Tata group update: In a massive landmark decision in the history of Tata group Tata Trusts has paved the way for a third executive term for N Chandrasekaran. The re-appointment of N Chandrasekaran is very significant as it historically breaks the organizations long-standing retirement rules of retirement where employees retire at the age of 65. Notably Chandrasekarans second term is set to expire in February 2027 but till that time the TSC CEO will turn 65. However in a point of surprise the Trusts have decided to extend his leadership marking the first time a Tata executive has been allowed to serve beyond the 65-year age limit. Why N Chandrasekaran was given third term? Citing continuity as the primary reason behind this significant decision Tata group made the decision as it faces the challenges of advancing ambitious projects such as semiconductors electric vehicle batteries and Air India where it requires experienced and stable leadership to accomplish them. As per media reports the proposal for the extension of N Chandrasekaran was presented by Noel Tata and Venu Srinivasan at a meeting held on September 11 and was unanimously approved. Read more: Ratan Tata-Amitabh Bachchan collaboration: The project that witnessed MASSIVE loss came to a halt after… How is Tata Trust related to Tata Sons? Tata Trusts which owns 66 percent of Tata Sons stated that Chandrasekaran will play a crucial role in shaping the groups strategy the direction of new businesses and ongoing structural changes. Why is N Chandrasekaran important for Tata group? Chandrasekaran became chairman of Tata Sons in January 2017. Under his leadership the Tata Groups revenue doubled and profits tripled. Over the past five years the group has invested approximately ₹5.5 lakh crore. In FY2025 the Tata Groups total revenue is projected to reach ₹15.34 lakh crore and profits ₹1.13 lakh crore.