{"id":118637,"date":"2025-10-13T05:14:07","date_gmt":"2025-10-13T05:14:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/118637\/"},"modified":"2025-10-13T05:14:07","modified_gmt":"2025-10-13T05:14:07","slug":"tata-group-age-retirement-policy-no-bar-n-chandrasekaran-gets-third-term-as-chairman","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/118637\/","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. At the time he will be 65 years of age. Tata Trusts<\/a> did not have a comment, as per the report.<\/p>\n

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

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

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

They added that if was felt 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 it was Noel Tata<\/a> and Venu Srinivasan who proposed extending Chandrasekaran’s term as Chairman for another five years at a meeting on September 11.<\/p>\n

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

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

Notably, Chandrasekaran’s second five-year term was approved in February 2022. He took the helm, moving from 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":118638,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[67365,79,72532,2006,18,19,387,17,72528,5,234,235,3045,72534,72529,72531,72530,72533],"class_list":{"0":"post-118637","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-appointment","9":"tag-business","10":"tag-chairman","11":"tag-company","12":"tag-eire","13":"tag-ie","14":"tag-india","15":"tag-ireland","16":"tag-n-chandrasekaran","17":"tag-news","18":"tag-personal-finance","19":"tag-personalfinance","20":"tag-retirement-age","21":"tag-retirement-policy","22":"tag-tata","23":"tag-tata-group","24":"tag-tata-sons","25":"tag-third-term"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/118637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=118637"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/118637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/118638"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=118637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=118637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=118637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}