 "Chandra takes charge: New Tata Sons Chairman N Chandrasekaran with Ratan Tata at Bombay House. The latter quit the board on Tuesday.")
Tata Sons Chairman N Chandrasekaran, who took charge on Tuesday, vowed to bring “more vigour” to the group’s capital allocation policy to enhance shareholder value. On Day One, the new chairman promised to make the group companies leaders in their respective fields instead of being followers.
But 54-year-old Chandra, as he is popularly known, is taking over the group when it is passing through a tough time in terms of returns on capital and cash generation. Tata Teleservices, Tata Motors’ domestic passenger vehicle business and Tata Steel lag in their respective sectors. Chandra is likely to take the issues head
