N Chandrasekaran has decided to quit as chairman of Tata Sons, the principal shareholder of the Tata Group. He will continue till February 2027 till his current tenure ends.
Chandrasekaran will not seek reappointment for another term in Tata Sons.
The exit of Chandrasekaran has come in the wake of differences of opinion in Tata Trusts, which hold 66 per cent stake in Tata Sons. Tata Trusts trustees, led by Chairman Noel Tata, had informally decided against renominating Chandrasekaran as a Director and renewing his tenure as Chairman of Tata Sons. This decision was to be formalised at the Tata Trusts meeting on August 13, said a senior Tata Group director.
The Tata Group will have to search for a successor to Chandrasekaran in the six months. “The group is likely to consider people from inside and outside the group for a successor,” said a Tata group source.
Chandrasekaran is also Chairman of many leading Tata group companies like Tata Steel, Tata Motors, TCS and Indian Hotels. All these companies will get a new Chairman by February 2027.
Chandrasekaran’s tenure as Chairman commenced in February 2017. He got one extension in February 2022.
Radhika Goyal is Author of Taxconcept Gurugram head office, for deeply reported tax, gst and income tax articles on issues that matter. He splits her time between New Delhi and Bengaluru, and has worked as a reporter, a podcaster and an editor for publications across India.