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Tata Sons Private Limited
Founded	1917; 108 years ago
Headquarters	Bombay House, Mumbai, Maharashtra, India
Area served	Worldwide
Key people	Natarajan Chandrasekaran (chairman and Managing Director); Saurabh Agrawal (CFO);
Revenue	₹43,893 crore (US$5.1 billion) (FY 24)
Net income	₹34,654 crore (US$4.1 billion) (FY 24)
Owner	Tata Trusts (66%)
Subsidiaries	Tata Group
Website	tata.com

Tata Sons Pvt. Ltd. is the holding company of the Tata Group, headquartered in Mumbai. It owns the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants, and derives its revenue from dividends from these companies and brand loyalty fees. Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries.^[5]

Tata Sons was established as a trading enterprise in 1917, and engaged primarily in the overseeing of profits and structuring them into the right direction of the Tata Group,^[6] before moving from conducting businesses directly to becoming the principal holding company of Tata Group.^[7] About 66% of its equity capital is held by philanthropic trusts endowed by members of the Tata family. The biggest two of these trusts are the Sir Dorabji Tata Trust and Sir Ratan Tata Trust.^[8]

History

Natarajan Chandrasekaran took over as Chairman of Tata Sons on 21 February 2017. The company also undertook conversion from a public limited company to a private limited one in 2017;^[9]^[10] both these decisions were challenged in court by former executive chairman Cyrus Mistry.^[11]

In December 2019, NCLAT declared the conversion, and by extension, Chandrasekaran's chairmanship, illegal and restored Mistry. On 10 January 2020, however, the Supreme Court stayed NCLAT's order;^[12]^[13] in response, Mistry filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT.^[14] On 26 March 2021, the Supreme Court of India upheld Tata Sons' decision to sack Cyrus Mistry.^[15]

In March 2024, speculation arose about Tata Sons preparing for an Initial public offering (IPO), potentially valuing the company at up to $96 billion, according to investment advisory firm Spark.^[16]^[17]

In November 2024, Tata Sons reached an agreement with Singapore Airlines which saw Indian full-service carrier Vistara merge with Tata-owned Air India to form a single entity with an expanded network and broader fleet.^[18]

Board of directors

The Tata Sons Board of Directors consists of the following:^[19]

Position	Personnel
Chairman	Natarajan Chandrasekaran (Chairman, Tata Group)
Independent Director	Farida Khambata^[20]
Director	Venu Srinivasan (Chairman, TVS Group)
Non-Executive Director	Ajay Piramal (Chairman, Piramal Group & Shriram Group)
Additional Director	Ralf Speth (Former CEO, Jaguar Land Rover)
Director	Noel Tata
Independent Director	Harish Manwani
Director	Saurabh Agrawal (CFO, Tata Sons)

Shareholding pattern

Sir Dorabji Tata Trust and Sir Ratan Tata Trust are the two biggest shareholders of Tata Sons, with a combined stake of around 50%,^[8] while Pallonji Shapoorji Mistry was the largest individual shareholder.^[21] Pallonji's father, Shapoorji Pallonji Mistry, was a prominent construction magnate who acquired a significant stake of Tata Sons in the 1930s initially from Framroze Edulji Dinshaw, and finally when JRD Tata's younger brother, Dorab, sold his shares in a fit of anger.^[22]^[23] Pallonji's shareholding was divided equally between his two sons, Shapoor Mistry and Cyrus Mistry, who died in September 2022.^[24]

Total equity shares: 404,146 (₹10 each)

Shareholder	No of shares	Shareholding percentage	Part of
Sir Dorabji Tata Trust	113,067	27.98	Tata Trusts
Sir Ratan Tata Trust	95,211	23.56	Tata Trusts
Sterling Investment Corporation Private Limited	37,122	9.19	Shapoorji Pallonji Group
Cyrus Investment Private Limited	37,122	9.19	Shapoorji Pallonji Group
JRD Tata Trust	16,200	4.01	Tata Trusts
Tata Education Trust	15,075	3.73	Tata Trusts
Tata Social Welfare Trust	15,075	3.73	Tata Trusts
Tata Steel	12,375	3.06	Tata Group
Tata Motors	12,375	3.06	Tata Group
Tata Chemicals	10,237	2.53	Tata Group
RD Tata Trust	8,838	2.19	Tata Trusts
Tata Power	6,673	1.65	Tata Group
Noel Naval Tata	4,058	1.00	Tata family
Indian Hotels Company	4,500	1.11	Tata Group
Tata Industries Limited	2,295	0.57	Tata Group
MK Tata Trust	2,421	0.60	Tata Trusts
Tata International Limited	1,477	0.37	Tata Group
Tata Consumer Products	1,755	0.43	Tata Group
Piloo Minocher Tata	487	0.12	Tata family
Jimmy Naval Tata	3,262	0.81	Tata family
Ratan Naval Tata	3,368	0.83	Tata family
Sarvajanik Seva Trust	396	0.10	Tata Trusts
Tata Investment Corporation	326	0.08	Tata Group
Pallonji Shapoorji Mistry	108	0.03	Shapoorji Pallonji Group
Jimmy Minocher Tata	157	0.04	Tata family
Vera Farhad Choksey	157	0.04	Tata family
Simone Naval Tata	8	0.00	Tata family
Virendra Singh Chauhan (Raja of Chhota Udaipur) ^[25]	1	0.00	Others