Cyrus Mistry, the Chairman-designate of Tata groups was appointed as an additional director on the board of Tata Steel on 21 May 2012. Mallika Srinivasan, Chairperson of Tractors and Farm Equipment Limited (TAFE), was also appointed on the company’s board as an additional director.
Mistry, currently the Deputy Chairman of Tata Sons, will take over reins of the billion dollar conglomerate in December 2012, when Ratan Tata is slated to retire. He started his business career with his family business. In year 1991 he joined the board of Shapoorji Pallonji and Company as Director was later uplifted to the position of Managing Director of the group in 1994. At present he is serving as the director of Tata Industries, Tata Consultancy Services, Tata Power and Tata Teleservices.
Mallika Srinivasan, widely regarded as one of the most successful women CEOs in the country, has taken TAFE to a different level and led it to join the 1 billon dollar league in 2010. The company which had recorded a total of 1.6 billion dollar revenues in the fiscal year 2011-12 is among the three leading tractor manufacturers in the world.
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