Tata Group Chairman N. Chandrasekaran
| Photo Credit:
ANI
The Tata Sons board today deferred the decision to reappoint Tata Sons’ Chairman N Chandrasekaran for a third term, on his recommendation, after some board members, including Noel Tata, expressed their reservations.
“I recommended that it should be deferred, because of request from some directors,” Chandrasekaran told the media, while leaving Bombay House after the meeting.
He however declined to give any other details on what had transpired at the meeting. He added, in response to questions, that nothing would change at the Tata group as of now.
Second term
Chandrasekaran’s second term at the helm of Tata Sons will be ending in February 2027 and reports had suggested that he would be granted an extension in order to maintain continuity in policies. He first took charge as Chairman in February 2017 for five years and then was reappointed in February 2022 for another five years.
Tata Trusts, which owns two-thirds in Tata Sons, had earlier resolved to reappoint Chandrasekaran for a third term.
The board meet was not as straightforward as expected and the extension of Chandrasekaran’s term was top on the agenda and was dealt with early, said sources with knowledge of what transpired at the board meeting.
Noel Tata is understood to have led the discussions on Chandrasekaran’s extension and raised the issue of underperformance of several entities in the group, including that of Air India, as well as his handling of events in the aftermath of the London-bound flight that crashed last year.
From FY18 to FY25, the revenue of Tata Sons at a consolidated level has tripled while net profit has more than tripled. However there are several companies that are still continuing in losses such as Tata Digital, Infiniti Retail and Tata Neu.
Timeline sought
The board meeting also reviewed the performances of the group companies and resources deployed and Tata is said to have asked for a timeline for profitability of the loss making entities, said the sources.
Sources said that while some of the board members backed Chandrasekaran’s reappointment at the end of his term next year, there were also suggestions that this could be revisited at the next board meeting.
Another major issue that cropped up was that of the listing of Tata Sons, and it was reiterated by Tata that it should be kept unlisted. The holding company of the Tata group has already applied to the Reserve Bank of India to deregister itself as a Core Investment Company and the fate of that application is shrouded in mystery.
Multiple sources told businessline that the events at the board meeting today showed an increasingly assertive Noel Tata, who has been consolidating his hold over the group by quietly getting rid of the opposition.
Emails sent to Tata Sons and Noel Tata’s office did not receive a response.
Published on February 24, 2026
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