Tata Group Shares: Shares of Tata Group companies are going to be in focus these days. Actually, Tata Sons, the holding company of Tata Group, is calling its board meeting on 24th February. In this, the directors of the company are the current chairman N. The proposal to approve Chandrasekaran’s third term can be considered. His current tenure is going to end in February 2027.
Took command for the first time in 2017
Chandrasekaran was elected chairman of Tata Sons for the first time on 21 February 2017. After this, he was re-appointed for 2022 without any consent. Now, an important leadership review is required, which can shape the future strategy of the salt-to-semiconductors group.
The meeting will focus on several big companies of Tata Group like Tata Consultancy Services, Tata Electronics and Air India and their financial and operational performance is also likely to be reviewed.
Tata’s history of providing long term service
If his third term is approved at the board meeting, he will also become the longest serving chairman in the history of Tata Group. Before him, Jamsetji Tata handled the responsibilities of the company well for 36 years, JRD Tata for 52 years and Ratan Tata for 23 years.
Retirement policy relaxation!
With the approval of the proposal, the age limit of 62 year old Chandrasekaran can also be relaxed. Anyway, last year itself, Tata Trusts, the largest shareholder of Tata Sons, had recommended extension of his tenure.
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