SP Group Chairman Shapoorji Pallonji Mistry Bats For Public Listing Of Tata Sons To Bring Transparency

Picture credit : Tata companies/X

SP Group chairman Shapoorji Pallonji Mistry has  reiterated calls for public listing of Tata Sons to bring transparency, amid infighting among trustees of Tata Trusts which controls a 66 per cent stake in the holding company of the salt-to-software conglomerate.

According to media reports, Shapoorji Pallonji family is the single largest minority shareholder with about 18.37 per cent in Tata Sons.

In a statement, Mistry called for the RBI’s compliance timeline of September 30, 2025 for Tata Sons to be listed “under the “Upper Layer” classification “be viewed with the seriousness and sanctity that regulatory commitments deserve”.

The Shapoorji Pallonji Group has consistently advocated the public listing of Tata Sons, Mistry said.

“We firmly believe that listing this premier institution will not only uphold the spirit of transparency envisioned by its founding father, Shri Jamsetji Tata, but also strengthen trust among all stakeholders — employees, investors, and the people of India,” he noted.

He further said, “Our stance is guided by a simple yet profound belief – transparency is the truest form of respect for both legacy and the future.”

As one of India’s oldest business houses, he added, “We have full faith in the Reserve Bank of India, a constitutional and autonomous body, to take decisions grounded in the principles of equity, justice, and public interest.”

The RBI’s Scale-Based Regulatory Framework clearly articulates that a Non-Banking Financial Company (NBFC) should not act in a manner detrimental to the interests of its investors, Mistry noted.

In this context, he said, “We trust that the 30th September 2025 compliance timeline under the “Upper Layer” classification will be viewed with the seriousness and sanctity that regulatory commitments deserve.”