Tata Sons Chairman Natarajan Chandrasekaran has stepped down from his position on Wednesday, according to sources, ahead of the company's Annual General Meeting scheduled for August 18.
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Natarajan is popularly known as N. Chandrasekaran or 'Chandra' took over as the Chairman of Tata Sons in 2017, becoming the first non Parsi to lead the over 150 year old Tata Group. Agead of taking this position, he served as the CEO and Managing Director of Tata Consultancy Services (TCS), where he played a key role in transforming the company into one of the world's leading IT services firms.
It must be noted that under his leadership the company expanded itself into several sectors such as – aviation, electronics, digital technology, and semiconductors, while also overseeing major acquisitions and business restructuring.
Although Chandrasekaran's current term as chairman is valid until February 2027, his continuation in the role depends on reappointment. Sources indicate that he is unlikely to seek another term. If confirmed, his departure would pave the way for an unexpected leadership transition at one of India's largest business conglomerates.
His resignation comes amid reported differences with Tata Trusts Chairman Noel Tata and growing tensions with certain shareholders, according to sources. Neither Tata Sons nor Chandrasekaran has officially commented on the development.