October 10th 2025.
In a recent statement, Shapoorji Pallonji Mistry, the Chairman of the SP Group, once again emphasized the importance of bringing transparency to Tata Sons by making it a publicly listed company. This call comes amidst ongoing conflicts between trustees of Tata Trusts, which holds a majority stake of 66% in the conglomerate.
The Shapoorji Pallonji family is the largest minority shareholder in Tata Sons, with a 18.37% stake. Mistry urged for the compliance deadline set by the Reserve Bank of India for Tata Sons to go public, to be taken seriously and with the utmost importance.
The SP Group has always been a strong advocate for the listing of Tata Sons, as Mistry mentions, "We firmly believe that listing this premier institution will not only uphold the spirit of transparency envisioned by its founding father, Shri Jamsetji Tata, but also strengthen trust among all stakeholders - employees, investors, and the people of India."
Mistry further explains that their stance is guided by a simple yet profound belief - transparency is the truest form of respect for both the past and the future. As one of India's oldest business houses, he expresses their full faith in the RBI to make decisions that are fair and just, in the best interest of all stakeholders.
Pointing to the RBI's Scale-Based Regulatory Framework, Mistry highlights that a Non-Banking Financial Company should not act in a manner that goes against the interests of its investors. He expresses confidence that the RBI will adhere to the compliance timeline of September 30, 2025, under the "Upper Layer" classification, with the same seriousness and sanctity that regulatory commitments deserve.
Mistry emphasizes that the public listing of Tata Sons is not just a financial move, but also a moral and social imperative. He believes that it will unlock immense value for over 1.2 crore shareholders of listed Tata companies, who are indirect shareholders of Tata Sons, representing the aspirations of all Indians.
He also points out that Tata Trusts, India's largest public charity, stands to benefit greatly from this process. A transparent and publicly accountable Tata Sons would pave the way for a robust and equitable dividend policy, ensuring sustained inflows to the Trusts. These funds can then be dedicated to the welfare of the poor, the upliftment of communities, and the service of the nation, in line with the founding vision of the Tatas.
Mistry clarifies that their position is not in conflict, but rather in harmony, with the ideals of Shri Jamsetji Tata, who envisioned an enterprise that serves the nation with openness, accountability, and compassion.
Amidst these discussions, the relationship between the SP Group and the Tata Group has been strained since the unexpected removal of Late Cyrus Mistry as the Chairman of Tata Sons in 2016. This has resulted in heated boardroom battles and legal disputes.
With the SP Group looking to leverage its shareholding in Tata Sons to raise funds and reduce debt, the matter has reached the government. This was evident when Tata Trusts Chairman Noel Tata, Tata Sons Chairman N Chandrasekaran, Tata Trusts Vice Chairman Venu Srinivasan, and trustee Darius Khambata, met with Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman to discuss the ongoing conflicts and find a resolution.
In conclusion, Mistry asserts that the listing of Tata Sons is not just a financial decision, but a decision that holds great moral and social significance. It is a step towards upholding the values of transparency, trust, and accountability, which are deeply ingrained in the legacy of the Tatas.
[This article has been trending online recently and has been generated with AI. Your feed is customized.]
[Generative AI is experimental.]
