Finally, Tata Group Chairman, Ratan Tata has opened his mouth over the issue of his successor. At the Annual General Meeting of Tata Chemicals he was quizzed on his successor.

The shareholders had asked that whether a "Parsi, Indian or a foreigner" is going to replace him. In replay Mr. Ratan Tata had said that the Tata group is an Indian group. It doesn’t belong to any single group like Parsi or anybody else. Mr. Tata has also said that his successor won’t be either pro or anti Parsi.

The Tata Group had formed a search committee last week to search appropriate successor of Mr. Tata. This is the first time after the formation of the panel; Mr. Tata has expressed his views on this issue. However, the company was formed by Jamsetji Tata and all the five chairmen of Tata Group were Parsi’s.

Now the company has revenue of$70 billion and is one of the largest and leading firms of the country. Moreover 70% of the revenue is now coming from overseas market which says that the company has gone global during the years.