New Delhi: In a major development N Chandrasekaran will continue as the Chairman of Tata Sons till 2032. It is important to note that this is the first time the company is breaking away from its retirement policy. Tata Trusts which owns 66 per cent of Tata Sons has backed the continuation of leadership in key strategic areas. Chandrasekaran who turns 65 in February 2027 would normally have been required to step down under Tata Group rules that cap executive tenures at that age. Chandrasekaran is currently serving the second term as the Chairman. For the sake of continuity in functioning it was felt that executive leadership was necessary to see through critical projects according to a News18 report quoting person familiar with the discussions. Now the trustees have cleared a third five-year executive term for Chandrasekaran as Tata Sons Chairman. He will be 70 by the time his tenure ends in 2032. The resolution—proposed by Noel Tata and Venu Srinivasan—was unanimously passed at a Tata Trusts meeting on September 11 and forwarded to Tata Sons which is expected to formalize Chandrasekaran’s third term in February 2026.