N Chandrasekaran to Step Down as Director and Chairman of Tata Chemicals from May 29, 2025

Tata Chemicals Limited, a subsidiary of Tata Sons, the holding company of the Tata Group, engaged in the manufacturing and marketing of basic and speciality chemicals, has announced key changes to its Board. 

Mr. N. Chandrasekaran has submitted his resignation as Director and Chairman, effective from 29 May 2025, citing his present and upcoming commitments. In response, the Board has appointed Mr. S. Padmanabhan as the new Chairman from 30 May 2025. 

Additionally, Mr. Modan Saha has been inducted as an Additional Director (Non-Executive, Non-Independent) with effect from 28 May 2025, following recommendations by the Nomination and Remuneration Committee.

Board’s Formal Acknowledgement 

The Board has extended its sincere gratitude to Mr. Chandrasekaran for his exemplary leadership and support throughout his tenure. 

Natarajan Chandrasekaran, Chairman of Tata Sons, is a prominent business figure known for transforming TCS and promoting the “Bridgital Nation” vision, which blends technology with human potential. With key roles at the RBI and IIM Lucknow, and accolades from global institutions, he is also a marathon enthusiast and author.

Profile of Mr. Modan Saha

Mr. Modan Saha currently oversees strategic initiatives at Tata Sons. Previously, he was the founding Director and CEO of Financial Services at Tata Digital. His extensive career includes serving as CEO of Tata Strategic Management Group and holding senior positions at Axis Bank, UBS Singapore, and ICICI Bank. 

Mr. Saha is an alumnus of IIT Kharagpur (Aerospace Engineering) and IIM Calcutta, bringing over 17 years of experience in the banking and financial services sector. He also holds board positions at Tata Business Hub Limited and Ferbine Private Limited.

Read More: Tata Chemicals Sees Profit Dip in FY25!

Tata Chemicals Share Price Performance 

As of May 29, 2025, at 11:30 AM, Tata Chemicals share price is trading at ₹894.05 per share, reflecting a decline of 0.19% from the previous day's closing price. Over the past month, the stock has surged by 4.30%. The stock's 52-week high stands at ₹1,247.35 per share, while its low is ₹756 per share.

Conclusion 

Tata Chemicals has undertaken leadership transitions, marking a new chapter for the company while expressing deep appreciation for Mr. N. Chandrasekaran’s valuable contributions during his tenure.

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