N Chandrasekaran resigns as Tata Sons chairman, ends decade tenure

N Chandrasekaran is the chairman of Tata Sons, one of India's biggest business groups.

He has led the company for nearly ten years.

He recently told the board that he will step down when his term ends on 20 February 2027.

He decided not to ask for another five-year term because one board member did not support giving him more time.

Even though two big Tata trusts wanted him to stay, no decision could be reached for six months.

So Chandrasekaran chose to leave and asked the company to start looking for a new leader.

He will stay as chairman until his term ends so the company can prepare a smooth handover.

A special committee of five people will choose the next chairman.

Under his leadership, Tata bought Air India and expanded into semiconductors, electronics, electric vehicles and digital services.

His pay last year was about ₹158.66 crore, because most of it depends on the company's profit.