The Tata Group, one of India’s largest and oldest conglomerates, is mired in internecine conflict over leadership and whether it should publicly list.
On one side is family patriarch Noel Tata, who heads Tata Trusts, the group of charities that controls two-thirds of the conglomerate’s parent company, Tata Sons Pvt. On the other is Nataranjan Chandrasekaran, Tata Sons’ chairman with no links to the founding family but a slew of powerful corporate backers. Chandra, as he’s called, has helmed the sprawling conglomerate for nearly a decade during which it moved into high-tech manufacturing like iPhones and semi-conductor chips.
