Noel Tata has no quarrel with where the Tata Group is headed. His problem is with how it is getting there.
Speaking at the Hindustan Times Leadership Summit, the Tata Trusts chairman calls for stronger execution in new-age bets like chips and EV batteries, while warning that listing Tata Sons could put profit ahead of philanthropy.
Noel Tata, chairman of the Tata Trusts, does not oppose the Tata Group's ambitions for growth and diversification. He supports the conglomerate's entry into new-age industries like batteries, semiconductors, and aviation. However, Tata has concerns about the execution of these ambitious projects. Speaking at the Hindustan Times Leadership Summit in New Delhi, he emphasized that while he supports the direction, he questions the discipline in executing these large-scale projects.
Tata Trusts remain ready to back Tata Sons' national projects, but Tata fears that the group may lose its core values if it becomes a public company with a large number of shareholders. He worries that prioritizing profit over philanthropy could fundamentally change the Tata way of working.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
