Tension in Tata Group...Key Discussions at Board Meeting

Amid internal discussions within the Tata Group, the board members of Tata Sons, the conglomerate’s principal holding company, met in Mumbai on Tuesday. The meeting was held at Bombay House and attended by Executive Chairman N. Chandrasekaran, Noel Tata, Venu Srinivasan, and other board members. The discussions continued from morning until around 4:30 PM.

The meeting gained significance due to reported differences within the Tata Trusts board, mounting losses in new group companies including Air India, Noel Tata’s reported reservations over Tata Sons’ listing plans, and speculation over whether Chandrasekaran would continue for a third term as chairman. After the meeting, none of the board members addressed the media, and the company also refrained from issuing an official statement.

Sources said the board conducted a detailed review of the financial performance and future investment requirements of Air India, Tata Digital, and Tata Electronics. Senior executives from these companies reportedly presented updates and clarified board queries. The group’s unlisted companies recorded losses of ₹10,905 crore in FY 2024-25, while losses are projected to rise to nearly ₹29,000 crore in FY 2025-26. Another Tata Sons board meeting is expected to be held on June 12.