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Tata Sons sticks with Chandrasekaran as chief

Executive chairman with no family ties gets 5 more years as Indian group branches out

Still in the driver's seat: Natarajan Chandrasekaran has been named executive chairman of Tata Sons for five more years.   © Reuters

MUMBAI -- Tata Sons, the holding company of top Indian conglomerate Tata Group, has reappointed Executive Chairman Natarajan Chandrasekaran for five more years as it diversifies operations.

Chandrasekaran took his post in 2017 as the first chairman with no familial ties to the founding Tata family. He had served as CEO of information-technology-focused Tata Consultancy Services.

At a Tata Sons board meeting Friday, Chairman Emeritus Ratan Tata expressed satisfaction with the group's performance under Chandrasekaran and recommended renewing his appointment, the company said in a news release.

"I am delighted at the opportunity to lead the Tata Group for another five years, in its next phase," Chandrasekaran was quoted as saying.

Founded in 1868, Tata Group spans businesses as varied as automobiles, steel, electric power, hotels and salt. It brought online grocery startup BigBasket under its umbrella in 2021 and took over debt-laden Air India from government control last month, regaining the flagship carrier after decades of nationalization.

Chandrasekaran's appointment in 2017 came after the dismissal of Cyrus Mistry as executive chairman. A legal battle ensued, ending just last year when the Supreme Court ruled in favor of Tata and upheld Mistry's removal.

The group says it employs more than 800,000 people and generated $103 billion in revenue for fiscal 2020.

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