Tata Sons Chairman to Step Down in 2027 After Board Deadlock

Tata Sons Chairman N Chandrasekaran, 63, will not seek reappointment when his term ends February 20, 2027. One unnamed board member withheld support for a five-year extension in February. Shares of listed Tata companies — including Air India, Tata Steel, and Jaguar Land Rover — plunged. Tata Trusts, a charitable arm owning 66% of Tata Sons, holds three board seats, complicating succession.