Ratan Tata writes to Narendra Modi informing him about Mistry’s exit from Tata Sons

After assuring employees of the Tata Group about the removal of Cyrus Mistry and returning to the helm as interim chairman, Ratan Tata has written to the Prime Minister Narendra Modi informing him about the removal of Cyrus Mistry as a chairman of Tata Sons with immediate effect. "A new management structure is being put in place and a Selection Committee has been constituted to identify the next chairman of Tata Sons," Mr Tata informed PM Modi in the letter. "The committee has been mandated to complete the process in fourmonths," he added.


Ratan Tata will be taking charge of Tata Sons once again and will also be a part of the committee looking for a replacement for Cyrus Mistry.


Big names including Indra Nooyi, N Chandrashekaran and Noel Tata are already floating to head the group. Mistry’s stint was the shortest so far and it was cut short after serving for four years as chairman of the conglomerate and the exit is likely to end in a huge legal slugfest.