Latest news with #CyrusMistry
Economic Times
12-06-2025
- Business
- Economic Times
How Cyrus Mistry helped TCS unlock USD1 billion
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity Cyrus Mistry wanted TCS to tap into Tata Group's business. In FY14, the company made INR197.71 crore in revenue, including reimbursements, from Tata Group. By FY17, that amount had grown to INR2,400 crore. Here's how TCS worked its way deeper into Tata Group's business. Is Zomato under siege? Quick commerce may be the next telecom The aggressive expansion of Blinkit is FONT SIZE SAVE PRINT COMMENT Refer & Earn
Time of India
11-06-2025
- Business
- Time of India
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity Getty Images Cyrus Mistry (R) and N Chandrasekaran (L) during the TCS AGM in Mumbai in 2013. Synopsis Cyrus Mistry wanted TCS to tap into Tata Group's business. In FY14, the company made INR197.71 crore in revenue, including reimbursements, from Tata Group. By FY17, that amount had grown to INR2,400 crore. Here's how TCS worked its way deeper into Tata Group's business. By JOCHELLE MENDONCA 4 Mins Read, Jun 12, 2025, 05:00 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close For years, Tata Consultancy Services (TCS) – the crown jewel of the Tata Group – built its fortune servicing global giants. But quietly and steadily, its fortunes within the family have been rising too. Cyrus Mistry's tenure as the head of Tata Sons may have come to a contentious end, but a move he put in motion now yields close to USD1 billion of annual revenue. Mistry wanted TCS to tap into the Tata Group's vast internal ecosystem for more
Economic Times
11-06-2025
- Business
- Economic Times
How a nudge from Cyrus Mistry helped TCS unlock a USD1 billion opportunity
For years, Tata Consultancy Services (TCS) – the crown jewel of the Tata Group – built its fortune servicing global giants. But quietly and steadily, its fortunes within the family have been rising too. Cyrus Mistry's tenure as the head of Tata Sons may have come to a contentious end, but a move he put in motion now yields close to USD1 billion of annual revenue. Mistry wanted TCS to tap into the Tata Group's vast internal ecosystem for more
India.com
11-06-2025
- Business
- India.com
New director, new board, new ideas, Rs 300000000000..., this Ratan Tata's company gets ready for..., name is...
New director, new board, new ideas, Rs 300000000000..., this Ratan Tata's company gets ready for..., name is... Tata Sons, the main holding company of the Tata Group, is about to see some important changes. A few board members are set to retire soon, and new members will be brought in to take their place. These changes are expected to bring fresh ideas and energy into the company. Along with this, Tata Sons is also planning a big investment of Rs. 30,000 crore (around USD 3.5 billion) into its growing businesses. According to a report in the Economic Times , Ralf Speth, the former CEO of Jaguar Land Rover, might retire soon as he is turning 70. He joined the Tata Sons board in 2016, the same year when Cyrus Mistry was removed as chairman. Another board member, Leo Puri, stepped down in April this year. Reports say that at least one of the two vacant positions may be filled by a senior executive from one of the Tata Group companies. Who might join the board? TV Narendran, the current CEO and MD of Tata Steel, is said to be a strong candidate for the board. However, Tata Sons has not officially commented on this matter yet. Another board member, Ajay Piramal, may also step down next year as he turns 70. Piramal has been on the board since August 2016. Tata Sons follows an internal policy where people in executive roles retire at 65, while those serving on the board can remain until the age of 70. These upcoming exits and appointments are expected to significantly change the board's makeup — a board originally restructured by Ratan Tata after the removal of Cyrus Mistry. Rs. 30,000 crore investment plan Tata Sons is preparing to invest Rs. 30,000 crore in new business areas. This includes companies like Tata Digital, Tata Electronics, and Air India. A large part of this investment will also go into the defence sector and battery production units. Company officials have said that the defence business is now a key priority. This fresh funding will be in addition to the Tata Group's earlier commitment of investing USD 120 billion in new businesses over the past few years. Application to RBI for delisting Tata Sons has also applied to the Reserve Bank of India (RBI) to give up its registration certificate. The company has already cleared over Rs. 20,000 crore of debt. This move ensures that Tata Sons will remain a private company, meaning its shares will not be traded on the stock market.
Time of India
06-06-2025
- Time of India
After 600cr highway overhaul, safety fix for Mistry accident site
Vasai: The accident site where former Tata Sons chairman Cyrus Mistry lost his life will now be marked as a 'go-slow and no-overtaking zone' -- measures being proposed only after the completion of a Rs600 crore white-topping project on the Mumbai-Ahmedabad National Highway (NH48). Ironically, this high-risk stretch -- known to locals as a "black spot" -- was already notorious for its hazardous design. It lies near Charoti flyover, where three highway lanes suddenly merge into a two-lane bridge over the Surya river in just 500 metres. Despite the obvious risk, no safety modifications were made during the highway overhaul. These observations have now been flagged by third-party safety auditor Geo Designs & Research, appointed by NHAI after public pressure mounted following multiple fatal accidents, including Mistry's. The safety audit only came after activist Mayur Thakur from Bhumiputra Sanghatna went on an indefinite hunger strike demanding urgent scrutiny of NH48. "We've submitted the audit report to the Palghar collector and are finalising cost estimates for implementing the corrective measures," said Suhash Chitnis, NHAI project director. He acknowledged that the audit was initiated by NHAI following demands from the activists. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo But the timing has sparked outrage. "Why was Rs 600 crore spent on the road without first fixing known design flaws?" questioned activist Harbans Singh Nanade. "What were the NHAI engineers doing while fatal crashes kept happening? Now, after public protests and preventable deaths, we're back to square one with fresh estimates and retroactive fixes." Thakur, who led the hunger strike, expressed disbelief: "NHAI always claimed the highway was safe. Now suddenly, two new black spots have been identified and by an external auditor, not NHAI itself. This just proves that the agency failed to act when it mattered most." The audit report recommends not only go-slow markings and no-overtaking signs, but also metal crash barriers, rumblers, and other measures to curb speeding -- steps that could have been integrated into the white-topping project from the beginning. Activists argue that had these recommendations been acted upon proactively, taxpayers' money could have been better spent, lives could have been saved, and public trust in infrastructure agencies might not have eroded so deeply. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
