from time to time...I tried to uphold the values and the ethical standards that there were.
"I feel satisfied that I have done my best to do what I considered to be the right thing and that has been there throughout."
On his post-retirement plans, Tata, a bachelor, has said he will spend time on technology which is quite a passion with him. He will brush up on his piano, which he learnt as a school boy and pursue flying, apart from his focus on philanthropic activities.
It will be big shoes to step in for Mistry, who joined the Tata group in 2006 as a director. Earlier, he was leading the then over USD 2.5 billion construction giant Shapoorji Pallonji Group as Managing Director.
"Be your own man and be yourself," is the mantra Tata has passed on to Mistry. This is the same counsel he told himself when he took over from JRD.
Prior to the selection of him as Tata's successor in November 2011, he held non-executive position on boards of several other Tata companies.
Born on July 4, 1968, Cyrus Pallonji Mistry completed his graduation in Civil Engineering from the Imperial College of Science, Technology and Medicine, London. He also holds a masters degree in Management from the London Business School and is a Fellow at the Institution of Civil Engineers.
He had joined the Shapoorji Pallonji Group in 1991