N Chandrasekaran reverses exit decision, secures another 5-year term as Tata Sons Chairman

N Chandrasekaran, the Executive Chairman of Tata Sons, has decided to reverse his earlier exit decision and secure another five-year term as chairman, Tata Sons announced on Thursday. This reversal came after the board approved his reappointment by a majority vote during their September 17 meeting, after he agreed to reconsider his initial decision made on August 12. His current tenure is set to end in February 2027.

Tata Trusts had previously unanimously backed Chandrasekaran's reappointment in July 2025, highlighting his leadership of the group since 2017. The board had agreed to his five-year extension in principle in September 2025, but formal approval was postponed in February 2026 due to the inability to reach unanimity. The matter was revisited in May and June, yet remained unresolved.

On September 3, Tata Sons' Nomination and Remuneration Committee unanimously requested Chandrasekaran to reconsider his stance and recommended his reappointment, praising his contributions to the group and its broader interests. At the subsequent board meeting on September 17, Chandrasekaran agreed to remain in his position, leading the board to officially approve his reappointment.

They also stated they would start taking steps to comply with Reserve Bank of India guidelines and seek guidance from the RBI, Tata Trusts, and other relevant stakeholders regarding the necessary compliance requirements. Chandrasekaran has been leading Tata Sons since 2017, prior to which he served as CEO and Managing Director of Tata Consultancy Services.