New Delhi: Cyrus Mistry on Monday resigned from all listed Tata Group companies and said that he will take the legal route to fight the battle.
He also said his efforts to reform the system could well have been the reason for his ouster.
Mistry said, “My efforts were aimed at reforming the system, which may well be the reason for my removal.”
He also said that he removed himself from general meetings to secure reform.
“By removing myself from general meetings, I reinforce my position that this is not a fight for position but for a secure reform,” he said.
Mistry who was abruptly ousted on October 24 by Tata Sons claimed that many people have asked him why he had raised the issues only after Ratan Tata staged the illegal coup.
“Unknown to the world, I had confronted serious governance problems and ethical issues for a considerable period,” said Mistry.
“Nothing cogent has been forthcoming from the Tata’s on my ouster,” he said.
“I am shifting this battle to a larger platform,” he said adding, “events of the past 8 weeks have been about saving legacy.”