Shapoorji Pallonji Group calls for public listing of Tata Sons to ensure transparency and enhance governance

In a statement addressing recent developments within the Tata Trusts and Tata Sons, Shapoorji Pallonji Mistry, representing the Shapoorji Pallonji Group, reiterated the company’s long-standing position calling for a public listing of Tata Sons. The group stressed that transparency, fairness, and commitment to the principles of good corporate governance must be at the heart of these discussions.

The Shapoorji Pallonji Group firmly believes that a public listing of Tata Sons will not only reflect the values ​​envisioned by its founder, Shri Jamsetji Tata, but will also enhance confidence among all stakeholders, including employees, investors and the people of India. By adopting this step, Tata Sons will continue to honor its heritage while embracing a future built on openness and integrity, he added.

“We believe that transparency is the deepest form of respect for both the legacy and future of Tata Sons,” Mistry said. He stressed the importance of ensuring that the Reserve Bank of India (RBI) fulfills its regulatory obligations, specifically with regard to the September 30, 2025 compliance timeline under the ‘top tier’ classification, which requires non-banking financial companies (NBFCs) to act in the interest of investors.

Mistry stressed that the public listing will provide significant value not only to Tata Sons but also to the over 1.2 lakh crore indirect shareholders of listed Tata companies. It would open the door to enormous financial value, reflecting the aspirations of people who have always viewed the Tata name as a symbol of national pride.

In addition to its economic impacts, greater public accountability for Tata Sons would greatly benefit Tata Trusts, India’s largest public charity. A transparent Tata Sons would establish a strong dividend policy, ensuring continuous funding of charitable initiatives that support the welfare of the underprivileged, community development, and national service.

Emphasizing the Shapoorji Pallonji Group’s commitment to the ideals of Jamsetji Tata, Mistry concluded by expressing the Group’s dedication to playing a constructive role alongside the Tata Trusts and Tata Sons in protecting and promoting their shared vision of serving the nation.