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Power shift at Tata Trusts: Majority Vote Marks End of Mehli Mistry’s Tenure
Summary:
The Tata Trusts have voted against reappointing Mehli Mistry, a close confidant of the late Ratan Tata, marking his exit as trustee. With Noel Tata, Venu Srinivasan, and Vijay Singh opposing his continuation, the required unanimous consent was not achieved. The move shifts power toward Noel Tata’s faction and highlights internal divisions within the trusts, which together control 66% of Tata Sons. Mistry may challenge the decision, but experts say his legal standing appears weak.
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A major shake-up has occurred at India’s most prominent philanthropic vehicles, the Sir Dorabji Tata Trust (SDTT) and the Sir Ratan Tata Trust (SRTT), as the board of trustees voted against the reappointment of long-time trustee Mehli Mistry, widely viewed as a close confidant of Ratan Tata.
According to the reports, trustees including Noel Tata, Venu Srinivasan and Vijay Singh opposed Mistry’s term extension, thus forming a majority against his continuation. Since the Trusts’ rules require unanimous approval for trustee reappointments, the failure to secure that consensus effectively signals Mistry’s removal.
Together, SDTT and SRTT hold roughly 66 per cent of the equity in Tata Sons, the holding company of the Tata Group. That means the outcome at the Trusts has broader implications for ownership and governance across one of India’s largest conglomerates.
Mistry, who is also related to the late Cyrus Mistry and the Shapoorji Pallonji Group via family ties, has long had business relationships with Tata-group companies. His exit marks a notable departure from his previous role in the trusts.
Industry insiders say this development underscores a consolidation of power around Noel Tata’s faction within the Trusts and signals intensifying internal rifts. The decision comes just a year after Ratan Tata’s passing and follows earlier precedent of trustees acting by majority vote — a departure from tradition.
As per reports, legal experts suggest Mistry may challenge the decision, although they note that his role in approving other trustee appointments had been conditional—potentially weakening any legal claim.
For the Tata Trusts, this marks a turning point in governance and signals that internal alignment is being tested at the highest levels of India’s philanthropic-industrial nexus.
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