Lord Kumar Bhattacharyya, a member of the panel that chose Cyrus Mistry as the next chairman of the Tata group of companies, said that the “same charitable culture” will continue in the company.
An IIT alumnus, Lord Bhattacharyya heads the influential Warwick Manufacturing Group based at the University of Warwick, and has held several positions in trade and industry, including as a scientific adviser to the South African government.
Known to be a close friend and adviser to the outgoing chairman, Ratan Tata, Lord Bhattacharyya told The Sunday Times that there will be very little change in the Tata group’s strategy or its philanthropic principles.
“Ratan Tata is passionate about British manufacturing,” said Lord Bhattacharyya. “There will be no change. It will be the same culture, the charitable culture.”
Tata is set to retire in December, when Mistry will take over as his successor.
In a report titled, “Tata’s British empire”, The Sunday Times noted that the Tata group is now Britain’s biggest manufacturer, with 50,000 employees working for 19 companies.