Ratan Tata, the outgoing chairman of over USD 80 billion conglomerate, on Thursday introduced his successor Cyrus P. Mistry to the Gujarat Chief Minister Narendra Modi during a courtesy visit at his residence in Gandhinagar, a top state official said.
“Mistry has evinced interest in strengthening business ties with Gujarat,” official sources said.
The 43-year-old Mistry, the son of Pallonji Mistry, Chairman of the Shapoorji Pallonji Group that holds 18 per cent stake in Tata Sons, holding company of Tata Group, will take over the reins from Tata after he retires in December, 2012.
On invitation of Gujarat government, Tata Motors had relocated the mother plant of Nano to Sanand from Singur in West Bengal in 2008, after it faced stiff opposition there.
The Tata group companies like Tata Chemicals Limited and Tata Consultancy Services already have operations in Gujarat, while Tata Power Limited is setting up an ultra-mega power plant at Mundra in Kutch district.