Image: Danish Siddiqui / Reuters
N Chandrasekaran, the newly anointed chairman of Tata Sons, the flagship holding company of the $103 billion Tata group feels that he will “grow into this role over a period of time".
Chandra, as he is popularly known, was appointed the seventh chairman of the salt-to-software conglomerate on January 12 after a selection committee constituted to select the new leader of the business group, ratified his name. He is currently the managing director and chief executive of Tata Consultancy Services (TCS), the most valuable and profitable company of the group.
“I feel honoured and overwhelmed because I don’t think anyone can easily get into this great job. This position requires several leadership qualities and compassion,” Chandra said, after the announcement was made public on Thursday. “It is a responsibility that requires binding the group together.”
Chandrasekaran praised the Tata Trusts and the phenomenal work that they have done “very silently over a century in contributing to the society". It is worth remembering that Chandrasekaran’s predecessor Cyrus Mistry, who was sacked on October 24 following a mounting trust deficit with other stakeholders of the group, had alleged undue interference in the operations of the group and impropriety by the trustees of the Tata Trusts, which own 66 percent of Tata Sons.
Driving the Tata group into the future isn’t one man’s job, but the function of collective leadership, Chandra said.