Noel Tata's big move, Tata Trusts asks Tata Sons not to get listed to 'try everything to stay private', provide an exit to Shapoorji Pallonji group
Noel Tata, who leads Tata Trusts, has asked Tata Sons Chairman N. Chandrasekaran to make sure that Tata Sons, the main company of the Tata Group, remains a private company. This was reported by Mint on July 31. Tata Trusts also told Tata Sons to keep talking to the Shapoorji Pallonji (SP) Group, the company's biggest minority shareholder, and find a way for them to exit the company.
The development comes after a board meeting of Sir Ratan Tata Trusts took place on July 28, which was attended by all the trustees, the paper said. Tata Trusts owns 65.9 percent of Tata Sons and Noel Tata took over as the chairman following the death of Rata Tata last year. Tata Sons will stay private
In the meeting, the Sir Ratan Tata Trust (SRTT) passed a proposal that Tata Sons should continue as a private unlisted company, which means its shares will not be traded on the stock market. The chairman of Tata Sons, N. Chandrasekaran, has been asked to make sure this status remains unchanged. He will also need to talk to the Reserve Bank of India (RBI) to handle any related issues. SP group may exit Tata Sons
The second important decision was about the Shapoorji Pallonji (SP) Group, which owns 18.37 per cent shares in Tata Sons. The trustees have advised the chairman to start talks with the SP Group and offer them a way to exit Tata Sons by selling their shares.
This decision is important because the SP Group is currently under financial pressure and has already pledged its shares to borrow money. Giving them an exit option might help them deal with their debt situation. Tata Sons Chairman Chandrasekaran likely to continue beyond 2027
Tata Trusts have also decided to begin the process to extend the term of Tata Sons Chairman, N. Chandrasekaran, beyond February 2027. The trustees believe his leadership is essential, especially as Tata Sons is making big investments in new sectors like Tata Digital, Tata Electronics, Air India, Defence, and Battery technology. In recent years, the group has already invested over USD 120 billion, with an additional Rs. 30,000 crore planned. Changing strategy and old tensions
The move to help the Shapoorji Pallonji (SP) Group exit Tata Sons marks a major shift in the group's strategy. The relationship between Tata and SP Group soured after Cyrus Mistry, a member of the SP family, was removed as Tata Sons Chairman in 2016.
More recently, SP Group asked the RBI to push for the public listing of Tata Sons, hoping it would benefit all shareholders. But now, Tata seems focused on keeping the company private, while also moving forward with long-term leadership and structural clarity. Tata Sons faces financial pressure and deadline for Stock Exchange listing
In FY 2025, the Tata Group reported a total revenue of Rs. 15.34 lakh crore and a net profit of Rs. 1.13 lakh crore. The group's total market capitalization stood at a massive Rs. 37.84 lakh crore.
Tata Sons, the holding company of the group, saw its revenue grow by 24 per cent to Rs. 5.92 lakh crore. However, its net profit declined by 17 per cent to Rs. 28,898 crore. Interestingly, despite the dip in profits, Tata Sons doubled its dividend payout to Rs. 1,414.5 crore.
As of FY 2025, Tata Sons oversaw: 323 subsidiaries
39 associate companies
32 joint ventures
In September 2022, the Reserve Bank of India (RBI) classified Tata Sons as a 'Top Layer NBFC' (Non-Banking Financial Company – Upper Layer). According to RBI rules, such companies must be listed on the stock exchange by September 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
4 minutes ago
- India.com
Mohammed Siraj's Net Worth 2025: From Humble Beginnings To Rs 57 Crore Success - Check BCCI Contract, IPL Earnings And More
photoDetails english 2940481 Updated:Aug 02, 2025, 05:09 PM IST Mohammed Siraj Net Worth 1 / 9 Mohammed Siraj, one of India's leading fast bowlers, has emerged as a consistent performer across formats. His success on the field has translated into impressive financial growth, making him one of the highest-earning Indian cricketers in 2025. Net Worth Overview 2 / 9 As of 2025, Mohammed Siraj's estimated net worth is Rs 57 crore ($7 million). His earnings have seen a sharp rise in recent years, fueled by IPL contracts, BCCI salaries, and lucrative endorsements. BCCI Central Contract & Match Fees 3 / 9 Siraj is a Grade A contracted player with the BCCI, earning Rs 5 crore annually. Match fees include Rs 15 lakh per Test, Rs 6 lakh per ODI, and Rs 3 lakh per T20I, contributing significantly to his income. IPL Earnings 4 / 9 In the IPL 2025 auction, Siraj was signed by the Gujarat Titans for a whopping Rs 12.25 crore. Over his IPL career, he has earned close to Rs 40 crore, making the league one of his biggest income sources. Endorsement Deals 5 / 9 Siraj's growing popularity has attracted brands like My11Circle, ThumsUp, CoinSwitchKuber, SG Cricket, Nippon Paint, MyFitness, and others. These endorsements add multiple crores annually to his net worth. Real Estate Investments 6 / 9 He owns a luxury residence worth Rs 13 crore in Jubilee Hills, Hyderabad, along with other property investments. His lifestyle reflects his financial success while maintaining strong ties to his roots. Car Collection 7 / 9 Siraj has a notable car collection that includes a Range Rover Vogue, Mercedes-Benz S-Class, BMW 5-Series, Toyota Corolla, and a Mahindra Thar gifted by Anand Mahindra. Siraj As Inspiration 8 / 9 From humble beginnings to becoming a key player for India, Mohammed Siraj's story is inspirational. His net worth of Rs 57 crore is the result of hard work, smart career decisions, and consistent performances across all cricket formats. 9 / 9
India.com
32 minutes ago
- India.com
Smartphone Revenues Surpass Record Rs 8.7 Lakh Crore In April-June Globally
New Delhi: The smartphone revenues worldwide grew 10 per cent (year-on-year) in the April-June quarter (Q2 2025) to exceed $100 billion (more than Rs 8.7 lakh crore) -- the highest level in a second calendar quarter to date, according to a new report. In contrast, global shipments saw a meagre 3 per cent (on-year) rise during the quarter, according to Counterpoint Research's latest Market Monitor service. Meanwhile, the global average selling price (ASP) also hit a second-quarter peak, rising 7 per cent YoY in Q2 to approach $350. The market witnessed both volume and value growth despite ongoing macroeconomic headwinds in several key regions. Amid the easing out of US tariffs, OEMs benefitted from robust demand for premium devices, especially in developed markets, said senior analyst Shilpi Jain. Premiumisation has accelerated beyond earlier projections, propelled by expanded access to financing options, enhanced trade-in initiatives, and heightened promotional activities – all of which are effectively lowering the barrier to entry for higher-end devices. According to Research Director Jeff Fieldhack, Apple strengthened its lead in revenues driven by strong performance of the 16 series across geographies, benefitting from the broader premiumisation trend. 'Shipments in the US were front-loaded in the quarter due to tariff uncertainties. Meanwhile, the iPhone 16e drove sales in Japan, making it one of the fastest growing regions for Apple. Emerging markets like Middle East Africa, and India continue to show strong growth,' he mentioned. Samsung retained its leadership position in terms of global smartphone shipments in Q2 2025, while its revenue grew 4 per cent YoY. The brand's growth was largely driven by strong demand for its refreshed mid-tier A-series devices across regions, while the Galaxy S25 series, along with the newly added S25 Edge, drove volumes in the premium segment. 'Looking ahead, we expect the premiumisation trend to continue, with revenue growth outpacing volume growth in 2025. Additionally, growing interest in GenAI smartphones and foldable form factors will likely offer significant growth opportunities for the smartphone market,' the report mentioned.
India.com
34 minutes ago
- India.com
'Fulfilled promise to avenge Pahalgam terror attack with blessings of Mahadev...': PM Modi's BIG statement on Op Sindoor
Prime Minister Narendra Modi addresses a public gathering in Varanasi, UP on Saturday. (ANI Photo) Operation Sindoor: Prime Minister Narendra Modi on Saturday said his promise to avenge the Pahalgam terror attack through Operation Sindoor was fulfilled with the blessings of Lord Shiva. 'My heart was filled with sorrow for the 26 people who lost their lives in the Pahalgam terror attack,' Modi said while addressing a public meeting in his parliamentary constituency Varanasi. 'My promise to avenge 'Sindoor' of our daughters was fulfilled with blessings of Mahadev,' he said, adding, 'I dedicate the success of Operation Sindoor at the feet of Mahadev.' The prime minister also stressed that the 'unity of 140 crore countrymen' became the 'strength of Operation Sindoor'. PM urges Indians to adopt 'swadeshi' Meanwhile, Modi also called upon citizens to adopt the spirit of 'swadeshi' and support locally-made products, stressing that true service to the nation lies in promoting indigenous goods, especially amid 'global economic uncertainties'. Addressing a public meeting in his parliamentary constituency Varanasi, Modi said, 'As we talk about economic progress, I want to draw your attention to the current global scenario. 'The world economy is facing instability and uncertainty. In such times, countries are focusing solely on their own interests. India, too, is on the path to becoming the world's third-largest economy and must remain alert to its own economic priorities.' Emphasising that farmers, small industries, and employment for youth are the top-most priorities for the government, Modi said, 'The government is doing everything possible in this direction. But as citizens, we too have responsibilities.' The prime minister's renewed push for 'swadeshi' (indigenous) comes amid the US announcing tariffs on exports from about 70 nations, including India. According to the White House order, India now faces tariffs of 25 per cent for its exports to the US. PM Modi in Varanasi The prime minister is in Varanasi — his Lok Sabha constituency for the third term running — to inaugurate and lay foundation for development projects worth over Rs 2,000 crore and to distribute the 20th installment of the PM KISAN Samman Nidhi worth Rs 20,500 crore to over 9.70 eligible farmers nationwide. (With PTI inputs)
