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Could have never imagined such a thing ever happening in prestigious Tata Companies.
From History of Indian Corporate world
Epic Proxy War in Swadeshi Polytex
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November 12, 2016
Will Tata Empire Split in to Two ?
Ratan Tata has , recently ,returned as Chairman Tata Sons. He again faces the same No. 1 challenge as he faced when he first took charge as the Tata chief 1991- to reign in chiefs of the various Tata Companies. The chiefs had a tendency to grow more powerful and independent for Tata Sons' comfort.
In 1991 , it was Rusi Mody in Tata Steel, Darbari Seth in Tata Chemicals , Ajit Kelkar in Indian Hotels etc
Ratan Tata rose to the occasion. SATRAPS , as they were then called in corporate jargon were neutralised and the writ of the paent Tata Sons was made to run supreme.
In 2016 , again , Tata Sons may have felt uncomfortable about losing their supreme role.
Companies in the fore , being mentioned , are Indian Hotels , Tata Chemicals .
But this this time Ratan Tata 's task is not as simple.
( a )He , now , has to contend with two financially Juggernaut fellow Parsi families of Pallonji Mistry and Nusli Wadia ( of Bombay Dyeing group ).
The parallels with Mughal times are striking ( block buster Mughl-e- Azam movie was produced by Cyrus Mistry 's father ) .
Mughal's Central authority was centred around Agra/ Delhi. Mughl-e-azam , Akbar represented the centripetal forces and his writ reigned supreme.
Mughals after Aurangzeb saw the rise of centrifugal forces. Erstwhile governors of Bengal , Deccan ( Nizam ) were becoming independent.
Tata s are , also ,facing the challenge of controlling individual Tata Companies with small ( below 50% equity
Probably , they have yet to shed off completely their mind sets of Managing Agency times .
Cyrus Mistry , it seems , represented the present times when , for example , it is more important to first share informationwith SEBI / Stock Exchanges than with Bombay House.
Cyrus Mistry's Ouster -Tata Minority Shareholders Object -- ET Link
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Blog : On a general level , Minority / Non Promoter Shareholders Activism ,in any Company or any Group , is a very welcome development
. Investors are waking up to their rights.
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )
October 25, 2016
Tata -e-Azam Cyrus Mistry Dethroned
Mughal-e-Azam of Present Day Corporate Empire - Tata s Salim Vs. Akbar.
Is Tata Docomo deal the Anarkali ?
Tata-e-Azam - Dethroned -----------
2012 Post of CA Vineet Gupta ( FB )
Mughal-E-Azam (English version : The Greatest of the Mughals) is a 1960 Indian period epic film directed by K. Asif and produced by Shapoorji Pallonji under the banner of Sterling Investment Corporation. which with a budget of Rs 1.5 crore was the most expensive films of that time. Decades later the third generation Shapoorji Pallonji Mistry in 2003 again funded a Rs 5 crore project for restoring the film in color. Cyrus Pallonji Mistry is the youngest son of Irish construction magnate Pallonji Mistry. Mistry has been appointed as the Chaiman of the Board of Tata Sons with effect from December 28 2012…..today…
Caution :The blog writer has personal/ family members' holdings in these companies , so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )