According to a source with direct knowledge of the matter, the chairman of India's Tata subsidiary — the main investment holding company of the Tata Group with a market capitalization of 400 billion US dollars — is considering resigning due to strained relationships with its largest shareholder. The group's charity, Tata Trust, holds approximately 66% of Tata's subsidiary, which controls more than 30 group companies, including Tata Consulting Services, Tata Motors, and Air India. The two sides clashed over matters such as board seat allocation, strategic planning, and minority shareholder Shapurji Palongi's plan to withdraw. The dispute led to the removal of a director of Tata's subsidiary. A source who declined to be named due to the sensitivity of the issue said that although Chairman Chandrasekaran is considering resigning, no final decision has been made. India's “Economic Times” reported on Wednesday that Chandrasekaran had discussed the possibility of resigning with his cronies. The move was carried out before the annual shareholders' meeting on August 18. At that time, shareholders of Tata's subsidiaries will vote on their re-election.

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