Tata Group boardroom battle and succession crisis 2026
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Tata boardroom dispute in India
Venu Srinivasan voted in favour of Chandrasekaran's reappointment.
Ratan Tata succeeded JRD Tata as chairman in 1991.
The Shapoorji Pallonji Group holds an 18.4 percent stake in Tata Sons.
Boardroom battle brewing at India's Tata Group
Shapoorji Pallonji Group owns 18% of Tata Sons.
Tata Trusts stated that the chairman of Tata Sons cannot be appointed without the approval of the chair of the Tata Trust, calling the decision a legal nullity.
Tata Sons needs over 290 billion rupees annually to support its loss-making businesses and another 900 billion rupees for the new semiconductor plant, according to Deven Choksey.
Tata Sons boardroom revolt
Tata Trusts' trustees are no longer unanimous in their position on the listing.
Listed Tata companies influence over 17.7 million retail shareholders, pension funds, insurers and mutual funds, according to InGovern.
Listed Tata companies including Tata Motors and TCS have a collective market capitalisation of more than $260bn.