Ratan Tata is most likely to step down as the chairman of the Tata Trust, next year that controls 66% in Tata Sons, the holding company of the $108 billion Tata Group,reports Times of India.
The daily newspaper also reports that the next chairperson will be an India but not necessarily a Parsi or a Tata-family member. However, the question whether Ratan Tata would be associated with the country’s largest conglomerate as trustee is still not clear.
According to insiders, when Cyrus Misty joined Tata as chairperson of Tata Sons he wasn't made a head of Tata Trust as he was not a Parsi. Ratan Tata remained the head of Tata Trust. It was the first time that the two Tata position was uncoupled.