Former Tata brass break cover to oppose Tata Sons listing as RBI deadline looms
Soonawala, Hussain and Gopalakrishnan have publicly pushed back against listing Tata Sons, warning it would erode the group's social purpose and long-horizon ethos. Tata Sons is seeking NBFC deregistration to dodge the September 30, 2025 mandatory-listing trigger from its 2022 RBI tag. Noel Tata is also against a listing.
Former Tata executives Soonawala, Hussain and Gopalakrishnan publicly oppose listing Tata Sons, arguing it would dilute the group's social purpose and long-term orientation. Tata Sons has sought NBFC deregistration to avoid mandatory listing; Noel Tata also opposes listing.