Staff expenses grew 114% under Mistry: Tata Sons
Tata Sons in a letter to former chairman Cyrus Mistry, said that staff expenses during his tenure grew from ₹84 crore to ₹180 crore, rising 114%, while dividend income declined. Further, it said that if it weren't for TCS, Tata Sons would've seen losses over the last 3 years. Notably, Tata Sons appointed Ratan Tata as Interim Chairman, replacing Mistry.  