News: Tata's Mistry man: Tightening belts as more frugal era begins

C-Suite

Tata's Mistry man: Tightening belts as more frugal era begins

As Ratan Tata strode the halls of the Geneva Motor Show in March, joking with journalists and chatting with auto industry leaders, his successor at the helm of India’s biggest business group stood silently on the sidelines.

As Ratan Tata strode the halls of the Geneva Motor Show in March, joking with journalists and chatting with auto industry leaders, his successor at the helm of India’s biggest business group stood silently on the sidelines.

Shunning the spotlight since taking charge of the $100 billion Tata group in December, 44-year-old Cyrus Mistry has focused on belt-tightening at a conglomerate left bloated by explosive growth under his predecessor.

“Ratan was much more...strategic, more over-arching. He’s much more focused. The CFOs as well as the business heads are going to find it a much more rigorous exercise,” a director who sits on multiple Tata company boards told Reuters.

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Topics: C-Suite, #Updates

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