Tata Sons Board Approves Re-Appointment Of N Chandrasekaran As Chairman For 5 Years

The Nomination & Remuneration Committee will ask N Chandrasekaran, 63, to reconsider the resignation decision he communicated to the board in August.

The Tata Sons board on Thursday approved a five-year extension for N Chandrasekaran as chairman of the Tata group’s holding company, CNBC-TV18 has reported, citing sources. Chandrasekaran’s current term is due to end on February 20, 2027.

He had announced on August 12 that he would not seek a third term after completing his existing tenure.

The Nomination & Remuneration Committee will ask Chandrasekaran, 63, to reconsider the resignation decision he communicated to the board in August, a decision made before the RBI’s ruling and under a different set of assumptions about the company’s regulatory path.

Noel Tata, chairman of Tata Trusts and a member of the Tata Sons board, was the only director to vote against the resolution seeking Chandrasekaran’s reappointment, according to the report.

Noel has been opposed to any listing, a position he has held since at least February, when it was reportedly among his conditions for backing Chandrasekaran’s prior term renewal. Shapoorji Pallonji Group, which holds roughly 18 per cent of Tata Sons and is headed by Noel’s father-in-law, has favoured listing.

The latest development comes after the Reserve Bank of India’s rejection last week of Tata Sons’ application to surrender its non-banking financial company (NBFC) registration, a decision that would revive the prospect of a stock market listing that the company has tried to avoid for more than a year, including by repaying over Rs 21,000 crore in debt.

After this, the Sir Dorabji Tata Trust’s already-initiated chairman-selection process would be paused or discontinued.

Tata Sons and Tata Trusts have not commented on the outcome of the board meeting.

N Chandrasekaran announced on August 12, 2026, that he would not seek a third term after his current tenure ends on February 20, 2027. This decision followed a February board meeting where a resolution to extend his term failed to pass because it lacked unanimous support. Specifically, Noel Tata opposed the reappointment due to disagreements over key issues, including keeping Tata Sons' debt low, avoiding a stock market listing, and resolving matters with the Shapoorji Pallonji Group.