Tata Sons chief N Chandrasekaran shocks everyone, makes move which Ratan Tata never did, Noel Tata, Mehli Mistry were…

The initiative by Tata Sons chairman N Chandrasekaran is to keep the Tata Trust aligned with the direction of the business empire.

In a different move, Tata Sons Chairman N Chandrasekaran held a closed-door meeting with the board of Tata Trusts at Bombay House and gave them a detailed update on the group’s performance, strategic roadmap, and initiatives. This is a step not taken during Ratan Tata’s tenure, according to an Economic Times report.

What N. Chandrasekaran Did Different Than Ratan Tata?

This direct briefing is actually moving from past practices, where updates to Tata Trusts were given through its nominees on the Tata Sons board. The Trusts collectively hold a controlling 66% stake in Tata Sons but have played a non-operational role, with limited direct engagement on group-level execution.

Noel Tata (Chairman of Tata Trusts), Mehli Mistry, Venu Srinivasan, Pramit Jhaveri, Darius Khambata, Vijay Singh, and Jehangir C Jehangir were present at the meeting. The report citing sources noted that the initiative to brief the entire board of trustees came directly from Chandrasekaran, shows his intent to ensure complete transparency on the group’s long-term vision.

Updates By Tata Group

The two-hour meeting reportedly covered updates on Tata Group’s most ambitious ventures like Tata Digital, Tata Electronics, electric mobility, semiconductors, and Air India. The chairman also gave insights about business performance, revenue growth, profitability, and valuations of these emerging entities.

Chandrasekaran also detailed the group’s aggressive capital commitment, which is now around Rs 1.84 lakh crore in new-age sectors and the highest capital allocation in Tata Sons’ history. An additional Rs 30,000 crores will be infused into ventures like Tata Digital, Tata Electronics, Air India, and the group’s defence and battery verticals.

Air India Crash Response

The discussion also focused on the group’s response to the Air India plane crash in Ahmedabad on June 12. Chandrasekaran narrated on relief measures, compensation disbursements, ongoing investigations, and regulatory compliance. He also discussed fleet safety reviews and the support given to victims’ families.