Tata Sons, the holding company of the Tata Group, has repaid over ₹20,000 crore in debt, allowing it to remain unlisted and privately held.
This move was crucial to avoid the Reserve Bank of India’s (RBI) mandate that would have required the company to list its shares. By repaying the debt, Tata Sons has significantly reduced its risk profile and is no longer obligated to go public. The company has also voluntarily surrendered its registration certificate to the RBI. As of FY24, Tata Sons reported a 57% surge in net profit, reaching ₹34,654 crore, and a 25% increase in revenue, amounting to ₹43,893 crore.