The proposal also considered the younger Mittal for stock option, the company said in a regulatory filing to the stock exchanges yesterday. The announcement also coincides with a flurry of activity involving succession plans in India Inc. Those among the look out for their next leader are diversified Tata Group, software maker Infosys Technologies and engineering group L&T. The Tata Group and Infosys have set up separate panels to search for a successor to their respective chairmen, while L&T chief A M Naik has said his successor would be named by March 2012. Among those who have recently brought on board next generation leaders from the promoters' families, are Shiv Nadar-led HCL Group and Kishore Biyani-promoted Futures Group. Shravin is a graduate in accounting and finance from University of Bath, UK, and has worked for more than three years in equity research and portfolio management with JPMorgan Chase & Co, Ernst & Young, Merill Lynch & Company, Deutsche Bank AG and IMG.