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Asian Family Conglomerates

Asian family conglomerates: The Tata group gets back on track following leadership change

The first chairman from outside the family keeps core ideals at the forefront

MUMBAI Renovation work has begun on Bombay House, the headquarters of the Tata group. Located in the heart of Mumbai, India's commercial hub, the landmark structure went up in 1924 and had not received any substantial refurbishments since.

Inside the four-story building, stray dogs roam the halls with the blessing of Chairman Emeritus Ratan Tata, while outside, guards stand watch. The renovation, for a reported 800 million rupees ($12.3 million), is expected to be completed in eight months. While the work will leave the building's colonial-era facade unchanged, the upgrades to its interior will bring the headquarters of India's largest conglomerate firmly into the tech-savvy 21st century.

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