Who Owns JLR?
Updated onExplore the ownership hierarchy of JLR. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
JLR
JLR is a British multinational luxury automobile manufacturer and holding company for the Jaguar and Land Rover (Range Rover, Defender, and Discovery) brands, wholly owned by Tata Motors.
Tata Motors
Tata Motors is an Indian multinational automotive and mobility solutions company, part of the Tata Group, that designs and manufactures passenger vehicles, commercial vehicles and electric vehicles for global markets.
Tata Group
Tata Group is a global Indian conglomerate of companies with businesses spanning technology, automotive, steel, consumer products, energy, financial services, aerospace and defence, and more.
JLR
JLR is a British multinational luxury automobile manufacturer and holding company for the Jaguar and Land Rover (Range Rover, Defender, and Discovery) brands, wholly owned by Tata Motors.
Tata Motors
Tata Motors is an Indian multinational automotive and mobility solutions company, part of the Tata Group, that designs and manufactures passenger vehicles, commercial vehicles and electric vehicles for global markets.
Tata Group
Tata Group is a global Indian conglomerate of companies with businesses spanning technology, automotive, steel, consumer products, energy, financial services, aerospace and defence, and more.
Major Shareholders
JLR
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Tata Motors Limited Jaguar Land Rover (JLR) is a wholly owned subsidiary of Tata Motors Limited, which has held 100% of JLR since acquiring Jaguar and Land Rover from Ford in 2008; Tata Sons Private Limited is the largest shareholder of Tata Motors. | Corporate | 100.0% | 100.0% | — |
Tata Motors
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Tata Group promoter entities (led by Tata Sons Private Limited) Aggregate promoter holding in Tata Motors Passenger Vehicles Ltd (NSE: TMPV), the listed Tata Motors entity post‑reorganisation, was about 42.57% as of the quarter ended September 30, 2025. Major promoters are Tata Sons Pvt Ltd (~40.15%) and Tata Industries Ltd (~1.96%), with smaller stakes held by Tata Investment Corporation Ltd (~0.30%), Ewart Investments Ltd (~0.09%), Tata Chemicals Ltd (~0.05%), The Tata Power Company Ltd (~0.01%), Tata Steel Ltd and certain Tata trusts. | Corporate | 42.6% | Sep 2025 |
Retail and other non‑institutional public shareholders Non‑institutional public shareholders (general public plus small corporate bodies classified as ‘Others’) collectively held roughly 23% of Tata Motors Passenger Vehicles Ltd as of September 30, 2025 (general public ~20.5% and others ~2.5%). This category includes millions of individual investors; notable disclosed public holders include the estate of late investor Rakesh Jhunjhunwala with an estimated stake of about 1.3–1.35% in the company during the September 2025 quarter. | Individual | 23.0% | Sep 2025 |
Foreign portfolio investors (FIIs/FPIs, aggregate) Foreign portfolio investors—reported under Foreign Portfolio Investors Category I (~16.56%), Category II (~0.57%) and other minor foreign‑institution lines—together owned about 17.13% of Tata Motors Passenger Vehicles Ltd as of the September 2025 quarter, according to the company’s shareholding pattern. | Institutional | 17.1% | Sep 2025 |
Indian mutual funds (aggregate) Domestic mutual funds collectively held around 10.10% of Tata Motors Passenger Vehicles Ltd as of September 30, 2025. Within this, key disclosed schemes include SBI Nifty 50 ETF (~2.78% of equity), ICICI Prudential Value Fund (~2.16%) and HDFC Large Cap Fund (~1.24%), alongside numerous smaller mutual fund holdings. | Institutional | 10.1% | Sep 2025 |
Indian insurance companies (aggregate, led by Life Insurance Corporation of India) Insurance companies in total owned about 6.39% of Tata Motors Passenger Vehicles Ltd as of the September 2025 quarter. The dominant holder in this bucket is Life Insurance Corporation of India (LIC), which increased its stake to roughly 4.65%, with other insurers accounting for the remaining ~1.7%. | Institutional | 6.4% | Sep 2025 |
Tata Group
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Sir Dorabji Tata Trust Largest single shareholder of Tata Sons Private Limited, the principal holding company of Tata Group. It is one of the core Tata philanthropic trusts (“Tata Trusts”), which together own roughly two‑thirds (about 65–66%) of Tata Sons’ equity. Percentages refer to Tata Sons, not directly to each listed Tata operating company. | Institutional | 28.0% | 28.0% | Jul 2025 |
Sir Ratan Tata Trust Second‑largest shareholder in Tata Sons. Along with Sir Dorabji Tata Trust, it accounts for roughly half of Tata Sons’ shares and forms the core of the Tata philanthropic ownership that ultimately controls Tata Group. | Institutional | 23.6% | 23.6% | Oct 2024 |
Sterling Investment Corporation Pvt Ltd (Shapoorji Pallonji Group) Investment holding company of the Shapoorji Pallonji (SP) Group. Holds about 9.19% of Tata Sons and is one of two SP Group entities through which the Mistry family owns its stake. Together with Cyrus Investments, the SP Group owns roughly 18.4% of Tata Sons and has been in talks for a partial or full exit. | Corporate | 9.2% | 9.2% | Jul 2025 |
Cyrus Investments Pvt Ltd (Shapoorji Pallonji Group) Second SP Group investment vehicle in Tata Sons, also holding about 9.19%. Together with Sterling Investment Corporation, represents the SP Group’s long‑standing minority shareholding (around 18.4%) in Tata Sons, currently pledged to lenders and subject to ongoing exit/buyback discussions. | Corporate | 9.2% | 9.2% | Jul 2025 |
JRD Tata Trust Philanthropic Tata trust holding a little over 4% of Tata Sons. Together with other Tata Trusts (Sir Dorabji, Sir Ratan, Tata Education, Tata Social Welfare, RD Tata, etc.), it forms part of the majority philanthropic block that collectively owns about two‑thirds of Tata Sons. | Institutional | 4.0% | 4.0% | Mar 2024 |
Tata Education Trust One of the Tata philanthropic trusts focused on education. Holds roughly 3.7% of Tata Sons, contributing to the aggregate ~65–66% stake held by Tata Trusts in the Tata Group holding company. | Institutional | 3.7% | 3.7% | Mar 2024 |
Tata Social Welfare Trust Philanthropic trust focused on social welfare and community programmes. Owns about 3.7% of Tata Sons and is part of the broader Tata Trusts shareholding that gives charitable foundations effective control over Tata Group. | Institutional | 3.7% | 3.7% | Mar 2024 |
Tata Steel Ltd Listed Tata Group operating company that holds a strategic cross‑holding stake of just over 3% in Tata Sons, as disclosed in shareholding analyses based on statutory filings. | Corporate | 3.1% | 3.1% | Mar 2024 |
Tata Motors Ltd Another major listed Tata company with a cross‑holding of about 3% in Tata Sons. These cross‑holdings, alongside the philanthropic trusts, reinforce group control of the holding company. | Corporate | 3.1% | 3.1% | Mar 2024 |
Tata Chemicals Ltd Listed Tata Group company holding roughly 2.5% of Tata Sons as part of intra‑group cross‑shareholdings reported in shareholder breakdowns derived from Tata Sons’ annual return. | Corporate | 2.5% | 2.5% | Mar 2024 |
RD Tata Trust Smaller philanthropic Tata trust owning a little over 2% of Tata Sons. Together with the larger Sir Dorabji, Sir Ratan, JRD, Tata Education and Tata Social Welfare trusts, it contributes to the philanthropic majority ownership of the Tata Group’s holding company. | Institutional | 2.2% | 2.2% | Mar 2024 |
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