Inside the Tata boardroom power struggle: How Noel and Chandra fell out
The conflict between Natarajan Chandrasekaran and Noel Tata escalated due to differing views on the future direction of Tata Sons and the preservation of the group's traditional culture. Chandrasekaran, known as Chandra, considered the possibility of listing Tata Sons, while Noel Tata and some older members of the group advocated for keeping the holding company unlisted to maintain its culture and values.
Losses at some unlisted Tata companies also added to the tension, with Air India and Tata Digital suffering significant financial setbacks. This issue was seen as a broader contest over corporate governance, capital allocation, and the group's long-established structure.
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