India’s Tata defers call on chairman’s reappointment

AFP | Mumbai

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The holding company of India’s corporate giant Tata Group postponed a decision on renewing its chairman’s term yesterday, adding to the uncertainty facing the conglomerate.

Tata Sons is the single largest shareholder in firms like IT giant Tata Consultancy Services and Tata Motors, which owns British luxury car maker Jaguar Land Rover.

The tenure of Tata Sons’ current chairman, 62-year-old N Chandrasekaran, is set to end in February 2027.

On Tuesday, the Tata Sons board deferred taking a call on whether Chandrasekaran should be granted another five-year term, which would be his third.