Cyrus Mistry’s honeymoon is over. After barely three months in the hot seat, the 44-year-old chairman of the Tata group is already squaring up to the biggest challenge of his tenure. The group’s $26 billion sprawling steel operations are in deep strife, especially across Europe. For the next two years, there’s very little scope for a recovery. An asset sell-off is on the cards—but that’s unlikely to generate cash in a depressed market.
(This story appears in the 19 April, 2013 issue of Forbes India. To visit our Archives, click here.)
\"the Tata group is already squaring up to the biggest challenge of his tenure\" What? he is just three months into his job. And you are already talking about the biggest challenge of his tenure?
on Apr 6, 2013I think next story will be on Tata Communications ltd ...as the company is showing similar signs of trouble and even Docomo not increasing their stake shows the disbelief on the ongoing and future business model of the company . It will be another problem child cyrus mistry need to immediate look out .
on Apr 5, 2013