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The Phantom of Bombay House: Upal Chakraborty

Guest post by UPAL CHAKRABORTY

[Published below is the story of a long fight against harassment and for justice by someone who took his corporate job and the interests of his company seriously, little knowing what it could lead to. It gives a glimpse into the corporate culture even among what are known to be the best corporate entities. ]

There was a gentleman whose name propped up frequently inside the Tata Group headquarters “Bombay House”, but he was more known by his sobriquet – the “Phantom of Bombay House”. He was considered a recluse and shunned social get-togethers as far as possible. Not a soul has ever seen him inside the premises, yet he held an 18.4% stake in the Tata Group. The gentleman was none other than the Late Pallonji Mistry, the father of the previous Group Chairman Cyrus Mistry whose family owned around 18% share of the Group. Tata professionals including Ratanji himself, reportedly, looked up to him for professional support.

It is unfortunate, therefore, that during the stewardship of his son, the episodes described in this article could take place. Mr. Mistry personally may or may not have been aware but for some strange reason the Group chose to turn a blind eye to a series of sordid happenings and preferred to side with an individual whose criminal acts were proved beyond any reasonable shade of doubt.The individual concerned, Mr. Tarun Kumar Samant or Tarun Kumar Sawant, can arguably be described as the new Phantom of Bombay House after the demise of Mr. Pallonji Mistry.

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