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Chandra, Venu Concealed Second Family Firm Deal from Tata Sons Board: Report
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Moneycontrol•01-10-2026, 08:10
Chandra, Venu Concealed Second Family Firm Deal from Tata Sons Board: Report
- •N Chandrasekaran and Venu Srinivasan reportedly did not inform the Tata Sons board about a second business project involving Chandrasekaran’s family-owned firm, Hanno One Warehousing.
- •The new project is a proposed Rs 330-crore industrial park in Karnataka’s Immavu industrial area, near TVS Motor’s manufacturing facility, with land allotted to Hanno One by KIADB.
- •Hanno One, owned by Chandrasekaran’s wife Lalitha and son Pranav, previously leased 17 acres near TVS Motor's Hosur facility in Tamil Nadu for a warehouse project.
- •The development raises questions about disclosures within the Tata group, especially as Srinivasan is a Tata Trusts nominee on the Tata Sons board.
- •The Tata Code of Conduct requires executive directors to disclose actual or potential conflicts involving transactions that could benefit themselves or family members.
Key Questions Answered
N Chandrasekaran and Venu Srinivasan did not inform the Tata Sons board about a second business project involving Chandrasekaran’s family-owned firm, Hanno One Warehousing, which involves a proposed Rs 330-crore industrial park in Karnataka’s Immavu industrial area near Mysuru.
Before the Karnataka project, TVS Motor leased approximately 17 acres near its Hosur facility in Tamil Nadu to Hanno One in 2025 for a warehouse project, which was subsequently financed for construction by HDFC Bank.
The Tata Code of Conduct requires executive directors to disclose actual or potential conflicts involving transactions that could provide an unfair benefit to themselves, family members, or close associates.
