Decision Maintained Family's Rare Status as a Shareholder in Tata Sons | Symbolizes a Unique Bond and Historical Connection with the Tata Group

Decision Maintained Family's Rare Status as a Shareholder in Tata Sons | Symbolizes a Unique Bond and Historical Connection with the Tata Group

The Royal Family of Chota Udaipur Gujarat Holding a Tata Sons Share

Introduction:

Tata Sons, the primary investment holding company of the Tata Group, is majorly owned by philanthropic trusts supporting education, health, and culture. However, an intriguing fact is that a single share is owned by a royal family from Gujarat.

The Royal Connection:

As of March 2023, official records show Maharawal Virendrasinhji Chauhan's family from the small princely state of Chota Udaipur, Gujarat, holding one share. Although Maharawal Virendrasinhji Chauhan passed away in 2005, his descendants continue to own this unique share.

The Story Behind the Share:

In the 1980s, Virendrasinhji was close to JRD Tata and was allotted twelve or thirteen shares in Tata Sons. His son, Jai Pratap, suggests this allocation was likely part of an internal reorganization within the company, where trusted individuals were needed to manage these shares.

Retaining the Legacy:

By 1998, Virendrasinhji sold most of his shares to fund a garment business in Bengaluru but chose to keep one share. This decision maintained the family's rare status as a shareholder in Tata Sons.

Conclusion:

The single Tata Sons share held by Maharawal Virendrasinhji Chauhan's family symbolizes a unique bond and historical connection with the Tata Group. Despite the passing of Virendrasinhji, his heirs retain this privileged ownership, reflecting a blend of legacy and business acumen.

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