Tata’s Mistry man tightening belts as more frugal era begins

As Ratan Tata strode the halls of the Geneva Motor Show in March, joking with journalists and chatting with auto industry leaders, his successor at the helm of India’s biggest business group stood silently on the sidelines.

Shunning the spotlight since taking charge of the US$100 billion (HK$776.3 billion) Tata group in December, 44-year-old Cyrus Mistry has focused on belt-tightening at a conglomerate left bloated by explosive growth under his predecessor.

via Business feed http://www.scmp.com/business/companies/article/1247322/tatas-mistry-man-tightening-belts-more-frugal-era-begins