In a top corporate development in the works, sources tell CNBC-TV18 that former CEO of Citi India Pramit Jhaveri and Tata Group’s Noel Tata are top contenders for the positions on Tata Sons board as certain positions get vacated. Tata Group is likely to make the final decisions in a few weeks, sources share.

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Tata Sons’ board member Farida Khambata’s terms will end soon. Sources suggest that Farida Khambata could be considered on the boards of both Tata Steel and TCS after her tenure at Tata Sons board comes to an end.

Tata Sons in an e-mail response to CNBC-TV18’s query on board composition states, “We have no comments to offer.” Tata Steel and TCS did not comment on CNBC-TV18’s queries.

Pramit Jhaveri had joined Tata Trusts as a trustee in Feb 2020. Sources suggest that the Trust is considering him to be their nominee on the board of Tata Sons as a few positions get vacated by retiring members in the next few months. Pramit Jhaveri is recently appointed as a senior advisor to Wall Street boutique investment bank PJT Partners.

Jhaveri was unreachable for a comment on this story.

Noel Tata has been appointed a trustee of the Sir Ratan Tata Trust in 2019 and could be a likely contender to be inducted as a Director on the board of Tata Sons, sources share.

Within the Tata Group of companies, Noel Tata is Chairman of Trent (Westside) and Tata Investment Corporation; Managing Director of Tata International and Vice Chairman of Titan Company.

First Published:Jun 1, 2021 1:33 PM IST