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EGMs of Tata companies: Some reflections
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Chandra's new orbit

Tata Sons' chairman must be his own man

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Business Standard Editorial Comment

Business Standard Editorial Comment  |  New Delhi 



The selection of Natarajan Chandrasekaran as the next executive chairman of Tata Sons should come as a big relief to thousands of shareholders of group companies who have been mere witnesses to an embarrassingly public slugfest between his two predecessors. Mr Chandrasekaran has several things going for him. He has an impeccable track record as the head of the Tata group’s most profitable company that accounts for 60 per cent of the conglomerate’s combined market capitalisation of $116 billion, besides contributing 70 per cent to Tata Sons’ revenue. Second, Mr Chandrasekaran may be the first non-Parsi head of the Tata empire, but he is the quintessential company man as a 30-year veteran with a clean image. In that sense, he knows by heart the “Tata culture and ethos” that Ratan Tata was looking for — something an outsider with a much bigger global profile would have taken the time to absorb.

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First Published: Sun, January 15 2017. 22:45 IST

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