Tata Sons counters Cyrus Mistry claims in SC, says most firms suffered under him

Tata Sons on Thursday told the Supreme Court that under the tenure of former chairman Cyrus Mistry, the market performance of the Tata operating companies — excluding Tata Consultancy Services and Tata Motors – was below Sensex returns.

However, under Ratan Tata’s tenure as executive chairman, the market capitalisation of the Tata operating companies increased from around Rs 8,000 crore in 1991 to Rs 5 lakh crore in 2012 – an increase of approximately 60 times, and this is more than three times the Sensex return in the same time period.