Should Tata Sons go public? The Tata Group’s legacy of trust faces a tough test
J.R.D. Tata, who was chairman of Tata Trusts and Tata Sons for over half a century, was not a direct descendant of Jamsetji Tata, the group’s founder. He was the son of the founder’s cousin. Naval Tata, the father of Ratan Tata, who took over as chairman from J.R.D. Tata, was the adopted son of Lady Ratan Tata, the wife of Ratan Tata, Jamsetji Tata’s younger son. Cyrus Mistry, who was chairman of Tata Sons briefly after Ratan Tata, was the son of Pallonji Mistry, whose family owns 18% of Tata Sons’ shares.
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