Tata Sons board evaluates roadmap to turn around loss-making companies

Tata Sons Chairman N Chandrasekaran and other top officials made a detailed presentation to the board members at the Bombay House group headquarters, here on Tuesday.

The board meeting started mid-morning and ended by late afternoon.

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According to a spokesperson who attended the meeting, the presentation included details about the group’s performance, its growth trajectory, capital allocation plans for emerging businesses, and a roadmap to turn around loss-making companies.

The issue of giving Tata Sons Chairman N Chandrasekaran another term was not discussed at the meeting. The Tata Sons board is scheduled to meet on June 12 to review its annual accounts where more clarity is expected to emerge on the group’s roadmap.

New areas like semiconductor manufacturing, iPhone assembly and precision electronics, as well as the performance of the loss-making Air India, Tata Digital, Agratas and Tejas Networks, dominated much of the proceedings.

It may be recalled that Air India posted a loss of $2.8 billion in FY26, while companies under Tata Digital such as Big Basket, 1mg and Croma have been struggling with cash flows and mounting losses.

Tata Trusts Chairman Noel Tata, who is also on the board of Tata Sons, was present at the board meeting which focused on long-term strategy for these businesses, timelines for profitability, and future investment commitments. The meeting was also attended by heads of new businesses.

However, except for the presentation of the roadmap for a turn around of loss making businesses, no other decisions were made at the meeting.

Earlier in February, Tata Trusts Chairman Noel Tata had raised the question of performance of some of the newer companies in the group and had sought a comprehensive roadmap for the group from Tata Sons Chairman N Chandrasekaran, as well as greater clarity to return loss-making companies like Air India, to profitability.

The meeting comes at a time when there have been discussions about governance, succession planning and the future structure of Tata Sons, including the question of a potential listing, which is preferred by a shareholder like the Shapoorji Pallonji Group.

Differences between members of Tata Trusts have also come to the fore, which would set the stage for a potential change in the composition of the Tata Sons board.