Former Tata Group executives strongly oppose the proposed public listing of Tata Sons, arguing that its private ownership structure is crucial for long-term investments, financial support to group companies, and maintaining high governance standards. They cite historical instances of Tata Sons absorbing significant losses and providing patient capital, demonstrating its unique responsible ownership model. The authors emphasize that 67% ownership by charitable trusts is a strategic advantage, accepted globally. They advocate resolving shareholder exits privately, noting that numerous large global holding companies remain unlisted. The article positions Tata Sons' private model as a successful benchmark, critically viewing the push for a public offering.