Cyrus Mistry Defends Tata Record

Heidi Mystery claims wrongful dismissal from Tata Group, highlighting financial challenges and corporate governance issues. He faced interference from Ratan Tata, affecting his ability to implement changes. Mystery attempted to address financial losses in various ventures, including the Nano car and telecom business, but faced significant obstacles. The ongoing power struggle reveals deeper issues within the company.

What was the main reason for the $18 billion write-downs faced by the Tata Group?

• Unprofitable businesses

• Successful businesses

• Increased market share

• New investments

What was one of the major challenges faced by Mystery during his tenure?

• Support from Ratan Tata

• High employee turnover

• Lack of funding

• Interference from Ratan Tata

What was the financial outcome of the Nano project?

• It was highly profitable

• It broke even

• It consistently lost money

• It was sold to another company

What was the financial implication of the telecom business with NTT Docomo?

• No financial impact

• A successful partnership

• A payment of more than a billion dollars

• A profit of $1 billion

What ongoing issue is highlighted in the final section?

• A resolved conflict

• A power struggle

• A successful merger

• A new business venture