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An important step is being taken to ensure top leadership continuity at the Tata Group, one of India’s largest and most prestigious business houses. The board of directors of Tata Sons is going to hold an important meeting on Tuesday, in which group chairman N. Chandrasekaran’s tenure will be considered for extension for a third consecutive five-year term.
Preparation to take command by 2032
If the board of Tata Sons gives its approval to this proposal, N., popularly known as ‘Chandra’. Chandrasekaran will secure his position as chairperson of the group till the year 2032. Keep in mind that his current second term is going to end in February 2027. This expansion at the helm of India’s most diverse and large business group aims to provide stability in leadership and a clear strategic continuity.
From 1987 to the peak of Tata Sons
N. Chandrasekaran has had a long and illustrious corporate journey with the Tata Group. He started his career with the company in the year 1987. Subsequently, he successfully served as the Chief Executive Officer and Managing Director of Tata Consultancy Services from the year 2009. On 25 October 2016, he was appointed to the board of Tata Sons. Later, in 2017, Chandra was handed over the entire reins of the Tata Group holding company amid the controversies that arose after the removal of former chairman Cyrus Mistry from the post. Presently N. is on this powerful board of Tata Sons. Apart from Chandrasekaran, the cast includes Venu Srinivasan, Anita George, Noel Tata, Harish Manwani and Saurabh Aggarwal. This meeting will not be limited to just deciding the future of the leadership; It is expected that during this period the Board will also thoroughly review important business updates related to the major companies of the Tata Group.
The group is betting on AI
Tata Group is rapidly working on future technologies under the leadership of Chandrasekaran. The group has bet big on Artificial Intelligence (AI) and has partnered with ‘OpenAI’ to develop inclusive solutions at scale. Chandrasekaran himself believes that AI is a ‘civilizational shift’ and sees it as a huge opportunity for India’s IT sector. N. The decision on Chandrasekaran’s third term will signal that Tata Sons wants to move ahead with its current vision and technological transformation without any hindrance. Shareholders and the corporate world will be keeping a keen eye on the final decisions emanating from this meeting on February 24, as it will play an important role in deciding the future direction of India’s corporate landscape.