The Tata Group is in the middle of its most serious internal governance crisis in decades. Tata Trusts, which owns 66% of Tata Sons, and the Tata Sons board, which runs India's largest conglomerate, are locked in a battle over who controls the $185 billion empire.
On September 17, 2026, the Tata Sons board voted 4-1 to reappoint N Chandrasekaran as Executive Chairman for another five years. Tata Trusts Chairman Noel Tata called the decision "illegal", as per a Moneycontrol report.
Tata Trusts is a collective of philanthropic entities. It owns about 66% of Tata Sons, the holding company for the Tata Group. This ownership gives the trusts ultimate control. Under the Tata Sons Articles of Association, the trusts appoint one-third of the directors and hold special veto powers over key decisions, including the appointment of the chairman.
