- On 12th August 2026, N. Chandrasekaran, Chairman of Tata Sons Private Limited, conveyed his decision to not offer himself for re-appointment as Chairman upon the expiry of his current tenure on 20th February 2027.
- Chandrasekaran's decision came after he said on Wednesday he would not seek a third term due to a lack of unanimity on the issue within the board.
- The Tata Trusts on Thursday initiated the process of selecting a successor to N Chandrasekaran as Chairman of Tata Sons, a day after he announced he would not seek reappointment for a third term.
- The Sir Dorabji Tata Trust (SDTT) accepted the resignation and passed a resolution to set up a selection committee to recommend a candidate for the top post.
- The Sir Dorabji Tata Trust (SDTT) respects Mr. Chandrasekaran's decision and placed on record its deepest appreciation for his contribution and stewardship of Tata Sons and the Tata group over the past decade.
- The statement thanked him for his immense contribution during a period of significant change, growth and transformation across the Group.
- The Trustees of the Sir Dorabji Tata Trust passed a resolution to initiate the setting up of a Selection Committee as soon as possible in accordance with the Articles of Association of Tata Sons, for recommending a person for appointment as the new Chairman of the Board of Directors.
- The Tata Trusts extended full support to Tata Sons for a smooth, timely and orderly transition of leadership, consistent with the values and long-term interests of the group.
- Noel Tata, who became Chairman of the Tata Trusts following the death of his half-brother Ratan Tata, also heads the Sir Dorabji Tata Trust.
Tata Trusts have accepted N. Chandrasekaran's resignation as Chairman of Tata Sons and initiated the process to find a successor. This decision follows Chandrasekaran's announcement that he would not seek reappointment for a third term due to a lack of unanimity within the board.
In a statement, the Sir Dorabji Tata Trust (SDTT), which holds nearly two-thirds of Tata Sons, expressed its respect for Chandrasekaran's decision and appreciation for his contributions over the past decade. The Trust noted his role during a period of significant change, growth, and transformation across the Tata group.
The trustees have passed a resolution to establish a Selection Committee to recommend a new Chairman in accordance with the Articles of Association of Tata Sons. The Trusts emphasized their commitment to ensuring a smooth, timely, and orderly transition of leadership, aligning with the long-term interests of Tata Sons and the Tata group.
Noel Tata, who leads the Tata Trusts, is also involved in this transition process. Chandrasekaran's departure marks a pivotal moment for Tata Sons as it seeks to navigate future challenges and opportunities.
In his statement, Chandrasekaran highlighted the need for clarity on the leadership issue at the earliest, underscoring the importance of a unified direction for the company moving forward.
“Chandrasekaran's decision came after he cited a lack of unanimity within the board on a third term. The Sir Dorabji Tata Trust, which controls 27.9% of Tata Sons, has passed a resolution to set up a selection committee, with Noel Tata heading the Trust.”
