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2h ago

Report Says Tata Trusts Backs Third Executive Term for N Chandrasekaran

The report cites a September 11 resolution seeking continuity on critical projects.

3rd term for Chandrasekaran? Tata Trusts sidesteps retirement rule in a first, says report
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Overview

  • The Economic Times, cited by Business Today, reports the Trusts moved to waive the group’s executive retirement cap for the first time.
  • A proposal from Noel Tata and Venu Srinivasan was reportedly approved and sent to Tata Sons, with formalisation expected in February 2026.
  • Sources quoted in the report link the extension to continuity for semiconductors, EV batteries and the Air India turnaround.
  • Tata Trusts, which holds 66% of Tata Sons, declined to comment, and Business Today said it could not independently verify the development.
  • The leadership move is reported against an unresolved debate on Tata Sons’ ownership status, as FY25 revenue reached ₹15.34 lakh crore and profit ₹1.13 lakh crore, while a 30% slide in TCS shares erased about ₹6.9 lakh crore in market value over the past year.