Mumbai: Tata Group Chairman Ratan Tata on Friday said his successor Cyrus Mistry has the capacity and ability to lead the group in the years to come.
Mistry was appointed as deputy chairman of Tata Sons last November and he will succeed Ratan Tata by December.
"In my view Cyrus embraces all the ethical values on which the Tata Group is built," Ratan Tata told shareholders at the annual general meeting of TCS here this evening.
"I feel confident that Cyrus has the capacity and the ability to lead this group in the years to come and face the challenges," he added.
Mistry and former State Bank chairman Omprakash Bhatt were recently inducted onto the board of group company TCS.
First Published: Friday, June 29, 2012, 20:45