Zee Media Bureau
Mumbai: The Tata Group-Cyrus Mistry battle is digging skeletons out from the Tata Group cupboard, at the same time severely denting the Group's brand image.
The latest arsenal thrown by Cyrus Mistry's office claims that there was a “near death experience' for the group's crown jewel TCS, when Ratan Tata had pitched for selling TCS to IBM.
Tata Sons had said that as Chairman Cyrus Mistry caused ‘enormous harm’ to Tata Group and TCS
Blaming Mistry for not contributing to TCS and JLR success is an "illusion", said the statement, which added that Mistry was a “hands off” Chairman and TCS/JLR were on “auto-pilot” during his leadership.
Tata Sons statement of 10 Nov insinuated that Cyrus Mistry had made no “material contributions” to success of TCS and JLR,which the statement implied were a manifestation of Ratan Tata’s personal vision and efforts. Its important to set record straight since insinuations and leaks are being made explicitly to create an illusion, said the statement from Mistry office