Tata Group Chairman Ann Chandrasekharan completes 1 year, these are big achievements - watsupptoday.com
Tata Group Chairman Ann Chandrasekharan completes 1 year, these are big achievements
Posted 21 Feb 2018 03:15 PM

Agencies
The first year of the first non-Parsi chairman N Chandrasekharan of Tata Group is being completed today. He became the Chairman of Tata Sons on February 21, 2017 a year ago. N Chandrasekharan does not appear much in front of the media compared to former Tata Sons chairman Ratan Tata. The head of the 150-year-old Tata Group can be satisfied that in the first year of his tenure, he has taken the situation better after the removal of the predecessor Cyrus Mistry. It is believed that their second year will start with the group's largest domestic acquisition of Bhushan Steel. They are also known as Chandra.

Chandrasekharan took over the responsibility of this $ 105 billion group from the salt to the software, but after the removal of Mistry, the group was facing a lot of crisis. Mistry was removed on October 24, 2016. Before that, Chandrasekharan was the managing director and chief executive of the Tata Group's flagship company TCS. The market capitalization of TCS is around six lakh crores.

In the last one year, Tata Group's companies increased market cap 1.25 lakh crores During this time, Tata Steel, Titan, Tata Global Beverages, Indian Hotels, Voltas and Trent gained a lot. He made a big deal in September 2017 with Thaisenkrap. A source from Bombay House said that in the first year Chandrashekaran has resolved the issue of inherited issues such as the Tata Teleservices-NTT Docoma dispute, the restructuring of Tata Motors' domestic operations and the disinvestment of the European operations of Tata Steel's losses. The source said that acquisition of Bhushan Steel, which is trapped in the crisis at the beginning of the second year, can be acquired for Rs 36,000 crore.

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