Mistry owns 72,960 shares of the company. Already shareholders of three Tata firms — Tata Industries, TCS and Tata Teleservices — have voted to remove Mr. Mistry as director. On December 13, Mistry was removed as director of Tata Group's crown jewel, Tata Consultancy Services (TCS) with 93.11 per cent of shareholders present at an extra-ordinary general meeting voting for his ouster. Mr. Mistry had described the outcome as a foregone conclusion considering the overwhelming 73.33 per cent stake of the promoters but insisted that the voting by minority shareholders of TCS sent "a strong signal that the need for governance reform at Tata group must not go unheeded". Mr. Mistry was on October 24 abruptly removed as Chairman of Tata Sons but he continues to head several operating companies of the Group.