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Wednesday, November 18, 2009

Bidding For A Successor.

The Tatas , the foremost business family of India, is on a look out for a successor to the seventy one year old Ratan Tata.
The Tata group, is known for its business ethics,financial charisma, and its investing affability.
The long standing business house ,the Tatas are formidable for their performance and integrity.
Generally, these two do not go together.
But Tatas made both these principles as their code of conduct.


The Tata conglomerate are into manufacturing all sorts of products.
They are into sugar,salt,tea, coffee, cement,autos, software, jewellery, steel, chemicals,,everything from A to z.
Ratan Tata has acquired Corus Steel , the largest steel manufacturer in the world
He has also made a surprise deal in the Jaguar ,Land Rover acquisition.
This bold move has pinched the Tata's finances,as the recession is underway.
But they have repaid the $3 billion borrowings , in the most difficult circumstances.

Now , the successor to this business empire has to be located.
Ratan Tata, has expressed that there may be a possible reference from the family.
If the candidate is an Indian citizen , it would be far easier to cope up with the Indian business portfolio and the Indian way of conducting transactions.
As of now, the group has gone global and the incumbent could be also an expartiate.


The hunt has taken wings.
The Tatas would certainly embark on a candidate ,worthy to adorn the shining mantle and fit enough to wear the glowing attire.

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