Tata Sons board meeting ends amid focus on leadership and group performance concerns

A board meeting of Tata Sons, the holding company of the Tata Group, concluded in Mumbai on Tuesday amid reports of discussions around leadership and concerns over the performance of some group businesses, PTI reported.Directors, including Tata Trusts chairman Noel Tata, arrived at the group’s headquarters, Bombay House, in the morning and left in the late afternoon.N Chandrasekaran, chairman of Tata Sons, did not comment on the meeting’s discussions or decisions while leaving the South Mumbai headquarters.According to reports, a discussion on Chandrasekaran’s reappointment was unlikely during the board meeting, which comes amid rising friction within the group.Chandrasekaran and Noel Tata, who is a nominee director on the Tata Sons board, are understood to have met over the weekend to discuss the performance of group companies.Reports suggest Tata Group’s unlisted businesses posted losses of Rs 10,905 crore in FY25, which could rise to Rs 29,000 crore.The Tata Group, in which Tata Trusts owns nearly two-thirds of Tata Sons, has recently witnessed a series of top-level differences, including reports of attempts to remove certain members and a delay in taking a decision on Chandrasekaran’s continuation as chairman.According to reports, Noel Tata has concerns over rising losses at Tata Sons, particularly in newer businesses launched during Chandrasekaran’s tenure, including Tata Digital, electronics ventures and Air India, which the group acquired from the government.Reports also said Noel Tata is reluctant to pursue a public listing for Tata Sons. The company, classified by the RBI among the top-15 non-banking finance companies (NBFCs), falls under norms requiring listing.Neville Tata, son of Noel Tata, has already been inducted into some trusts and foundations associated with the group.