"I don't have anything to say about my succession. There
is a committee in place and it will find the right person. I
faced the same kind of thing when I took over from JRD.
Obviously, nobody can do the job forever and we all have to
move on," he said at the Annual General meeting of the group
In May, the group had said that the selection committee
had interviewed several candidates, both internal and
external, but no final decision had been taken.
Tata Sons had set up a panel to search a successor to
Group Chairman Ratan Tata who is due to retire in December,
2012, when he turns 75- the retirement age fixed by the group.
The Tata group has over 90 companies, of which 28 are
listed, including the country's largest software exporter TCS,
India's largest auto maker Tata Motors and Tata Steel, which
is the world's fifth largest steel maker.
Although the group is over 100 years old -- founded by
Jamsetji Tata in 1868 when he set up a private trading firm --
it was only in 2006 that it earned major global recognition
when Ratan Tata spearheaded the buyout of Anglo-Dutch steel
maker Corus for about USD 12 billion.
Rata Tata followed this up with another big ticket
purchase of Jaguar Land Rover, the luxury British auto brands,
from Ford in 2008 for USD 2.3 billion.
Tata, who took over as Chairman in 1991 from JRD Tata,
had said: "I do not want to go out on a wheelchair."
Tata Sons had said while forming the committee to find
successor that the group would require someone with experience
and exposure to direct its growth amidst the challenges of the