As discussions surrounding a potential IPO for Tata Sons gain traction, Shriram Subramanian (Founder and Managing Director of InGovern) suggests that the board should seriously consider the move. This comes in light of pressure from the Reserve Bank of India (RBI) and the Shapoorji Pallonji Group, the largest shareholder in Tata Sons. The board is set to convene on June 12 to deliberate on the listing and the reappointment of Natarajan Chandrasekaran as Chairman. Subramanian emphasized that the RBI could make the listing compulsory, while the Shapoorji Pallonji Group has consistently sought a public offering. He noted that the reluctance of Tata Trusts to list stems from a desire to maintain control and avoid the transparency that comes with being a public entity, which would require detailed disclosures about its financials and capital allocation. Despite previous resolutions to keep Tata Sons unlisted, support for the IPO is also emerging from other influential figures, including Vijay Singh, a trustee of Tata Trusts. Subramanian argues that a 10-year term for a CEO like Chandrasekaran is insufficient given the complexity of the Tata Group, advocating for an extension to allow for more substantial results.