Tata Sons Chairman N Chandrasekaran will step down when his term ends in February 2027, saying he did not have the backing of the board for another term.
Chandrasekaran, 63, told the board on Wednesday he would not seek reappointment. His current term runs until 20 February 2027. He cited lack of support from the Tata Sons board, with one board member opposing an extension of his tenure.
The decision comes ahead of the group's annual general meeting on 18 August and marks an unexpected end to a nearly 10-year tenure that reshaped India's largest business group. During his chairmanship, the group expanded into airlines, semiconductors, electronics, batteries and digital businesses.
Chandrasekaran, who has been with the Tata Group for four decades, earned Rs 158.6 crore in FY26.
The announcement hit Tata Group stocks. Shares fell up to 6%, with Tata Consultancy Services dropping 4.8%. The group lost Rs 26,800 crore in market value.