Ratan Tata steps down as chairman after two decades
28 December 2012 Last updated at 07:36 GMT
Ratan Tata, one of India's most internationally-recognised business leaders, is stepping down.
He leaves his position as chairman of Tata after more than two decades heading the group.
It is the largest business in the country, with a history that spans more than a century.
Yogita Limaye reports from Mumbai.