We are delighted at the elevation of Cyrus Mistry as eventual Head of the venerable Tata Group. Our best wishes.
Cyrus 's elevation , also , brings great hope to the share holders of Cyrus ' own group ( Pallonji Mistry Group ) listed companies namely Forbes And Co. and Gokak Textiles that there would value unlocking and fair share value appreciation for the investors.
Pallonji Mistry and even Cyrus maintain a very low profile . Now , the whole world's attention is on them . Pallonji Mistry is known as " Phantom of Bombay House ( Tata HQ ). Pallonji ( to the best of our knowledge has foreign nationality - Irish ).Mistrys were producers of the classic Hindi film " Mughal -e - Azam " . Their listed companies Forbes And Co. and Gokak Textiles should , now , deliver better returns for their non promoter share holders ( although the companies are doing well ).
For at least last two consecutive years Forbes And Co. in their Board of Directors has on Agenda for consideration " Dividend " thereby raising hopes among investors only to be told that no dividend.