A battle for control of the Tata Group, India’s biggest business empire
A power struggle at Tata Group pits founding trusts against managers and government over whether Tata Sons should list, testing who controls India’s largest conglomerate.
Tata Sons chairman Natarajan Chandrasekaran was re-elected after he earlier said he would seek a new five-year term.
Alex Travelli
- The Tata Group is in a power struggle over who controls India’s biggest business empire: the founding trusts, professional managers, or the government.
- Noel Tata and the trusts want Tata Sons to stay private, while chair Natarajan Chandrasekaran and some board members now back a stock market listing.
- The dispute matters because Tata is central to Indian life, and a listing could weaken family control, raise capital, and reshape corporate power in India.
MUMBAI, India – Who actually controls India’s biggest company?
A bitter power struggle over the Tata Group, a 158-year-old conglomerate with more than one million employees worldwide and US$180 billion (S$230 billion) in annual revenue, has become a test of who calls the shots in Indian capitalism: owners, professional managers or the government.
Source: The Straits Times https://www.straitstimes.com/business/a-battle-for-control-of-the-tata-group-indias-biggest-business-empire?ref=latest
