{"id":12135,"date":"2026-08-14T01:14:31","date_gmt":"2026-08-14T01:14:31","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=12135"},"modified":"2026-08-14T01:14:31","modified_gmt":"2026-08-14T01:14:31","slug":"tata-trusts-kicks-off-process-to-pick-chandrasekarans-successor","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=12135","title":{"rendered":"Tata Trusts kicks off process to pick Chandrasekaran\u2019s successor"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-133226805,imgsize-71298,width-400,height-225,resizemode-4\/n-chandrasekaran-leaves-bombay-house.jpg\" alt=\"Tata Trusts kicks off process to pick Chandrasekaran\u2019s successor\" title=\"Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12\">Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>MUMBAI: Setting in motion the process of finding the next chairman of <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/tata-sons\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\" target=\"_blank\" rel=\"noopener\">Tata Sons<\/a>, majority stakeholder Tata Trusts issued a statement on Thursday saying it \u201crespects\u201d <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/n-chandrasekaran\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\" target=\"_blank\" rel=\"noopener\">N Chandrasekaran<\/a>\u2019s decision not to offer himself for reappointment. Trusts control over 51.4% in Tata Group\u2019s holding company.<span class=\"id-r-component br\" data-pos=\"6\"\/>The statement, coming a day after Chandra said he would step down at the end of his five-year term in Feb 2027, puts Tata Trusts chairman Noel Tata, who is one of its two nominee directors on Tata Sons board, at the centre of the succession process.<span class=\"id-r-component br\" data-pos=\"8\"\/>Sir Dorabji Tata Trust (SDTT), Tata Sons\u2019 largest shareholder with a 27.9% stake, passed a resolution on Thursday to begin setting up a selection committee \u201cas soon as possible in accordance with Tata Sons Articles of Association\u201d to recommend a new chairman. <!-- -->Noel led the two-hour meeting, attended by the other five SDTT trustees.<span class=\"id-r-component br\" data-pos=\"13\"\/>The process faces a procedural hurdle though. Sir Ratan Tata Trust (SRTT), the second-largest shareholder with a 23.5% stake, cannot currently hold a meeting because of a restraining order placed on it by the public charities regulator. Under Article 118 of Tata Sons\u2019 AoA, a five-member committee must be constituted to choose a new chairman provided SDTT and SRTT together hold at least 40% of Tata Sons, which the two trusts comfortably do. Three committee members must be \u201cjointly chosen by SDTT and SRTT\u201d \u2014 they need not be the trusts\u2019 nominees on Tata Sons board. The remaining two to be selected by Tata Sons board would have to be an existing board member and one independent outsider.<span class=\"id-r-component br\" data-pos=\"17\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Tata Trusts: Chandra emailed his decision to Noel &amp; Venu<\/span><span class=\"id-r-component br\" data-pos=\"19\"\/>The committee can meet only if a majority of SDTT and SRTT nominees are present \u2014 so while SDTT has started the succession process, it cannot move forward until the order against SRTT is lifted.<span class=\"id-r-component br\" data-pos=\"22\"\/>\u201cSDTT has set the ball rolling but this won\u2019t move the needle so long as SRTT remains under ban,\u201d a person close to Noel Tata said. \u201cSRTT has requested the Maharashtra charity commissioner to lift the restraining order but it is yet to hear from his office.\u201d<span class=\"id-r-component br\" data-pos=\"24\"\/>Thursday\u2019s move comes against backdrop of tensions between Chandrasekaran and Noel over business policies, which contributed to Chandrasekaran\u2019s decision to leave the 158-year-old, $185 billion conglomerate after four decades. <!-- -->Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12: \u201cHe conveyed his decision to not offer himself for re-appointment as chairman upon the expiry of his current tenure on Feb 20, 2027.<!-- -->\u201d<span class=\"id-r-component br\" data-pos=\"30\"\/>SDTT said it respected the decision and thanked Chandrasekaran for his \u201ccontribution and stewardship\u201d of Tata Sons and Tata Group during a decade of \u201csignificant change, growth and transformation\u201d. <!-- -->Tata Trusts said it supported a \u201csmooth, timely and orderly transition of leadership\u201d.<span class=\"id-r-component br\" data-pos=\"34\"\/>When Cyrus Mistry was removed as Tata Sons chairman in 2016, a five-member committee comprising Ratan Tata, Venu Srinivasan, former Tata Trusts trustee Amit Chandra, ex-Tata Sons director Ronen Sen and Prof Kumar Bhattacharya selected Chandrasekaran as his successor.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/tata-trusts-kicks-off-process-to-pick-chandrasekarans-successor\/articleshow\/133226793.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12 MUMBAI: Setting in motion the process of finding the next chairman of Tata Sons, majority stakeholder Tata Trusts issued a statement on Thursday saying it \u201crespects\u201d N Chandrasekaran\u2019s decision not to offer himself for reappointment. Trusts control over 51.4% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-12135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12 MUMBAI: Setting in motion the process of finding the next chairman of Tata Sons, majority stakeholder Tata Trusts issued a statement on Thursday saying it \u201crespects\u201d N Chandrasekaran\u2019s decision not to offer himself for reappointment. Trusts control over 51.4% [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":12,"magazineBlocksPostReadTime":3,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/n-chandrasekaran-leaves-bombay-house.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/12135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12135"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/12135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/12136"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}