On his 75th birthday, global-business star Ratan Tata leaves his position as Tata Group’s CEO

Ratan Naval Tata, celebrating his 75th birthday today, made the local Indian Tata Group expand to become a major global player in many industries. Over his more than two decades as the Tata Group’s CEO, he steered his corporation through hundreds of takeovers. Some of the companies concerned, flagships of the British Empire at their time, stand out in this crowd: Corus (formerly British Steel, now Tata Steel Europe), Jaguar Cars, Land Rover, and Tetley.

Today, Tata Group with its staff of nearly half a million people generates roughly $100bn annual revenue, of which around 60% come from its overseas acquisitions.

As of today, Tata’s position at Tata Group’s rudder passes to Cyrus Pallonji Mistry (44), whose father Pallonji Shapoorji Mistry is, with an 18.4% share, the largest individual shareholder of Tata Sons, the company controlling the whole conglomerate. Both are descendants of Persians.

Translated by Lingvus

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