Wednesday, November 23, 2011

Cyrus Mistry to take over from Ratan Tata

        
            Cyrus Mistry, the man tapped as the next chairman of India's Tata Group. Mr. Mistry, 43 years old, is the son of a construction baron who is the largest shareholder in Tata Sons the holding company for the Tata Group's wide-ranging interests that include steel, autos, power, hospitality and telecom.
           Mr. Mistry, a Mumbai native, studied civil engineering at Imperial College in London and management at London Business School before going full-time into Shapoorji Pallonji & Co., the family construction business. His father, Pallonji Mistry, is the largest shareholder in Tata Sons with a roughly 18% stake and has an estimated net worth of $7.6 billion,according to Forbes.

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