Tata’s choice of chairman preserves Parsi tradition

The days when Mumbai’s Parsi community dominated a city they helped to build may have faded, but the rise of Cyrus Mistry to the helm of the Tata Group reinforces the clout it wields in some of India’s biggest conglomerates.
Mistry’s selection as chairman-designate of India’s biggest corporate house keeps the group close to the founding Tata family as he is a member through the marriage of his sister. The choice also keeps the business in the hands of the close-knit community which is as old as the city itself.
From shipyards to textile firms, Mumbai’s Parsis, descendants of Persians who first landed in India in the ninth century, led the city’s commercial development from sleepy fishing islands to one of Asia’s business capitals.
Big business houses led by the Tata, Godrej and Wadia families keep that tradition alive today.

Click Here for more

Courtesy : Jehangir Bisney

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.