Russi Mody, the former Tata Steels Chairman died
Russi Mody, a Padma Bhusan awardee and management guru who headed Tata Steel died in South Kolkata at the age of 96.
Russi Mody the former Chairman of Tata Steels (formerly called TISCO) died on 16 May 2014 in Alipore in South Kolkata. He was 96. Fondly called the Grand Old Man of Steel, he was known for his man management.
Born to Sir Homi Mody and Lady Jerbhai on 17 January 1918, Mody did his schooling from Harrow School in England and college from Christ Church College, Oxford.
He joined TISCO in 1939 and became a director at Tata Iron & Steel Company (TISCO) at the age of 35. He became a Managing Director of the steel company in 1974. In 1984, he succeeded JRD Tata as the Chairman and Managing Director of the Tata Steels.
In 1993, at the age of 75 he was forced to resign due to conflict with JRD Tata successor Ratan Tata with whom he later made peace. After resigning from Tata Steels, he tried to start a global trading house called Mobar with less success. Later he was appointed as the Joint Chairman of the Air India and Indian Airlines by then P V Narasimha Rao Government.
He was awarded Padma Bhushan in 1989 by the Government of India for his contribution to the Indian Industry.