New Delhi, Aug. 25 -- New Delhi,

Bengaluru :

The next chair of the Tata group's holding company, after incumbent N. Chandrasekaran steps down on 20 February 2027, will inherit a hard nut to crack: managing nearly $10 billion in bank debt built up by four new-age, loss-making businesses.

Air India, Tata Electronics, Agratas and Tata Digital saw their borrowings rise at a faster clip than the debt added by the four most indebted listed Tata companies in 2025-26, highlighting the scale of the challenge facing the next Tata group boss.

Rising debt at these new-age companies has become a concern for Tata Sons, according to a group executive, because much of the borrowing, as reflected in agreements with multiple domestic and international ...