Indian salt-to-steel giant Tata completed its purge of former chairman Cyrus Mistry on Monday by removing him from the board of the conglomerate's holding company. Mistry was axed as chairman of the holding company Tata Sons in October and then forced out of its operating companies as group patriarch Ratan Tata set about eradicating his influence in the 150-year-old conglomerate.
Mistry's dismissal from the Tata Sons board at a special meeting in Mumbai on Monday saw him stripped of his last official position in the group, which has annual revenue of $103 billion. "The shareholders of Tata Sons Limited, at the extraordinary general meeting held today, passed, with the requisite majority, a resolution to remove Mr. Cyrus P. Mistry as a Director of Tata Sons Limited," Tata said in a statement.
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