While the row between the Tata Group and ousted chairman Cyrus Mistry continues, the name of the company’s former software unit chief, S. Ramadorai, is doing the rounds as the next chief of India’s largest conglomerate.
According to the Press Trust of India news agency, 71-year-old Ramadorai has resigned as chairman of the government’s skill development agencies — the National Skill Development Agency and National Skill Development Corporation — sparking speculation that he might be headed back to Tata.
Ramadorai, the former head of Tata Consultancy Services, quit his government post last month citing health reasons and his resignation has been accepted by Prime Minister Narendra Modi. Ramadorai was not available for comment, the news agency added.
Meanwhile, the interim chairman of Tata Sons, Ratan Tata, has written to employees that Mistry’s removal was “absolutely necessary” for the future of the group and said the selection committee was in the process of selecting a “world class” leader.
The letter came shortly after Mistry had rebutted allegations of mishandling a dispute with Japan’s NTT DoCoMo, saying Ratan Tata was party to all decisions regarding the telecom venture.
The handling of the US$1.7 billion in compensation imposed by an arbitration panel over a breach of agreement with NTT DoCoMo is said to one of the triggers for Tata Sons sacking Mistry last month.