Successor won`t be anti or pro Parsi: Ratan Tata
Mumbai: Tata Group Chairman Ratan Tata Monday said his successor would neither be pro-Parsi nor anti-Parsi but should be the right person.
"The Tata Group is an Indian Group and we should not be looking (at it) as a Parsi group. The successor should be the right person and not anti-Parsi or pro-Parsi," he told shareholders at Tata Chemicals` annual general meeting (AGM) here.
The market was rife with speculation that the Tata Group`s successor will be from among the Parsi community. Jamsetji Nusserwanji Tata, who was born into a Parsi family, formed the Tata Group in the early years of the last century.
The USD 71-billion Group has embarked on a global search for a successor to Ratan Tata, who turns 75 in December 2012. The conglomerate has an official policy of retirement at 75.
Ratan Tata has been the chairman of the group for almost 20 years now.
Last week, Tata Sons had said its board had fomed formed a selection committee comprising five members, including an external member, "to decide on a suitable successor".
The committee would look at candidates both within the organisation and outside.
The five-member search panel includes a former Tata Sons vice chairman N A Soonawala and two senior group directors R K Krishnakumar and Cyrus Mistry, and group adviser and lawyer Shirin Bharucha and influential British businessma Lord Bhattacharya.
More from India
More from World
More from Sports
More from Entertaiment
- Over 60 cadets killed in Pakistan police academy attack
- DNA: Exclusive report on the extreme sacrifices made by ITBP soldiers
- Watch: PM Narendra Modi's ''progressive'' remark on triple talaq
- DNA: Terrorists' new strategy of snatching weapons from Indian security personnel
- Panel discussion over delayed development in Ayodhya
- Explosion in Delhi's Naya Bazar, one killed; anti-terror wing, Special cell at spot
- This is why Cyrus Mistry was removed as Chairman of Tata Sons!
- WATCH: Akhilesh Yadav's emotional speech revealing the real reason behind Samajwadi Party crisis; he was about to cry
- Read letters by Ratan Tata to PM Narendra Modi and Group employees after Cyrus Mistry's ouster
- Prompt action on border pushes Pak to offer olive branch, says both sides need to 'formalise' 2003 ceasefire