According to our reliable sources, it seems a truce between Tata Sons and Cyrus Mistry happened yesterday late night. As per the agreement, both the parties henceforth will not wash their dirty linen in public through the press. In return, Tata Sons will hire back Cyrus Mistry as Chartered Account for the group companies.
Commenting on the late-night development and hiring back Cyrus as CA, leading lawyer for Tata group Abhijith Manu Singhvi said, “Board of Tata sons and Mr. Ratan Tata himself were really impressed with the way Mr. Cyrus has presented the profit loss for the struggling group companies in his leaked letter. In spite of being a Chairman he had time to do all this, shows he has interest in accounting job. Probably that’s the reason he could not do full justice to his Chairman role.”
“As a token gift, we have offered him a Nano Twist which he has gracefully accepted. Though he could not get in to Nano as it is too small for his size right now. He has told with not much pressure of running such a big conglomerate day to day basis, now he will have ample time to exercise. In fact, he has thrown a challenge to board members and Mr. Ratan Tata especially that he will come ahead of them in next years TCS 10k run,” said Mr. Singhvi.
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