N Chandrasekaran reappointed Tata Sons Executive Chairman

Jamshedpur, Feb 11: The Board of Tata Sons at its meeting on February 11 reviewed the last five years and considered the reappointment of its Executive Chairman N Chandrasekaran.

Ratan. N. Tata who was a special invitee to this meeting expressed his satisfaction on the progress and performance of the Tata Group under the leadership of N Chandrasekaran. He recommended his term be renewed for a further five-year period.

The Board members commended the performance of the Executive Chairman and unanimously approved the reappointment of N Chandrasekaran as the Executive Chairman for the next five years.

N Chandrasekaran said, “It has been a privilege to lead the Tata Group for the last five years and I am delighted at the opportunity to lead the Tata Group for another five years, in its next phase.”

Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture.

In 2020-21, the revenue of Tata companies, taken together, was $103 billion (INR 7.7 trillion). These companies collectively employ over 800,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of $314 billion (INR 23.4 trillion) as on December 31, 2021. Companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Tata Communications, Indian Hotels, Tata Digital and Tata Electronics.