Mr. Mistry, accompanied by his predecessor Ratan Tata, Tata Steel Managing Director H M Nerurkar and a host of senior officials paid floral tribute to the great visionary, who paved the way for the development of an industrial India over a century ago.
Mr. Mistry and Mr. Tata also interacted with the company workers.
Later, a spectacular pageant was taken out by various departments of the company, as well as associated companies and social organisations, with attractive tableaus to mark the occasion.
Addressing the gathering at Postal Park in Bistupur, Mr. Mistry said it was a great honour for him to pay homage to the founder of Tata Steel.
In his maiden public address, Mr. Mistry said fulfilling the dreams of the founder would be his priority and he would continue to maintain the values and ideals propagated by Jamshetji.
Appreciating the well-maintained steel city, the Chairman said the city would remain important for the company, since it had its first steel plant here.
Earlier, Ishaat Hussain, Director, Tata Sons, had switched on the Illumination at the Founder's Statue in
Jubilee Park on Saturday evening.
The illumination was followed by a special exhibition on the Founder and Tata Steel. The theme of this year's exhibition at Jubilee Park was 'Inspiring a Legacy' showcasing the contributions of five Chairmen of Tata Steel. The exhibition will be inaugurated by Mr. D K Mehrotra, Chairman, LIC of India.