The board meeting of Tata Sons, the holding company of the Tata Group, concluded in Mumbai on Tuesday amid reports of leadership discussions and concerns over the performance of some of the group’s companies, news agency PTI reported.The directors, including Tata Trusts chairman Noel Tata, arrived at the group’s headquarters, Bombay House, in the morning and left in the late afternoon.N. did not comment. Chandrasekaran, Chairman, Tata Sons, on the meeting’s discussions or decisions as he left the headquarters in South Mumbai.According to reports, a discussion on Chandrasekaran’s reappointment is unlikely to take place during the board meeting, which comes amid rising friction within the group.Chandrasekaran and Noel Tata, who is a nominated director on the Tata Sons board, are understood to have met over the weekend to discuss the performance of the group companies.Reports suggest that unlisted companies of the Tata Group posted losses of Rs 10,905 crore in FY25, which may rise to Rs 29,000 crore.The Tata Group, in which the Tata Trust owns nearly two-thirds of Tata Sons, has recently witnessed a series of controversies at the highest level, including reports of attempts to remove certain members and delays in a decision on Chandrasekaran’s continuation as chairman.
According to reports, Noel Tata has concerns about rising losses at Tata Sons, especially in new businesses launched during Chandrasekaran’s tenure, including Tata Digital, electronics ventures and Air India, which the group has taken over from the government.Reports also said that Noel Tata is reluctant to pursue a public listing for Tata Sons. The company, which the Reserve Bank of India has ranked among the top 15 non-banking finance companies (NBFCs), falls under the criteria that require listing.Neville Tata, Noel Tata’s son, has already been inducted into some of the funds and foundations associated with the group.
