Cyrus P Mistry
If the first visit on March 3 was all about getting a first-hand feel of the century-old Tata tradition, the second visit is all about number crunching and latest projects.
Tata Sons deputy chairman and chairman-designate Cyrus P. Mistry came to Jamshedpur on Monday for the second time after his Founder’s Day ‘debut’ on March 3 this year where his mentor and chairman Ratan Tata showed him around town.
But this time, it was all work and no play for Mistry.
In a high-level closed-door meeting, Mistry got hands-on with issues related to Tata Steel’s finance, capital-intensive projects and other issues. Tata Steel chief finance officer Kaushik Chatterjee accompanied Mistry.
Around 10.30am, Mistry — who flew on a company aircraft — landed at Sonari Airport. Neither mediapersons nor representatives of social organisations, including Singhbhum Chamber of Commerce and Industry vice-president Suresh Sonthalia, were allowed access to the airport. Tata Steel spokesperson Charudutta Deshpande ruled out any interaction with the chairman-designate.
“It is a purely internal meeting of the company. Mistry will stay in Jamshedpur tomorrow and leave for Mumbai on Wednesday morning,” Deshpande said.
From the airport, Mistry went straight to the Director’s Bungalow to freshen up. Around 11.15am, he was ready for work at the Tata Steel’s boardroom near the managing director’s office inside the company’s works.
Sources associated with the office of Tata Steel’s managing director said that the after brief ceremonial exchanges, the chairman-designate, known for being a no-frills boss, wanted to interact with vice-presidents of units as well as heads of departments.
The closed-door and exhaustive meeting that lasted for hours focussed on the numbers of the last fiscal as well as projects for the new fiscal under Chatterjee’s supervision.
The first phase continued till 1.30pm. Mistry took a lunch break at the Director’s Bungalow around 1.30pm.
By 2.30pm, he was back for the second round.
That Mistry remembered what he had said during his first visit was evident when he took special interest in the company’s capital-intensive projects planned by various departments as well as social welfare and corporate initiatives planned in the city.
The soft-spoken Mistry, during an interaction with senior Tata Workers Union leaders on March 3 at Michael John Auditorium, Bistupur, had said that Jamshedpur as a township was a “fountain of inspiration” for him. The city would continue to be Tata Steel’s backbone despite its global presence, he reiterated.
This time, his active interest projects in the city despite all the industry-related work proved that his March 3 statements were not to earn some momentary brownie points.
Tata Steel’s corporate affairs and communication officials said on Tuesday, Mistry would see presentations based on Monday’s meeting.
Mistry, who joined Tata Motors board as a director on May 29, 2012, may visit the auto major on Tuesday.