Tata Sons is an $ 80 billion conglomerate . It's a big company, but it hasn't been doing well for the last few years because of its poor financial performance and lack of growth in India ( which means that they are not making money ) Ending years of speculation over the future leader of one of India 's largest and most influential business groups , Tata Sons Wednesday named 43-year-old Cyrus Pallonji Mistry as the successor to business icon Ratan Tata , the man who has led the $ 80 billion conglomerate for the past two decades . Mistry has been on the board since 2006 .
Tata Sons is an $ 80 billion conglomerate . It's a big company, but it hasn't been doing well for the last few years because of its poor financial performance and lack of growth in India ( which means that they are not making money ) Mistry has been on the board since 2006 .