The story
Founded by Jamsetji Tata in 1868.1
Natarajan Chandrasekaran took over as Chairman of Tata Sons on 21 February 2017. The company also undertook conversion from a public limited company to a private limited one in 2017; both these decisions were challenged in court by former chairman Cyrus Mistry.
In December 2019, NCLAT declared the conversion, and by extension, Chandrasekaran's chairmanship, illegal and restored Mistry. On 10 January 2020, however, the Supreme Court stayed NCLAT's order; in response, Mistry filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT. On 26 March 2021, the Supreme Court of India upheld Tata Sons' decision to sack Cyrus Mistry.
In March 2024, speculation arose about Tata Sons preparing for an Initial public offering (IPO), potentially valuing the company at up to $96 billion, according to investment advisory firm Spark.
In November 2024, Tata Sons reached an agreement with Singapore Airlines which saw Indian full-service carrier Vistara merge with Tata-owned Air India to form a single entity with an expanded network and broader fleet.
In August 2026, Tata Sons Chairman N. Chandrasekaran announced he would serve out his term ending in February 2027 without seeking reappointment. Following his decision, Sir Dorabji Tata Trust resolved to initiate the process of setting up a selection committee. Tata Trusts is considering urgent legal action to take governance decisions regarding Tata Sons. This has also increased the pressure on the firm for succession and potential stock market listing.
From Wikipedia’s article on Tata Sons, shared under CC BY-SA 4.0.5