{"id":210541,"date":"2025-10-13T15:57:20","date_gmt":"2025-10-13T15:57:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/210541\/"},"modified":"2025-10-13T15:57:20","modified_gmt":"2025-10-13T15:57:20","slug":"tata-group-age-retirement-policy-no-bar-n-chandrasekaran-gets-third-term-as-chairman","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/210541\/","title":{"rendered":"Tata Group age retirement policy no bar: N Chandrasekaran gets third term as Chairman"},"content":{"rendered":"

Tata Trusts has approved a third term for Chairman N Chandrasekaran<\/a> \u2014 a first despite the Group’s retirement policy, which requires executives to step down at 65, according to an Economic Times report citing sources.<\/p>\n

LiveMint could not independently confirm the development.<\/p>\n

As per the report, Chandrasekaran’s second term ends in February 2027, when he will turn 65. Tata Trusts<\/a> did not have a comment, as per the report.<\/p>\n

Under the Tata Group’s retirement<\/a> policy, traditionally, executives are expected to retire at 65 but are allowed to hold non-executive roles till 70.<\/p>\n

Why extension for N Chandrasekaran?<\/p>\n

A source told the paper that the company considered \u201ccontinuity of functioning\u201d, while extending Chandrasekaran’s term beyond the traditional tenure.<\/p>\n

They added that his leadership \u201cwas necessary to see through critical projects like semiconductors<\/a>, batteries for electric vehicles, and Air India.\u201d<\/p>\n

\u201cThe Trusts resolution was sent to Tata Sons<\/a>, which will, of course, have to decide when approving a third term from 2027,\u201d the source added.<\/p>\n

What is the proposal?<\/p>\n

According to the report, highly placed sources said that Noel Tata<\/a> and Venu Srinivasan proposed extending Chandrasekaran’s term as Chairman for another five years at a meeting on 11 September.<\/p>\n

The resolution was unanimously approved, it added.<\/p>\n

N Chandrasekaran at the helm, not unexpected?<\/p>\n

Notably, Chandrasekaran’s second five-year term was approved in February 2022. He took the helm, moving from an executive role at Tata Consultancy Services<\/a> (TCS). He first joined the board of Tata Sons in October 2016 and was appointed Chairman in January 2017.<\/p>\n

Ketan Dalal, MD of Katalyst Advisors, a consulting firm, told the paper that this decision is not unexpected given the recent internal and external challenges at various Tata companies.<\/p>\n

\u201cTata is an extraordinary and respected conglomerate, but it is currently navigating a complex landscape of internal and external challenges, from the Air India<\/a> incident and rising geopolitical tensions to increasing market pressure around a potential Tata Sons IPO. At the same time, the group is making bold bets on strategic growth areas such as semiconductors, defence and aviation,\u201d he noted.<\/p>\n","protected":false},"excerpt":{"rendered":"Tata Trusts has approved a third term for Chairman N Chandrasekaran \u2014 a first despite the Group’s retirement…\n","protected":false},"author":2,"featured_media":210542,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[90186,64,63,99,129642,438,186,1209,129639,44,184,185,12869,129644,16619,129641,129640,129643],"class_list":["post-210541","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-appointment","tag-au","tag-australia","tag-business","tag-chairman","tag-company","tag-finance","tag-india","tag-n-chandrasekaran","tag-news","tag-personal-finance","tag-personalfinance","tag-retirement-age","tag-retirement-policy","tag-tata","tag-tata-group","tag-tata-sons","tag-third-term"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/210541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=210541"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/210541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/210542"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=210541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=210541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=210541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}