Cyrus Mistry says he was shocked when the Chairman of Tata Group decision came on Monday. after Two days He accuses Tata Group Management of dismissing him as chairmen is totally wrong scenario. He claims that without giving an oppertunity to defend himself. there is no chance afterserved pink slip to him.
In his email sent to the Board of Directors, Cyrus told he has inherited only a 5 unprofitable and debt-laden businesses Tata Motors Ltd, Tata Steel Ltd, , Indian Hotels Co, Tata Tele Communications & Tata Power. He informs the situation hasn’t improved even after investement Rs 1.96 trillion in these businessand amount to the tuned of Rs 1.18 trillion ($18 billion) have been written down over a period of time.