Tata Trusts is expected to deliberate on detailed presentations on some of the major Tata Group businesses at a key meeting on June 8 as the conglomerate focuses increasingly on profitability, governance and long-term strategy. Presentations are likely to cover some of the group’s loss-making and long-gestation ventures like Air India, Tata Digital, Tata Electronics, Agratas and Tejas Networks, reports suggest. The meeting follows a long Tata Sons board discussion held at Bombay House in Mumbai, where senior executives are said to have updated board members on performance, capital requirements and future growth plans of these businesses.
Tata Trusts is the principal shareholder of Tata Sons and plays a key role in setting the strategic direction of the group, and the upcoming review is keenly watched.
Industry insiders say the discussions could impact future decisions on leadership and business restructuring, including a third term for N Chandrasekaran as Chairman of Tata Sons. The group is reportedly under pressure to tighten its financial discipline and cut losses on emerging ventures needing heavy investment.
The meeting on June 8 is also likely to focus on capital allocation and governance issues as the Tata Group tries to balance aggressive expansion with profitability targets.
Analysts say the review reflects the Trusts’ growing role in monitoring the performance of newer businesses that are critical to the conglomerate’s long-term ambitions. A separate Tata Sons board meeting is expected later in June to discuss strategy and operational performance, the report said.
