India, Aug. 12 -- N Chandrasekaran will step down as chairman of Tata Sons when his current term ends in February 2027, drawing curtains on a decade at the helm of one of India's most influential business groups, after a prolonged standoff over his reappointment with Tata Trusts chairman Noel Tata.

Chandrasekaran has spent 40 years with the Tata Group, on Wednesday, Aug 12 he had informed the Tata Sons board that he would not offer himself for reappointment when his term ends on February 20, 2027. He asked the board to settle on a successor soon to ensure a smooth transition.

The decision follows months of uncertainty over his continuation at Tata Sons, the principal holding company and promoter of Tata group companies. Philanthropic tr...