N Chandrasekaran, a blue-eyed businessman with an effervescent smile, will formally take charge of Tata Sons at the Bombay House Tata group headquarters on Tuesday.

It is understood that interim chairman Ratan Tata has already briefed Chandra about the issues facing the company. While Ratan Tata will continue to be the chairman of Tata Trusts, Chandra will be given a free reign on the decisions which will allow him to recalibrate the company’s recent decisions.

“The Tata Sons meeting will discuss the role and authority that Chandra has in as the executive chairman and his immediate tasks for the firms he will take charge as chairman,” the ET quoted an inside person as saying.

Chandrasekaran, 54-years-old and a computer engineer by profession, will officially replace Cyrus Mistry as he holds his first formal Tata Sons board meeting.

Chandrasekaran has already started meeting various CEOs of prominent companies who are presenting him their business models. According to sources, the 2020 growth strategy put up by Cyrus Mistry has already been discarded by Chandra.