Tata Sons Private Limited is the holding company of Tata Group and holds the bulk of

shareholding in the Tata group of companies including their land holdings across India, tea
estates and steel plants.[1]
Tata Sons Private Limited was established as a trading enterprise in 1868, and engaged
primarily in the lucrative opium and tea trade with Mongolia and China[2] before moving from
conducting businesses directly to becoming the principal holding company of Tata Group. About
66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of
the Tata family. The biggest two of these trusts are the Sir Dorabji Tata Trust and Sir Ratan Tata
Trust.[3] Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered
in India and several other countries. It is one of the largest conglomerates in South Asia.[4]

Board of Directors[6][edit]
Position Personnel

Chairman Natarajan Chandrasekaran (Chairman, Tata Group)

Independent director Farida Khambata

Director Venu Srinivasan (Chairman, TVS Group)

Non-executive
Ajay Piramal (Chairman, Piramal Group & Shriram Group)
director

Additional director Ralf Speth (CEO, Jaguar Land Rover)

Director Bhaskar Bhat

Independent director Harish Manwani

Director Saurabh Agrawal (CFO, Tata Sons)

Shareholding Pattern[edit]
Sir Dorabji Tata Trust and Sir Ratan Tata Trust are the two biggest shareholders of Tata Sons,
with a combined stake of around 50%[7], while Pallonji Shapoorji Mistry is the largest individual
shareholder.[8] Shapoorji Pallonji Mistry, who is Mr. Pallonji's grandfather (and whom he is named
after), was a prominent construction magnate who acquired a significant stake of Tata Sons in
the 1930s initially from Framroze Edulji Dinshaw, and finally when JRD Tata's younger brother,
Dorab, sold his shares in a fit of anger.[9][10] Mr. Pallonji's shareholding is divided equally between
his two sons, Shapoor Mistry and Cyrus Mistry.
Total equity shares 404,142 (₹60,000 each)

No of
Shareholder Share-holding percentage
shares

Shapoorji Pallonji Group 108 0.026723

Sterling Investment Corp

37120 9.18489
(Shapoorji Pallonji Group)

Cyrus Investments
37120 9.18489
(Shapoorji Pallonji Group)

Ratan Tata 3368 0.83337

Sir Dorabji Tata Trust 113067 27.97705
Sir Ratan Tata Trust 95211 23.5588
Tata Investment Corp 326 0.080665
Sarvajanik Seva Trust 396 0.097985
RD Tata Trust 8838 2.186855
Tata Social Welfare Trust 15075 3.730125
Tata Education Trust 15075 3.730125
JRD Tata Trust 16200 4.008492
Tata Power 6673 1.651152
Tata Global Beverages 1755 0.434253
Indian Hotels
4500 1.11347
(Taj Hotels Resorts and Palaces)

Tata Industries 2295 0.56787

Tata Chemicals 10237 2.533021
Kalimati Investment Co (Now Tata
12375 3.062043
Steel)
Tata International Ltd 1477 0.365466
Tata Motors 12375 3.062043
Piloo Tata 487 0.120502
Jimmy Naval Tata 3262 0.807142
Vera Farhad Choksey 157 0.038848
Jimmy Tata 157 0.038848
Simone Tata 2011 0.497597
Noel Tata 2055 0.508485
HH Maharawal Virendra Singh Chauhan 1 0.000247
 No of
Shareholder Share-holding percentage
shares

Raja of Chhota Udepur[11]

MK Tata Trust 2421 0.599047

Conversion to Private Ltd, and Internal Conflicts[edit]

Natarajan Chandrasekaran took over as Chairman of Tata Sons on 21 February 2017. The
company also undertook conversion from a public limited company to a private limited one in
2017;[12][13] both these decisions were challenged in court by former executive chairman Cyrus
Mistry.[14]. On December 2019, NCLAT declared the conversion, and in extension, Mr
Chandrasekaran's chairmanship, illegal and restored Mistry. On 10 January 2020, however, the
Supreme Court stayed NCLAT's order[15][16]; in response, Mr. Mistry has filed a cross appeal in the
court, seeking explanations for anomalies in the NCLAT [17]. As of March 2020, the decision
remains pending.