N. Chandrasekaran reappointed as chairman for five more years
Xtreme News India
17-09-2026 19:03:45
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N. Chandrasekaran reappointed as chairman for five more years
New Delhi (Special correspondent) - India's Tata reappointed N. Chandrasekaran as chairman on Thursday and said it would consider a public listing, defying the family charity which controls the salt-to-software conglomerate and laying bare a schism within the 158-year-old group.
Chandrasekaran and the Noel Tata-led Tata Trusts, which owns 66% of Tata's holding company, have sparred over issues ranging from a potential listing of Tata Sons and Air India's mounting losses to a planned exit by a minority shareholder.
The 63-year-old chairman's reappointment came as a relief for the group which faces deepening losses at Air India, a sharp slump at Jaguar Land Rover and the fallout from a data breach, lifting the shares of Tata Group companies.
Boardroom disputes are not new to Tata Sons. In 2016, the board sacked its then-chairman after he fell out over governance issues with group patriarch Ratan Tata, Noel's half-brother who headed the charity arm before his death in 2024.
Chandrasekaran had last month said he would not seek another term as chairman after February 2027. But Tata Group said in a statement the board this month requested him to reconsider his decision in "larger interests", which he accepted on Thursday.
Noel Tata, 68, opposed Chandrasekaran's reappointment as well as the potential listing of Tata Sons, in a statement at Thursday's board meeting, highlighting the disagreements.
The reappointment is "illegal" according to the articles of association of Tata Sons, Tata Trusts said in a statement.
Chandrasekaran became chairman of Tata Sons in 2017 and was reappointed for a second five-year term in 2022.
Tata Sons, which is the apex holding company of the Tata Group, controls more than 30 Tata companies, including IT firm TCS (TCS.NS), opens new tab and Tata Motors (TAMO.NS), opens new tab.
Tata Group companies had combined revenue of $185 billion in the last financial year. Its 26 publicly listed companies had a combined market capitalisation of $277 billion as of March 31.
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