Tata Sons

Tata Sons Private Limited

Founded	8 December 1917;107 years ago (1917-12-08) [1]
Headquarters	Bombay House, Mumbai, Maharashtra, India [2]
Area served	Worldwide
Key people	Natarajan Chandrasekaran (chairman and Managing Director) Saurabh Agrawal (CFO) [3]
Revenue	₹38,835 crore (US$4.6 billion) (FY 25) [4]
Net income	₹26,232 crore (US$3.1 billion) (FY 25)
Owner	Tata Trusts (66%)
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 affiliate companies of Tata Group, as well as its land holdings across India, tea estates and steel plants. It derives its revenue from dividends from these companies, and owns the Tata trademark 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 Tata Group's profits and structuring them into the right direction, ^[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]

Subsidiaries

Tata Capital

Tata Capital Limited is an Indian financial and investment services company, based in Mumbai. It is a subsidiary of Tata Sons and has more than 700 branches across the country. ^[19] The firm offers consumer loans, wealth management, commercial finance, and infrastructure finance, among others. ^[20] It was established in 2007. ^[21]

Major holdings

Listed companies

As of 30 June 2025, Tata Sons' owns stakes in 15 listed companies: ^[22]

Company	Stake (%)	Value
Indian Hotels Company	35.7	₹39,295 crore (US$4.6 billion)
Tata Chemicals	31.9	₹7,617 crore (US$900 million)
Tata Communications	14.1	₹6,254 crore (US$740 million)
Tata Elxsi	42.2	₹14,165 crore (US$1.7 billion)
Tata Consumer Products	28.7	₹30,630 crore (US$3.6 billion)
Tata Investment Corporation	68.5	₹23,478 crore (US$2.8 billion)
Tata Motors	40.2	₹103,131 crore (US$12 billion)
Tata Power	45.2	₹55,982 crore (US$6.6 billion)
Tata Steel	31.8	₹66,395 crore (US$7.9 billion)
Tata Consultancy Services	71.7	₹805,435 crore (US$95 billion)
Titan Company	20.8	₹68,310 crore (US$8.1 billion)
Trent	32.5	₹64,619 crore (US$7.6 billion)
Tata Teleservices	19.6	₹2,210 crore (US$260 million)
Voltas	26.6	₹12,475 crore (US$1.5 billion)
Hemisphere Properties	8.3	₹407 crore (US$48 million)

Unlisted companies

Tata Sons also holds stakes in a number of unlisted companies, including Tata Capital (92.83%), ^[23] Tata Projects (73.25%), ^[24] Tata Advanced Systems (100%), ^[25] and Air India (73.82%), among others. ^[4]

Board of directors

As of September 2025, the Tata Sons board consists of six members: ^{[26] [27]}

Position	Personnel
Executive Chairman	Natarajan Chandrasekaran
Non-Executive Director	Venu Srinivasan
Director	Noel Tata
Independent Director	Harish Manwani
Independent Director	Anita M. George
Executive Director	Saurabh Agrawal

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. ^[28] 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. ^{[29] [30]} Pallonji's shareholding was divided equally between his two sons, Shapoor Mistry and Cyrus Mistry, who died in September 2022. ^[31]

• 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) [32]	1	0.00	Others

See also

• Companies portal

• Forbes Global 2000
• Fortune India 500
• List of companies of India
• List of corporations by market capitalization
• List of largest companies by revenue
• Make in India

References

1. "TATA SONS PRIVATE LIMITED". Zauba Corp.
2. "About us". www.tatatrusts.org. Tata trusts – official website. Archived from the original on 1 November 2018. Retrieved 1 November 2018.
3. "Tata Sons appoints Saurabh Agrawal as group CFO". Reuters. 22 May 2017. Retrieved 31 October 2024.
4. "Tata Sons Annual Report FY25" (PDF). 26 August 2025.
5. Pocha, Jehangir (12 December 2011). "Tata Sons: Passing the Baton". Forbes. Archived from the original on 1 November 2018. Retrieved 1 November 2018.
6. Rich, Andrew (1 February 2010). "Think Tanks". International Encyclopedia of Civil Society. pp. 1543–1546. doi:10.1007/978-0-387-93996-4_99. ISBN   978-0-387-93994-0.
7. Subramanian, N (1 November 2018). "Trusting the family: a short history of Tata sons ownership" (PDF). Business Standard. Archived (PDF) from the original on 17 April 2018. Retrieved 1 November 2018.
8. "Tata Sons via @tatacompanies". Archived from the original on 26 December 2018. Retrieved 16 May 2017.
9. "Tata Sons looks to shed its public ltd tag for pvt ltd". Times of India. 16 September 2017. Archived from the original on 28 August 2018. Retrieved 9 July 2018.
10. Mandavia, Megha (22 September 2017). "Tata Sons' shareholders vote to become a private company". Economic Times. Archived from the original on 9 July 2018. Retrieved 9 July 2018.
11. ET NOW (24 August 2018). "NCLAT refuses to stay Tata Sons conversion to private co". The Economic Times. Times of India.
12. Rautray, Samanwaya (11 January 2020). "Tata vs Mistry: Supreme Court stays NCLAT order favouring Cyrus Mistry". The Economic Times. Archived from the original on 16 March 2020. Retrieved 22 January 2020.
13. Roy, Sukanya (2 January 2020). "How Cyrus Mistry won the battle to reclaim chairmanship of Tata Sons". Business Standard. Archived from the original on 4 April 2020. Retrieved 9 April 2020.
14. "Tata-Mistry Case: Cyrus Mistry Files Appeal In Supreme Court Seeking More Relief From NCLAT". BloombergQuint. Bloomberg Quint. 17 February 2020. Archived from the original on 21 February 2020. Retrieved 21 February 2020.
15. "Tata Mistry Case: Supreme Court upheld Tata Sons' decision to sack Cyrus Mistry as chairman | India Business News - Times of India". The Times of India. 26 March 2021. Retrieved 19 October 2021.
16. "Tata Sons IPO Listing Update: Big update on Tata Group's much-awaited next public issue". ET Now News. Retrieved 6 March 2024.
17. "Tata Sons May Be Valued at Up to $96 Billion in IPO, Spark Says". Bloomberg. 5 March 2024. Retrieved 6 March 2024.
18. "Air India-Vistara: India's luxury airline flies into the sunset". BBC News. 11 November 2024. Retrieved 12 November 2024.
19. "Tata Capital Ltd – Bloomberg". 15 December 2017. Retrieved 15 December 2017.
20. "Thomas Cook buys Tata Capital subsidiaries". 25 September 2017. Archived from the original on 22 December 2017. Retrieved 15 December 2017.
21. "Tata Capital ties up with Biz2Credit to reach out to small businesses in India". 22 April 2017. Retrieved 15 December 2017.
22. "Latest TATA Sons shareholdings and portfolio". Trendlyne.com. Retrieved 26 September 2025.
23. Mukherjee, Vasudha (5 April 2025). "Tata Capital files for confidential IPO with Sebi, eyes ₹15,000 cr listing". Business Standard. Retrieved 26 September 2025.
24. "Tata Sons invests ₹32,000 cr in FY25, up 24%". Communications Today. 24 July 2025. Retrieved 26 September 2025.
25. "India Ratings Affirms Tata Advanced Systems's Bank Facilities at 'IND AA'/Stable & CP at 'IND A1+'". India Ratings. Retrieved 26 September 2025.
26. "Leadership". www.tata.com. Tata Sons – official website. Archived from the original on 1 May 2020. Retrieved 20 April 2020.
27. Zachariah, Reeba (12 September 2025). "Tata Trusts vice-chairman Vijay Singh exits Tata Sons board". The Times of India. Retrieved 10 October 2025.
28. Balachandran, Manu (26 October 2016). "Pallonji Mistry—an Indian Irish billionaire's journey from outsider to kingmaker to opponent at the Tata Group". Quartz India.
29. Zachariah, Reeba (13 December 2011). "Tata Sons: How Shapoorji Pallonji Mistry family checked into the group". Economic Times. Archived from the original on 29 October 2016. Retrieved 9 April 2020.
30. Manghat, Sajeet (5 November 2016). "The Mistry Family Came On Board Tata Sons By Chance And May Exit By Force". Bloomberg Quint.
31. "Former chairman of Tata Sons Cyrus Mistry killed in road accident | India News - Times of India". The Times of India. 4 September 2022. Retrieved 4 September 2022.
32. Alikhan, Anvar (28 March 2017). "The mysterious man who owns one solitary share in the unlisted Tata Sons". Scroll.in. Archived from the original on 28 March 2017. Retrieved 28 March 2017.

External links

• Tata Sons' official profile
• "Here's a brief history of the Tata Group's six chairmen"
• Twentieth Century Impressions of Hongkong, Shanghai, and Other Treaty Ports of China: Their History, People, Commerce, Industries, and Resources, Volume 1, by Arnold Wright; Lloyds Greater Britain publishing company, UK; 1908, pp. 228 & 638.]