The 143-year-old TATA group has more than 100 companies in more than 80 countries, employing 425,000 people with a value of about $98bn, and has interests including telecoms, engineering and science.
RM Lala, (written a book on the Tata group), said he was "a little surprised" by Mr Mistry's appointment. He said "I expected a Tata name to be there. But if the new successor sticks to Ratan Tata's principles, it won't affect the group,".
Tata Steel, for example,
The first company began the eight-hour work day for employees in 1912, long before the US or Europe,
Introduced leave with pay in 1920, (it became law in India after 25 years)
Provident fund introduced for employees in 1920, (it became law in India after 32 years).
In India; when you wake up; you may drink tea of Tata Brand, you may make calls using mobile phone (of Tata's) and take a sedan (of Tata's) or take a Tata bus to work. Your home kitchen may be stuffed with goods produced by Tata or its subsidiary companies. Your house may be powered by Tata electricity. Your kids or grand children may be employed in Tata Companies or your kids may be going for higher studies at a social science or science school run by the Tata's. Also there is a big chance; you will be wearing costumes sold by Tata. Your family may be watching Tata-sky; also there are possibilities you may go-to Tata Hospital when you fall sick.
There is no other Indian business conglomerate which quite dominates the lives of Indians the way Tata Group does.
Tata Group acquired Jaguar, Land Rover, Chorus, hotels in US and plotted a coffee plant in Uganda.
Build a new undersea submarine cable linking India, the Middle East and Western Europe. Signed deal with China's software company in collaboration with the Chinese government and Microsoft.
For now, Only few companies in India or Asia can match Tata for the range of goods and services it offers.
RM Lala, (written a book on the Tata group), said he was "a little surprised" by Mr Mistry's appointment. He said "I expected a Tata name to be there. But if the new successor sticks to Ratan Tata's principles, it won't affect the group,".
Tata Steel, for example,
The first company began the eight-hour work day for employees in 1912, long before the US or Europe,
Introduced leave with pay in 1920, (it became law in India after 25 years)
Provident fund introduced for employees in 1920, (it became law in India after 32 years).
In India; when you wake up; you may drink tea of Tata Brand, you may make calls using mobile phone (of Tata's) and take a sedan (of Tata's) or take a Tata bus to work. Your home kitchen may be stuffed with goods produced by Tata or its subsidiary companies. Your house may be powered by Tata electricity. Your kids or grand children may be employed in Tata Companies or your kids may be going for higher studies at a social science or science school run by the Tata's. Also there is a big chance; you will be wearing costumes sold by Tata. Your family may be watching Tata-sky; also there are possibilities you may go-to Tata Hospital when you fall sick.
There is no other Indian business conglomerate which quite dominates the lives of Indians the way Tata Group does.
Tata Group acquired Jaguar, Land Rover, Chorus, hotels in US and plotted a coffee plant in Uganda.
Build a new undersea submarine cable linking India, the Middle East and Western Europe. Signed deal with China's software company in collaboration with the Chinese government and Microsoft.
For now, Only few companies in India or Asia can match Tata for the range of goods and services it offers.