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Cyrus Mistry – the Mysterious Sacking of an Industrialist
People Matters
|November 2016
In 2012, Cyrus Mistry was chosen to lead one the largest global conglomerates, the TATA group, and take it to greater heights. Four years down the line, his mysterious exit has the entire nation speculating.
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This is the corporate show of the year. Cyrus Pallonji Mistry, an unassuming man within Tata was pushed into the limelight when he was chosen to succeed Ratan Tata who retired in 2012 as the chairman of one of the country’s oldest business empires. And in a dramatic development, Mistry, has been ousted as the chairman of Tata Sons by the Tata Sons Board. But it is not only the unprecedented & unexplained exit of the chairman of India’s oldest business empires that makes him the lead story of newspapers or magazines; it is the nature of the exit that is startling. Dismissal of the chairman of a leading conglomerate with a century legacy “without explanation and affording him an opportunity to defend himself” as mentioned by Mistry i
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