Chandrasekaran steps down as chairman of Tata Sons ahead of AGM on August 18

N Chandrasekaran has stepped down as Tata Sons chairman, ending a significant tenure. ET had first reported Chandrasekaran is considering stepping down as Tata Sons chairman. His departure follows disagreements within Tata Trusts regarding business performance and capital needs. The group's revenue and profit saw substantial growth under his leadership. Chandrasekaran's exit creates a leadership transition for the conglomerate. This occurs as the group makes major investments in new ventures.