Tata Sons chairman Chandrasekaran may step down

Tata Sons Chairman N Chandra Sekaran may leave his position before the company's shareholder meeting on August 18, according to reports. The Economic Times cited individuals familiar with the situation in its Wednesday report. The discussions are taking place due to uncertainty surrounding his reappointment as a director and conflicts with the head of the Tata group's charitable foundation.

The shareholders will vote on Chandrasekaran's reappointment at the upcoming annual general meeting, set to happen in February 2027. The Economic Times report could not be independently verified. Tata Sons, a key investment entity of the Tata Group, did not comment on the matter. In February, the company postponed a decision on Chandrasekaran's reappointment as chairman after Noel Tata, chairman of Tata Trusts, opposed the move.

Tata Sons and Tata Trusts have been at odds over board representation, strategy and the planned exit of minority shareholder Shapoorji Pallonji. This dispute resulted in the removal of a Tata Sons director. Over the last year, Chandrasekaran has faced scrutiny from regulators over Air India following a fatal crash, pricing pressures at TCS and a cyberattack at Jaguar Land Rover, which disrupted production and affected Britain's economy.