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Wednesday, Oct 20, 2021
Outlook.com

Motor With A Slow Pick-Up

Except software, the Tata Group is doing badly in most sectors. Three years on, it’s a ‘B’ in Cyrus Mistry’s copybook

Motor With A Slow Pick-Up
Motor With A Slow Pick-Up
outlookindia.com
-0001-11-30T00:00:00+05:53

A bunch of Bombay Gymkhana regulars recently let on that they refer to Tata Group chairman Cyrus Mistry as ‘the ghost’—he rarely makes an appearance and if he does at all, few get to know about it. True to form, this sob­riquet—along with another one, ‘the invisible’—is popular among employees of India’s second-largest conglomerate, with interests in coffee to cars and steel to software. In the three years that Mistry has been at the helm, he has been working quietly without a public face. Few know of his strategies beyond the immediate team. He doesn’t give media interviews as a matter of course—and his team declined to speak for this story.

Perhaps this reluctance to engage has something to do with not having a great story to tell. In these three years, Mistry has no big success story; the period has been marred by bad performances across the sprawling group. There have been no big bang announcements, no acquisitions and no disruptive moves. At best, Mistry has chosen to devote time to consolidate...

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