I have completed 40 years of professional life at the Tata Group. I am grateful for the
immensely satisfying opportunity to contribute to this venerable institution. Leading
Tata Sons over the past decade has been a great honour and a profound responsibility.
My current tenure as the Chairman of Tata Sons comes to an end on Feb 20, 2027. Sir
Dorabji Tata Trust and Sir Ratan Tata Trust had unanimously resolved and recommended
the extension of my next term for a period of five years, which was recorded and
recommended by the Tata Sons Nomination and Remuneration Committee and the
Board. Subsequently, the resolution was tabled in the Tata Sons Board on Feb 24, 2026.
However, the proposal was not carried through because one of the Board Members did
not support it, and in the absence of unanimous support, I chose to defer the decision.
It has been 6 months since that Board meeting, and no resolution has been reached till
date.
Tata Sons is a very large institution and there are many strategic projects that are under critical stages of execution. It is not only necessary to have a leader in place To lead the Group beyond Feb 2027, but also clarity on leadership is important For employees, investors, partners and other stakeholders. Under these circumstances, earlier today, I have communicated to the Tata Sons Board, that I have decided not to offer myself for reappointment when my term ends on Feb 20, 2027. I have asked the Board to decide on the succession soon to ensure a Proper transition.