Tata Steel has appointed Manish Garg as its new Chief Information Officer, effective November 1, 2026.

Leadership transition details

The appointment follows the superannuation of Mr. Jayanta Banerjee, who served as Chief Information Officer until October 31, 2026. Mr. Banerjee ceases to be part of the senior management personnel due to retirement.

Mr. Garg joined Tata Steel as Chief Information Officer (Designate) in January 2026 and has been in the role for the past seven months. His formal appointment consolidates his position within the company's technology leadership team.

Appointment specifics

The following table summarises the key details of the leadership change:

Profile of incoming CIO

Mr. Garg brings close to 29 years of experience at Tata Consultancy Services (TCS). Early in his career, he worked across the UK, Europe, and USA, leading cross-cultural global teams. From 2009 to 2019, he focused on expanding TCS's banking and capital markets footprint in North America, Latin America, and Europe.

Since 2020, Mr. Garg has worked across multiple industries beyond BFSI, including manufacturing, retail, healthcare, energy, and communication. He holds a B.E. from SGSITS Indore, an M.Tech in Thermal Sciences & Fluid Mechanics from IIT Kanpur, and an M.Tech in Social & Behavioural Sciences from IIT Delhi.

His expertise covers digital transformation, data-led decision-making, and sustainability. The company cites his holistic understanding of the evolving information technology landscape and his experience with global banks and process industries as key qualifications for the role.

The Supreme Court of India has quashed a ₹890.52 crore tax demand and an equal penalty against Tata Steel , marking a significant legal victory in a long-running Goods and Services Tax (GST) dispute.

The apex court’s judgment, delivered on August 25, 2026, sets aside the Show Cause Notice issued in June 2025 and the subsequent order by the Additional/Joint Commissioner of CGST & Central Excise, Jamshedpur. The dispute centered on the alleged irregular availing of Input Tax Credit (ITC) for the fiscal years 2018-19 through 2020-21.

Legal Background and Proceedings

The conflict began when the Office of the Commissioner of CGST and Central Excise, Jamshedpur, issued a Demand cum Show Cause Notice on June 13, 2025. The notice cited contraventions of Sections 16 and 41 of the Central Goods and Services Tax Act, 2017, along with applicable Jharkhand and Integrated GST laws.

The tax authority demanded the recovery of ₹890,52,10,202 in tax, plus an identical penalty amount and applicable interest. The Adjudicating Authority confirmed this demand via an order dated December 26, 2025, despite the company’s submissions that no excess ITC was availed. Tata Steel argued that claiming credit from one financial year in a subsequent year is permissible under GST laws and that the notice was barred by limitation.

Court Rulings and Final Judgment

Tata Steel challenged the adjudicating authority’s order by filing a Writ Petition before the High Court of Jharkhand on February 24, 2026. The High Court disposed of the petition on April 23, 2026, granting the company liberty to approach the Appellate Authority.

Dissatisfied with the High Court’s decision, the company filed a Special Leave Petition (SLP) before the Supreme Court. The apex court heard the matter on May 19, 2026, and stayed further proceedings. In its final judgment on August 25, 2026, the Supreme Court:

• Allowed the appeal filed by the company.
• Set aside the Show Cause Notice dated June 13, 2025, under Section 74 of the CGST Act.
• Quashed the Order-in-Original dated December 26, 2025, issued by the Jamshedpur tax commissioner.
• Granted liberty to the Tax Department to initiate appropriate proceedings under Section 74 of the CGST Act, provided foundational facts emerge from the notice itself and an order is passed before February 28, 2027.

What the Numbers Show

The quashing of the demand removes a potential liability of approximately ₹1,781 crore when combining the principal tax amount of ₹890.52 crore and the matching penalty of ₹890.52 crore. This figure excludes any accrued interest, which also stands quashed. The removal of this contingent liability strengthens the company’s balance sheet outlook, as it eliminates a significant non-operational cash outflow risk related to historical tax periods.

Regulatory Disclosure

Tata Steel Limited made this disclosure in compliance with Regulation 30 read with Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure references earlier filings dated December 28, 2025, April 29, 2026, and May 21, 2026.