Uncertainties in an uncertain time are a bad thing and based on this analogy announcement of Cyrus P Mistry, the 43-year-old, MD of Shapoorji Pallonji Group, to succeed Ratan Tata is a welcome move. However, the good news stop right here.

The appointment lacks both transparency and competence. It is a dynasty symptom at its best. No way meant to belittle Mr. Mistry’s academic credentials and managerial prowess, but leading a house as big and valuable as Tata group, really as an investor, we deserved better management at leadership level.

Shapoorji Pallonji Group holds 18 per cent stake in Tata Sons and Pallonji Mistry’s family is the biggest non-Tata shareholder in Tata Sons. Beyond all mandatory requirements for leading this Tata group, this particular credentials of majority stake overruled everything.

Shapoorji Pallonji standalone as a company over the past several decades had been a dismal performer and has lacked the firepower to grow and diversify. We are worried whether the same trend seeps into the future Tata Group.