Tata Sons Private Limited has a unique shareholding structure dominated by philanthropic trusts, with the Shapoorji Pallonji Group holding a significant minority stake.
Major Shareholding Categories
The shareholding pattern of Tata Sons as of March 2024 shows four primary categories of ownership:
| Shareholder Category | Percentage |
|---------------------|------------|
| Tata Trusts | 66% |
| Shapoorji Pallonji Group | 18% |
| Tata Group Companies | 9% |
| Individual Shareholders & Others | 7% |
Detailed Shareholding Breakdown
Tata Trusts (66% Total)
The largest stakeholders are philanthropic trusts established by the Tata family:
- Sir Dorabji Tata Trust: 27.98% (113,067 shares)[1][2]
- Sir Ratan Tata Trust: 23.56% (95,211 shares)[1][2]
- JRD Tata Trust: 4.01% (16,200 shares)[1]
- Tata Education Trust: 3.73% (15,075 shares)[1]
- Tata Social Welfare Trust: 3.73% (15,075 shares)[1]
- RD Tata Trust: 2.19% (8,838 shares)[1]
- MK Tata Trust: 0.60% (2,421 shares)[1]
- Sarvajanik Seva Trust: 0.10% (396 shares)[1]
Shapoorji Pallonji Group (18% Total)
The Mistry family entities hold significant stakes:
- Sterling Investment Corporation Private Limited: 9.19% (37,122 shares)[1]
- Cyrus Investment Private Limited: 9.19% (37,122 shares)[1]
- Pallonji Shapoorji Mistry (individual): 0.03% (108 shares)[1]
Tata Group Companies (9% Total)
Various Tata operating companies hold stakes in the parent company:
- Tata Steel: 3.06% (12,375 shares)[1]
- Tata Motors: 3.06% (12,375 shares)[1]
- Tata Chemicals: 2.53% (10,237 shares)[1]
- Tata Power: 1.65% (6,673 shares)[1]
- Indian Hotels Company: 1.11% (4,500 shares)[1]
- Tata Industries Limited: 0.57% (2,295 shares)[1]
- Tata Consumer Products: 0.43% (1,755 shares)[1]
- Tata International Limited: 0.37% (1,477 shares)[1]
- Tata Investment Corporation: 0.08% (326 shares)[1]
Individual Tata Family Members
Several family members hold personal stakes:
- Noel Naval Tata: 1.00% (4,058 shares)[1]
- Ratan Naval Tata: 0.83% (3,368 shares)[1]
- Jimmy Naval Tata: 0.81% (3,262 shares)[1]
- Piloo Minocher Tata: 0.12% (487 shares)[1]
- Other family members hold smaller stakes[1]
Key Characteristics
Philanthropic Focus: Approximately 66% of Tata Sons is owned by charitable trusts that support education, health, livelihood generation, and arts and culture[3][4].
Total Equity Structure: Tata Sons has 404,146 equity shares of ₹10 each, making it a relatively small share count for such a large conglomerate[1].
Recent Leadership Changes: Following Ratan Tata's passing in October 2024, Noel Tata has been appointed as Chairman of Tata Trusts, positioning him as a key figure in the group's governance[3][2].
This shareholding pattern reflects the Tata Group's commitment to philanthropy while maintaining family and institutional control over one of India's largest business conglomerates.