4941

Ratan Tata steps down as chairman of Tata Power

Ratan Tata will, however, continue to be on the board of firm till his retirement in December
Comment E-mail Print Share
First Published: Thu, Nov 08 2012. 04 56 PM IST
An August photo of (left) current deputy chairman of Tata Sons Cyrus P. Mistry with chairman of Tata Sons Ratan N. Tata at the Tata Global Beverages annual general meeting in Kolkata. Photo: Indranil Bhoumik/Mint
An August photo of (left) current deputy chairman of Tata Sons Cyrus P. Mistry with chairman of Tata Sons Ratan N. Tata at the Tata Global Beverages annual general meeting in Kolkata. Photo: Indranil Bhoumik/Mint
Mumbai: Ratan N. Tata, chairman of Tata Sons Ltd, the holding company of the Tata group, has stepped down as chairman of Tata Power Co. Ltd, the company said on Wednesday.
Cyrus P. Mistry, the current deputy chairman of Tata Sons, has been appointed chairman of the power company starting 8 November. Ratan Tata will, however, continue to be on the board of Tata Power till his retirement in December.
Ratan Tata had joined the Tata group in 1962 when he was only 25 years old. He was appointed the chairman of Tata Sons in 1991. Since then, Tata group companies have made overseas acquisitions, including those of Jaguar Land Rover Plc, Tetley and Corus. He also oversaw the launch of the world’s cheapest car Nano.
Mistry, who takes over from Ratan Tata, was inducted onto the board of Tata Power on 23 December 2011. He also served on the board of Tata Power earlier for 10 years (from 1996 to 2006).
Tata Power is India’s largest integrated power company with a significant international presence. It has an installed generation capacity of 6,899 megawatts in India.
Comment E-mail Print Share
First Published: Thu, Nov 08 2012. 04 56 PM IST
More Topics: ratan tata | cyrus mistry | chairman | jlr | nano |
blog comments powered by Disqus
  • Wed, Jul 16 2014. 06 10 PM
  • Wed, Jul 09 2014. 07 21 PM
ALSO READ close

Defence could be sunrise industry for Indian firms in the next decade: Report

Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2014 HT Media All Rights Reserved