Mumbai, Aug. 12 -- Natarajan Chandrasekaran's term as chair of Tata Sons has been a tale of two halves, with the Tata Group delivering a robust performance during his first term, and external challenges and the underperformance of private businesses catching up with India's largest conglomerate in the second.

During his first five-year term ended February 2022, Tata Group marquee companies such as Tata Consultancy Services (TCS) and Tata Steel delivered strong financial returns, successfully tiding over the covid-19 pandemic.

TCS continued to deliver record profits each year, maintaining its pole position in India's technology services sector. Tata Steel delivered its highest-ever profit in FY22, overtaking even TCS, the group's biggest...