‘Tata model has to be saved’: Noel Tata pushes against public listing of Tata Sons

The Tata Trusts chairman stated that a public listing “would destroy the character and strike at the heart of this principle” of the Tata House.

Tata Trusts has pushed back against Tata Sons’ move towards a public listing, with chairman Noel Tata saying it would be a mistake for the firm.

Noel's statement comes after Tata Sons announced the re-appointment of N Chandrasekaran as executive chairman for another five years, following his current term ending on February 20, 2027.

In a statement on Thursday, the Tata Trusts chairman stated that a public listing “would destroy the character and strike at the heart of this principle” of the Tata House.

Adding that the Tata Model “needs to be saved,” Noel Tata stated that, under Ratan Tata, the matter of a public listing had reached a consensus in March 2024: the company will remain unlisted.