Noel Tata pushes Tata Sons board to scrutinize $11B bets as Digital, Air India losses mount
Tata Sons held its first detailed board review of loss-making new ventures, with Noel Tata instituting twice-yearly check-ins. Air India faces ~$3B FY26 loss, Tata Digital posted ₹4,610 cr FY25 loss. Chandrasekaran's reappointment up for discussion June 12.
Tata Sons board, prodded by Noel Tata, held first detailed review of loss-making new businesses including Tata Digital and Air India, with twice-yearly reviews planned. Chandrasekaran's reappointment to be discussed 12 June amid mounting losses.
Why this matters
Follows a 6-hour board grilling of 5 loss-making units and Chandrasekaran's pending pitch of a revised roadmap to both the board and Tata Trusts, signaling a governance reset under Noel Tata.
Leadership signals steady at 99 over the past 90 days, reflecting sustained governance scrutiny across retail conglomerates.
Also reported by
- Mint — Same time