Tata Global Beverages replaced Cyrus Mistry with group veteran Harish Bhat as its chairman. This is the second Tata group firm where Mistry has been removed from the post of chairman since he was ousted as the chairman of group holding firm Tata Sons on October 24.

• On November 10, group’s crown jewel Tata Consultancy Services replaced Mistry with another group veteran Ishaat Hussain as interim chairman. “After extensive deliberations, and keeping in view the long-term interest and alignment of all stakeholders and stability of the company, the board of directors resolved to replace Mistry as chairman of the company, by majority vote, with seven out of the 10 directors present at the board meeting, voting in favour of the resolution,” said the company .

• Mistry remains on the company’s board as a director despite being removed as chairman. To remove him from the board, the company will need to call an extraordinary general meeting (EGM). Mistry continues to remain chairman on the boards at Indian Hotels Company, Tata Chemicals, Tata Steel and Tata Motors.

Tata Global Beverages

Tata Global Beverages Limited (formerly Tata Tea Limited) is an Indian multinational non-alcoholic beverages company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world’s second-largest manufacturer and distributor of tea and a major producer of coffee.