Newly-appointed Chairman of the Tata Group Cyrus P. Mistry, who took over on Monday, has said that salt-to-software conglomerate would widen its “deep global engagement” and focus on markets other than India, even as it readies a Rs. 45,000-crore investment plan across its various businesses in the country.
In his first message to the company’s employees, Mr. Mistry also said the ‘core of the Tata Group would remain unchanged despite leadership changes’ and asked group companies to play leadership roles in their respective businesses.
“Handing over the responsibility of Chairmanship brings with it winds of change, but the core of Tata will remain unchanged...without this core DNA that is uniquely Tata there is nothing to differentiate us from our peers,” he said.
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Mr. Mistry succeeds as the head of the Group having taken over from Ratan Tata, who retired last month after heading the group as Chairman for 21 years. Mr. Mistsry also expressed confidence in the growth story of India and said that the government’s recent effort towards reform and policy stability was encouraging.
“With a sustained focus on policy stability and implementation, I believe that India will continue to be an attractive investment destination. I look forward to our Group playing its role in continuing to invest in the India growth story,” he said