Battle lines in the boardroom | Tata Sons

Tata Sons Pvt. Ltd., the principal investment holding company and promoter of Tata Group companies, was established in December 1917 as a trading firm to manage the profits of its operating businesses. Headquartered at Bombay House in South Mumbai, Tata Sons earns its income from dividends paid by its operating companies. It is governed by a board comprising executive chairman N. Chandrasekaran; Tata Trusts’ nominee directors Venu Srinivasan and Noel Naval Tata; independent directors Harish Manwani and Anita M. George; and executive director and chief financial officer (CFO) Saurabh Agarwal.

Today, Tata Sons, the group’s promoter company, faces questions over leadership, ownership and regularly issues amid growing differences over who should serve as its executive chairman and whether the company should be listed.