Bloomberg News

Ajay Piramal Says Filling Ratan Tata’s Shoes Is ‘Challenging’

November 23, 2011

Nov. 23 (Bloomberg) -- Ajay Piramal, chairman of Piramal Group, comments on Tata Sons Ltd. naming Cyrus P. Mistry, the son of its biggest shareholder, as successor to Chairman Ratan Tata. He spoke in an interview with Bloomberg UTV.

“It’s a good choice. The most important thing is that he is the single largest shareholder. That means his commitment to the growth of Tata Sons is higher than anybody else’s.

‘‘It’s always very challenging to fill the shoes of as successful a leader as Ratan has been. When Ratan Tata was chosen as the chairman there was also a question mark. People were wondering whether he will be successful or not. But results have shown that he was able to take the Tata Group to another level. Cyrus will do the same and build on the great foundation that he is going to inherit.

‘‘India is becoming younger and the world’s leadership is with young people.”

--Editor: Abhay Singh

To contact the reporter on this story: Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net -0- Nov/23/2011 13:52 GMT


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