Venu Srinivasan and Vijay Singh, vice‑chairmen of Tata Trusts, have formally questioned Noel Tata’s proposal to merge two Tata Sons subsidiaries, arguing the move was taken without proper trust board approval.
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A company owned by the family of Tata Sons chairman N. Chandrasekaran is developing a ₹330 crore auto‑components park for TVS Motor in Karnataka, a deal that was not disclosed to the Tata Sons board.
Venu Srinivasan, a trustee of the Sir Dorabji Tata Trust, has written to Maharashtra’s Charity Commissioner seeking an inquiry into Noel Tata’s appointment and the trust’s involvement in Tata Sons’ business matters.
A split vote at Tata Sons' board on September 17 2026 reignited a power struggle between Tata Trusts and the conglomerate over the re‑appointment of N Chandrasekaran and a potential stock‑exchange listing.
Tata Sons must hold a new AGM before December to decide whether chair N Chandrasekaran retains his director seat, a vote that hinges on the stance of the controlling Tata trusts.
Tata Trusts says the September 17 board resolution to re‑appoint N. Chandrasekaran as chairman of Tata Sons was invalid because the required affirmative support of its nominee directors was not met.
The clash over N Chandrasekaran’s third term as Tata Sons chair has reignited discussion on whether separating ownership from control is a viable model for Indian conglomerates.
A showdown at Tata Sons sees the board reappointing N Chandrasekaran despite opposition from majority shareholder Tata Trusts, while a public listing of the holding company looms.
HDFC Bank chief executive Sashidhar Jagdishan said he will not seek reappointment and will retire on Oct. 26, 2026, as the board moves to appoint a successor amid recent regulatory scrutiny.
Better Home & Finance removed founder Vishal Garg as chief executive after a unanimous board vote, citing poor judgment and a $1.5 billion loss record.