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N. Chandrasekaran to step down as chairman of Tata Sons | 5 key questions answered

admin — Wed, 12 Aug 2026 11:11:00 +0000

Tata Sons chairman Natarajan Chandrasekaran. File
| Photo Credit: Reuters

Natarajan Chandrasekaran, chairman of Tata Sons, has announced that he would not be seeking a reappointment when his 5-year term ends in February 2027, marking a major shift at the helm of one of India’s biggest conglomerates. The development will have larger ramifications as the business sector looks at who would take over the reins of Tata Sons from Mr. Chandrasekaran, who has been the chairman for nearly a decade.

Here’s a low-down on the developments at Tata Sons’ helm and Chandrasekaran’s imminent exit in FAQs.

What led to N. Chandrasekaran’s decision to step down as chairman of Tata Sons?

In a statement released on August 12, 2026, Mr. Chandrasekaran said that he decided not to seek reappointment as chairman in the absence of unanimous support within the Tata Sons Board for the extension of his five-year term. He explained that Sir Dorabji Tata Trust and Sir Ratan Tata Trust — majority shareholders in Tata Sons — had recommended the extension of his next term, but one board member had not supported the proposal which was tabled in the Tata Sons Board in February 2026. There have also been reports of disagreements between the 63-year-old chairperson and the Tata Trusts, which owns 66% of Tata Sons.

Has he resigned with immediate effect?

No, Mr. Chandrasekaran has not resigned but has decided not to seek a reappointment as chairman of Tata Sons. He will continue in the top post till his tenure ends on February 20, 2027.

Who will succeed him as Tata Sons’ chairman?

Neither Mr. Chandrasekaran nor Tata Group have named a successor. But in his statement, Mr. Chandrasekaran said he has asked the Board to decide on the succession soon to ensure a proper transition. Notably, the announcement comes days before Tata Sons’ annual general meeting (AGM) on August 18.

What are the immediate ramifications of Chandrasekaran’s decision not to seek a third term?

The news of Mr. Chandrasekaran’s decision to step down has adversely affected the Tata Group stocks. The stocks of the conglomerate’s companies, including India’s largest IT services firm, Tata ‌Consultancy Services, and Tata Motors PV, fell with TCS recording a drop of nearly 6%.

When did he become the Tata Sons’ chief?

Mr. Chandrasekaran became the chairman of Tata Sons in February 2017 after Cyrus Mistry was sacked in a dramatic development in 2016. Mr. Chandrasekaran then became the first chairman with no familial relationship to the Tata family, and the third without the Tata surname. In 2022, he was reappointed for a five-year term which ends in 2027. Mr. Chandrasekaran, who joined TCS as a software programmer in 1987, has completed nearly 40 years with Tata Group.

(With inputs from Bureau, Reuters and other agencies)

Published – August 12, 2026 04:41 pm IST

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Tata Group stocks rise up to 10% after Ratan Tata’s demise

admin — Thu, 10 Oct 2024 07:05:22 +0000

Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming Tata Group into a global conglomerate, passed away late on October 9.
| Photo Credit: PTI

Shares of Tata Group companies on Thursday (October 10, 2024) rose up to 10%, with Tata Chemicals and Tata Teleservices among the major gainers.

Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming the group into a global conglomerate, passed away late on Wednesday (October 9, 2024). He was 86.

Ratan Tata death reactions live updates

“Investors can pay tribute to Ratan Tata and the great corporate empire he built by buying stocks like TCS, Tata Motors, Tata Steel, Tata Consumer and Indian Hotels.

“Ratan Tata, while pursuing the group’s growth, contributed substantially to India’s growth and millions of ordinary investors gained from the great man’s vision,” V.K. Vijayakumar, chief investment strategist at Geojit Financial Services, said.

The stock of Tata Investment Corporation soared 10.47% to trade at ₹7,235.80 apiece, Tata Chemicals climbed 6.26% to ₹1,174.85, Tata Teleservices Maharashtra jumped 5.84% to ₹83.77, Tata Elxsi rose 3.37% to ₹7,867.80, Tata Power went up 2.56% to ₹472.70 on the BSE.

Also, shares of Tata Technologies, Rallis India, Nelco, Tejas Networks, TajGVK Hotels & Resorts, and Indian Hotels & Company also rose on the bourse.

In addition, the scrip of Tata Steel rose 0.91%, Tata Communications (0.84%), Tata Consultancy Services (0.21%), Tata Consumer Products (0.17%), Voltas (0.24%) and Automotive Stamplings & Assemblies (0.23%) on the BSE.

However, Tata Group’s retail firm Trent slipped 0.90% to trade at ₹8,146.35 apiece, Titan fell 0.81% to ₹3,465.80 and Tata Motors was down 0.40% to ₹935.35 per scrip.

The 30-share BSE Sensex jumped 198.28 points, or 0.24%, to 81,665.38 in the mid-session trade on Thursday.

Investors should learn from the growth of the Tata empire that a long-term investment horizon is required to really participate in the wealth creation that happens through the capital market. In a bull market like the present one, there will always be valuation concerns, Mr. Vijayakumar added.

Tata Consultancy Services (TCS) has cancelled a press conference scheduled on Thursday (October 10, 2024) evening to announce its second quarter performance, company officials said.

The press conference was originally scheduled at 1730 hours on Thursday (October 10, 2024).

As originally scheduled, TCS will inform the exchanges about its July-September performance after the board meeting, the officials said.

A scheduled call with analysts at 7 p.m. will be held as per schedule, they said.

The last rites of Ratan Tata, who passed away late on Wednesday (October 9, 2024) evening, are scheduled to take place after 4 p.m. at central Mumbai’s Worli on Thursday (October 10, 2024).

Tata breathed his last on Wednesday (October 10, 2024) evening at a city hospital.

Published – October 10, 2024 12:35 pm IST

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Markets Today: Sensex climbs 226 points in early deals on buying in IT stocks after TCS earnings

admin — Fri, 12 Jul 2024 04:49:48 +0000

The bull statue at the Bombay Stock Exchange building, in Mumba.
| Photo Credit: PTI

Equity benchmark indices rallied in early trade on Friday, July 12, 2024, amid buying in IT stocks after TCS announced its June quarter earnings.

The 30-share BSE Sensex climbed 226.11 points to 80,123.45 in early trade. The NSE Nifty went up by 82.1 points to 24,398.05.

Among the Sensex pack, Tata Consultancy Services climbed over 2 per cent after the country’s largest IT services player reported 8.7 per cent growth in the June quarter net profit at ₹12,040 crore.

Infosys, Axis Bank, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra and HCL Technologies were the other major gainers.

Maruti, Asian Paints, Bharti Airtel and ITC were among the laggards.

“The positive domestic cue is the better-than-expected numbers from TCS and positive management commentary which can lift most IT stocks,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

In Asian markets, Hong Kong quoted higher while Seoul, Tokyo and Shanghai traded lower.

US markets ended mostly lower on Thursday.

Global oil benchmark Brent crude climbed 0.25 per cent to USD 85.59 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,137.01 crore on Thursday, according to exchange data.

Retreating from early highs, the BSE benchmark closed lower by 27.43 points or 0.03 per cent at 79,897.34 on Thursday. The NSE Nifty edged down 8.50 points or 0.03 per cent to settle at 24,315.95.

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TCS Q1 results: Net profit rises 8.7% to ₹12,040 crore; CEO says strong start to new fiscal

admin — Thu, 11 Jul 2024 11:17:37 +0000

TCS’ net profit fell 3.1% compared to March quarter. File
| Photo Credit: Reuters

India’s largest IT services company Tata Consultancy Services (TCS) on July 11 posted an 8.7% year-on-year rise in its consolidated net profit at ₹12,040 crore in the first quarter ended June 2024.

The net profit for the year-ago period stood at ₹11,074 crore.

The company, which competes in the IT services market with the likes of Infosys, Wipro and HCLTech, reported a 5.4% increase in its revenue at ₹62,613 crore for the quarter just ended.

Sequentially, however, the net profit fell 3.1% compared to March quarter.

“I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets,” K Krithivasan, Chief Executive Officer and Managing Director of TCS, said in a release.

The company is continuing to expand its client relationships, create new capabilities in emerging technologies and invest in innovation, including a new AI-focused TCS PacePort in France, IoT lab in the US, and expanding delivery centres in Latin America, Canada and Europe, Mr. Krithivasan added.

Samir Seksaria, Chief Financial Officer, noted that despite the usual impact of the annual wage increments in this quarter, the company delivered strong operating margin performance validating its efforts towards operational excellence.

“I am delighted to announce the successful completion of our annual increment process. Our continued focus on employee engagement and development led to industry-leading retention and strong business performance, with the net headcount addition being a matter of immense satisfaction,” Milind Lakkad, Chief HR Officer, said.

TCS has declared an interim dividend of ₹10 per equity share of ₹1 each.

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