PTI reported that Mr Cyrus Mistry, the new chairman of the TATA Group, will formally take charge of his office on December 31st Monday.
Mr Mistry, who was appointed chairman to succeed Mr Ratan Tata, is the sixth chairman of the TATA empire.
Sources at the Bombay House, the Group's headquarters, said that "Today and tomorrow being holidays, Mistry will attend office in his capacity as the group chairman only on Monday."
Mr Ratan Tata retired as chairman of TATA Group after a 50 year run yesterday. He, however, did not attend the office on the last day as he chose to celebrate his Diamond Jubilee birthday celebrations at the TATA Motors manufacturing facilities at Pune.
Mr Ratan Tata, who helmed the group for 21 years after being chosen successor by his uncle, the iconic Mr JRD Tata, in 1991, is credited with transforming the group through bold decisions including large global acquisitions, even as some of its peers struggled to stay relevant post economic liberalization.
Mr Mistry, who has been with the group since 2006 in various capacities hails from the Shapoorji Pallonji family, which is the largest private shareholder of the group's holding company TATA Sons.
