Chandrasekaran steps down as Tata Sons chairman but will complete term

New Delhi, 12/8: Tata Sons chairman N Chandrasekaran has resigned, but will complete his current term at the principal holding company of India’s $400-billion Tata Group.

Chandrasekaran’s term is due to run until February 2027. Tata Sons controls more than 30 companies in the conglomerate, including Tata Consultancy Services (TCS) , Tata Motors and Air India, but is in turn 66% owned by Tata Trust.