Tata Sons closely reviews new-age ventures; key decisions likely on June 12 (Lead)
Mumbai, May 26 (IANS) A marathon board meeting of Tata Sons held at Bombay House in Mumbai on Tuesday focused extensively on the financial performance, future projections and strategic direction of several loss-making group businesses amid growing engagement between Tata Sons and Tata Trusts.
The nearly six-and-a-half-hour meeting, which lasted from 10 a.m. to 4.30 p.m. with a lunch break in between, was described by sources as an “involved interaction” where several group CEOs made detailed presentations on their businesses before the board.
According to reports, the meeting did not take up discussions on the possible listing of Tata Sons or the continuation of N Chandrasekaran for a third term as executive chairman. Both issues are expected to be discussed at the next board meeting scheduled for June 12.
The special review session was reportedly convened following concerns raised earlier by Noel Tata, who is also a nominee director on the Tata Sons board.
During the February 24 board meeting, Noel Tata is understood to have questioned the profitability and long-term viability of businesses such as Air India, Tata Digital and Tata Electronics.
The concerns were reportedly linked to discussions around Chandrasekaran’s proposed third five-year term beginning February 2027. Tata Trusts had already passed a resolution in July 2025 supporting his continuation.
Several senior executives, including Air India CEO Campbell Wilson, Tata Electronics CEO Randhir Thakur and Tata Digital CEO Sajith Sivanandan, were present at Tuesday’s meeting and answered questions related to business performance, profitability and future strategy.
Reports said Noel Tata appeared satisfied with the explanations and presentations made during the session, although he is believed to have sought additional clarifications on certain aspects of the group’s new-age and capital-intensive businesses.
Further review meetings involving Tata group companies may also be held in the coming months.
However, neither Tata Sons nor Tata Trusts officially commented on the board meeting.
–IANS
pk
