New Tata boss to face formidable challenges

New leadership will bring a change in strategic direction at the group in terms of how a new chairman approaches the ambitious expansion Chandrasekharan undertook, say experts.

The new person at the helm will need to have an ability to assess and absorb the risks that have come with this breakneck expansion as well as rise up to numerous other challenges, Hetal Dalal from Institutional Investor Advisor Services (IiAS), a governance advisory firm, told the BBC.

The new chairman will have to understand new business models of the four unlisted businesses that are losing money," he said.