For the first time, Tata Sons Chairman N. Chandrasekaran directly addressed the board of Tata Trusts, providing a detailed update on the conglomerate’s business performance and outlining strategic priorities for the future.
The meeting took place at Bombay House on July 8 and was attended by key trustees including Noel Tata, Mehli Mistry, Venu Srinivasan, Pramit Jhaveri, Darius Khambata, Vijay Singh, and Jehangir C Jehangir.
Chandrasekaran covered key areas of the group’s operations, including progress in semiconductors, electric mobility, digital platforms, Tata Electronics, and the turnaround efforts at Air India.
He presented data on revenues, valuation trends, and profitability, while also highlighting the group’s future direction and ongoing investment strategy.
He also discussed Tata Sons’ response to the recent Air India crash in Ahmedabad, detailing support extended to victims’ families, compensation plans, and a proposal to establish a dedicated long-term trust to assist those affected. This effort underlined the group’s focus on accountability and social responsibility.
Tata Sons has invested over â‚ą1.84 lakh crore (approximately $22 billion) in new ventures across key growth areas, and an additional â‚ą30,000 crore is being allocated for future initiatives in batteries, defence, electronics, and digital services.
The move to directly brief the Trusts is seen as a shift toward improved communication and governance within the Tata Group, reinforcing collaboration between Tata Sons and its majority shareholder.
