Tata Sons Board Meet today: No consensus on N Chandrasekaran’s reappointment as chairman | DETAILS

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Tata Sons Board Meet today: The board meeting of Tata Sons today, February 24, failed to reach any consensus on the reappointment of Natarajan Chandrasekaran as chairman. Board of Tata Sons met today to consider approval of Chandrasekaran’s third term as chairman, after the Tata Trusts board cleared his extension in October last year.

Sources told ET NOW that Tata Sons board couldn’t reach consensus on Chandrasekaran’s reappointment.

Chandrasekaran’s Current Tenure

Chandrasekaran’s current tenure concludes in February 2027. He was first appointed the chairman of Tata Sons in early 2017. In February 2022, the board unanimously reappointed Chandrasekaran as Chairman for a second term.

There were efforts to consider the induction of chairman Noel Tata's son, Neville Tata, as a trustee of the Sir Ratan Tata Trust (SRTT) and a board meeting was scheduled for the purpose last month. However, the SRTT cancelled the board meeting. In contrast, board meetings of Sir Dorabji Tata Trust (SDTT) and Tata Education and Development Trust (TEDT) proceeded as scheduled.

The cancellation suggests that Neville's appointment may have been pushed back to give trustees more time for discussions - since appointing a trustee requires unanimous approval. No new date for the SRTT meeting has been notified yet.

Sir Ratan Tata Trust (SRTT), Sir Dorabji Tata Trust (SDTT), and Tata Education and Development Trust (TEDT) have several trustees in common. Except for Jehangir HC Jehangir and Jimmy Tata, the other SRTT trustees — Noel, Venu Srinivasan, Vijay Singh and Darius Khambata — also serve on SDTT’s board and participated in the meeting last month.

Chandrasekaran’s Journey: From TCS Intern to Tata Sons Chairman

Chandrasekaran’s career began in 1987, when he joined Tata Consultancy Services (TCS) as an intern. It was a small step, but a giant leap for his career. TCS, at the time, was already a respected name in the world of IT services, but little did anyone know that the intern would one day become its most powerful leader. His dedication, strategic thinking, and leadership skills quickly caught the attention of higher-ups, and by 2007, he was co-opted to the board of TCS as Chief Operating Officer (COO). His rise was swift, and in 2009, at the age of 46, Chandrasekaran was appointed as the CEO of TCS. This made him one of the youngest CEOs in the history of the Tata Group, a title that he carried with grace and responsibility.

Chandrasekaran’s appointment as the CEO marked the beginning of a new era for TCS. Under his leadership, the company saw exponential growth. By 2016, when the opportunity arose, he joined the Board of Directors of Tata Sons, the holding company of the Tata Group. The following year, in 2017, he was appointed the Chairman of Tata Sons, succeeding the legendary Ratan Tata.