Tata Trusts own about 66% of Tata Sons and nominate two of its directors. On 17 September 2026 the Tata Sons board voted 4-1 to reappoint N Chandrasekaran as c…
The 1892 endowment began the trust tradition. The Sir Ratan Tata Trust (1919) and Sir Dorabji Tata Trust (1932) later became Tata Sons' largest owners.
JRD Tata chaired Tata Sons for 53 years, the longest tenure in its history.
He led a global push that included Tetley, Corus and Jaguar Land Rover, and chaired the Trusts too.
Tata said the board had lost confidence in him; Mistry said the Trusts had too much influence. His family's SP Group, holder of about 18.4%, went to the NCLT.
The Supreme Court set aside the NCLAT order that had restored Mistry and ruled for Tata Sons.
Upper-layer NBFCs must list within three years, so the deadline was September 2025.
Ratan Tata died aged 86. Two days later the trustees appointed his half-brother Noel Tata chairman.
Nominee director Vijay Singh and trustee Mehli Mistry both left after opposing votes among trustees.
He told the board he would not seek reappointment when his term ends on 20 February 2027.
The RBI refused to let Tata Sons surrender its core investment company registration, leaving listing as the route to comply.
Four directors voted for five more years; Noel Tata voted against. The other Trust nominee, Venu Srinivasan, voted for.
The Trusts say Article 121 needs both nominees, so the vote is void. Tata Sons says it is valid. Both have hired senior counsel; no court has ruled yet.
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