Mr. Cyrus Mistry who is taking charge as the chairman of Tata Sons will no longer serve as the Chairman of Tata Sons and the major Tata companies like Tata Motors, Tata Global Beverages, Tata Steel, Indian Hotels, TCS and Tata Power.
In the recent Board meeting the board members have decided to eliminate Cyrus Mistry as the chairman of major Tata companies. However it is not in the agenda of the meeting but the members have come to a decision to let down Cyrus Mistry as a chairman. But the reasons for letting down Cyrus Mistry are still unknown and Ratan Tata has taken charge as the chairman temporarily.
In the 142 years of Tata’s journey Mistry became the second person from outside Tata family to head the group for only four years which is one of the shortest tenures for a Tata group head