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Winds of change: Tatas may prune units in a year; no plan to cut staff

$104-bn group is again in consolidation phase under Chandrasekaran, who took over as chairman in Feb

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Tata Sons

Nivedita Mookerji & Krishna Kant  |  New Delhi/Mumbai 



N Chandrasekaran
Tata Group Chairman N Chandrasekaran

Cyrus Mistry spelt out his intention to consolidate the group soon after taking over as chairman in December 2012. Reports show that as early as February 2013, at a board meeting, he had said consolidation was the only way forward. Then in a June 2016 board meeting — four months before being ousted — Mistry proposed consolidating the businesses under eight verticals. The plan never took off.

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First Published: Mon, August 07 2017. 01:51 IST

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