New Delhi, Aug. 12 -- Tata Sons Chairman N. Chandrasekaran has announced his resignation seven months before completing his second term in February 2027, triggering a leadership transition at India's largest conglomerate. In a letter to the board on Wednesday morning, Chandrasekaran said he will not seek a fresh term once his tenure concludes on 20 February.

Chandrasekaran, 63, was appointed chair of Tata Sons, the principal investment holding company of the $400-billion Tata Group, in February 2017 and received a second five-year term in 2022. While Tata stocks faced sharp selling pressure following the announcement, the group's market capitalization has fluctuated significantly during his nine-year tenure.

"Chandrasekaran's record mus...