Tata Sons chairman N Chandrasekaran says he recommended deferment of decision on extension

Tata Sons Chairman N Chandrasekaran

Tata Sons chairman N Chandrasekaran told CNBC-TV18 on February 24 that he himself recommended deferring the decision on his reappointment at the board meeting. He added that there would be no change in the functioning or direction of the Tata Group.

“I recommended decision on my extension should be deferred. Nothing changes for Tata Group,” he said.

Earlier, the Tata group decided to defer Chandrasekaran's reappointment as Tata Sons boss for the next five years after disagreements developed with Tata Trusts chairman Noel Tata.

Chandrasekaran, 62, began his career at the Tata Group in 1987, eventually climbing the ranks to lead Tata Consultancy Services as CEO in 2009. He went on to assume the role of chairman at Tata Sons in February 2017.

At the recent board meeting, Tata Trusts chairman Noel Tata reportedly flagged concerns over losses at select group companies and sought a written assurance from Chandrasekaran that Tata Sons would not pursue a public listing.

Several directors rallied behind Chandrasekaran, maintaining that setbacks at individual businesses should not overshadow the conglomerate’s broader performance or diminish the chairman’s track record. While a few members pushed for a formal vote, Chandrasekaran is said to have recommended postponing the decision.