Revelation in the Biography
After Ratan Tata’s demise, Noel Tata was appointed as the chairman of Tata Trust. This trust indirectly controls the Tata Group, worth 165 billion US dollars. The book reveals that in March 2011, several candidates, including Noel Tata, were interviewed to succeed Ratan Tata. However, Ratan Tata decided to stay away from the selection committee. Later, he regretted this decision.
Kept Himself Away from the Selection Committee
According to the book, Ratan Tata kept himself away from the selection committee because there were several candidates from within the Tata Group. He wanted to ensure that the collective body would suggest one of them based on consensus. The second reason was personal. It was widely believed that Noel Tata was the natural successor, and Ratan Tata did not want to be seen as opposing him.
From Childhood Loneliness to Becoming Chairman
The book provides a detailed account of Ratan Tata’s journey from his lonely childhood to becoming the chairman of Tata Trust in 1991. It includes his Nano project, the acquisitions made by Tata Steel Limited, and the removal of Cyrus Mistry as chairman, among other previously unpublished details.
Even a Son Would Not Have Inherited the Legacy Automatically
According to the book, Ratan Tata believed that only talent and merit mattered. He did not want Noel Tata to be seen as his opponent if he was not selected as his successor. Ratan Tata had said that even if he had a son, he would have ensured that his son would not have become his successor automatically.