MEHLI MISTRY
Mehli Mistry approaches Maharashtra Charity Commissioner over Tata Trusts ouster
The Charity Commissioner oversees affairs of public trusts in the state under the Maharashtra Public Trusts Act, 1950. The move comes after Tata Trusts declined to renew Mistry’s term on October 28. In a written representation, Mistry has requested that any proposal to amend the list of trustees should trigger a formal notice to him, ensuring an opportunity to be heard before any decision is made. Tata Trusts is yet to file the ‘change report’ with the Charity Commissioner and is working on it, said people aware of the matter.
Tata Investment Corp shares slide nearly 25% since stock split. Right time to buy?
Tata Investment Corporation shares have fallen nearly 25% post-split, amid profit-booking and growing unease over the Tata Group's leadership turmoil. Technical experts suggest the stock is in a cooling-off phase, with Rs 760 being a crucial support level. The group's internal disputes and operational challenges are weighing on investor sentiment.
Another October ouster: Mehli Mistry's Tata exit echoes an old rift
Mehli Mistry, a long-time Tata Trusts trustee, has been voted out by a majority decision, ending his tenure effective October 28. The ouster follows disagreements over trustee reappointment and information sharing from Tata Sons board meetings. Mistry's exit marks a new chapter for Tata Trusts under Noel Tata's leadership.
Mehli Mistry: The veteran who once chose Ratan Tata over his family now faces ouster from Tata Trusts
Mehli Mistry, once among Ratan Tata’s closest confidants, is set to exit Tata Trusts after chairman Noel Tata, vice chairman Venu Srinivasan, and trustee Vijay Singh declined to renew his term, effectively ending his tenure at the apex charitable bodies. With three trustees opposing the renewal, the decision forms a majority at both Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), which together control 51% of Tata Sons.
ET Exclusive: At Tata Trusts, majority vote for removal of Mehli Mistry
In a major shake-up at the Tata Trusts, Mehli Mistry — once considered a close confidant of Ratan Tata — is set to exit the apex charitable bodies after chairman Noel Tata, vice chairman Venu Srinivasan and trustee Vijay Singh declined to approve the renewal of his term, people familiar with the matter said.
Battle lines drawn at Tata Trusts ahead of vote on Mehli Mistry
Tata Trusts face a crucial decision on Mehli Mistry's reappointment, splitting trustees into opposing factions. Noel Tata, Venu Srinivasan, and Vijay Singh are against his renewal, while Darius Khambata, Pramit Jhaveri, and Jehangir HC Jehangir support him. The outcome will significantly impact the governance of Tata Sons.
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'Painful to see what's happening': Tata veteran Noshir Soonawala urges resolution as group broils under governance storm
Longtime Tata Group veteran Noshir Soonawala expressed pain over ongoing disagreements among Tata Trusts trustees. He hopes for a resolution to the governance tensions that emerged after Ratan Tata's passing. Soonawala, now an outsider, reflects on the complex history of the 157-year-old group.
Noel Tata, others unlikely to okay Mehli Mistry's renewal
Tata Trusts trustees Noel Tata, Venu Srinivasan, and Vijay Singh may not approve Mehli Mistry's reappointment. Mistry's term ends soon, and a renewal vote is expected. This disagreement could spark legal battles. Mistry was seen as opposing Tata and other directors. Unanimity has been a norm for trustee appointments, but recent decisions have broken convention.
Mehli Mistry sets rare condition for trustee renewal at Tata Trusts amid simmering differences
Tata Trusts trustee Mehli Mistry has approved Venu Srinivasan's reappointment as trustee and vice chairman, but his approval is conditional on all future trustee renewals being unanimous. This condition applies to Mistry's own upcoming renewal as well. The move comes amid ongoing differences within the trusts.
Tata Trusts reappoints Venu Srinivasan for life; focus shifts to Mehli Mistry amid internal rifts
Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life. All eyes are now on the upcoming decision regarding Mehli Mistry's renewal. This comes amid reports of internal divisions within the organization. The reappointment of Srinivasan was unanimous. The focus now shifts to Mistry's reappointment, with opinions divided on the process.
Tata in the spotlight: Two key Trust renewals this week as Srinivasan’s term ends and Mehli Mistry awaits renewal
Tata Trusts faces a crucial week as trustee terms for Venu Srinivasan and Mehli Mistry are up for renewal. These appointments are effectively for life and require unanimous trustee approval. Divisions within the Trusts have lately caused contention. The government is keen on stability at Tata Sons, which is 66% owned by Tata Trusts.
Mehli Mistry dismayed Noel Tata didn’t back him for Tata Sons board amid Trusts’ internal divide
A Tata Trusts board meeting exposed deep divisions among trustees. Disagreements arose over nominating Mehli Mistry to the Tata Sons board. Some trustees sought a stronger voice for the Trusts. Others supported the reappointment of Vijay Singh. The vote ultimately led to Singh's resignation. This reveals internal dynamics within the Tata empire.
TCS, Tata Motors tumble up to 42% from peak, with over Rs 4L cr wiped off Tata stocks in 2025 amid boardroom turmoil
The Tata Group faces a challenging year as boardroom tensions at Tata Trusts coincide with sharp declines in flagship stocks. Governance disputes, disagreements over Vijay Singh’s reappointment, and Shapoorji Pallonji Group’s stake in Tata Sons add to uncertainty. Coupled with operational setbacks at TCS, Air India, and Jaguar Land Rover, even India’s corporate gold standard is under pressure.
Multiple trustees now lean towards IPO for Tata Sons
Tata Trusts trustees are considering a change to a resolution that kept Tata Sons private. This move could allow the conglomerate's holding company to be listed on stock exchanges. The Shapoorji Pallonji Group has long sought a listing for liquidity. The government has urged stability within the Trusts. Divisions among trustees are evident, with some advocating for the listing.
Tata Trusts board meets amid infighting among trustees
Tata Trusts board met Friday, focusing on routine projects. This follows a meeting with Union ministers. A rift among trustees over board appointments and governance has emerged. The dispute centers on nominations to the Tata Sons board. Vijay Singh resigned from the Tata Sons board after his reappointment was rejected. The situation impacts the Tata conglomerate.
Shapoorji Pallonji Mistry comes in support of Tata Sons' listing, says committed to play constructive role
Shapoorji Pallonji expresses commitment to constructive role amid tussle with Tata Trusts and Tata Sons, advocating for listing to enhance transparency. Tata Trusts' board held a routine meeting, avoiding contentious issues like board appointments and governance, following a high-level meeting with government ministers.
Trustee of Tata's charity arm calls internal disagreements 'unprecedented'
A significant boardroom rift has emerged at Tata Trusts, the charity controlling the $180-billion Tata Group. Trustee Vijay Singh was not reappointed to the Tata Sons board, a move described as unprecedented. This internal dispute fuels fears of a repeat of past public spats. Two factions within Tata Trusts reportedly disagree on key issues.
A year after Ratan Tata’s death: Legacy, leadership & turmoil at Tata group
One year after Ratan Tata's passing, his legacy as a visionary leader and philanthropist is celebrated. However, the Tata Group faces internal turmoil within Tata Trusts, impacting the $180 billion conglomerate. Tata's leadership transformed the group, venturing into new sectors and expanding globally.
Tata group leaders meet Amit Shah, Nirmala Sitharaman amid Tata Trusts' internal rift over governance, appointments
Top Tata group leaders, including Noel Tata and N Chandrasekaran, met with Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman. The meeting occurred amidst internal disputes among Tata Trusts trustees concerning board appointments and governance, potentially affecting the conglomerate's operations.
ET Exclusive: Govt to take stock of Tata tensions; ministers to meet group leaders over infighting, Tata Sons' listing plans
New Delhi is intervening in the infighting at Tata Trusts, the majority shareholder of Tata Sons, amid concerns it could impede the conglomerate's functioning. Senior ministers will meet Tata officials to address trustee divisions over director appointments and information sharing, while also discussing the mandatory public listing of Tata Sons.
Fight for Tata Sons control? Trustees' nominee move sparks rift at Tata Trusts
Tensions flared at Tata Trusts over the reappointment of nominee directors on Tata Sons’ board, highlighting deeper divisions over control of the Rs 27 lakh crore conglomerate. Four trustees opposed Vijay Singh’s renewal, prompting his resignation.
Who is Mehli Mistry, Cyrus' estranged brother, likely to get a key position in Tata Trusts
Mehli Mistry is a strong supporter of Ratan Tata and a board trustee. He is expected to get a key position in Tata Trusts. Along with Noel Tata and others, he will oversee Tata Trusts' operations. The succession plan is crucial as Tata Trusts holds 52% in Tata Sons, the parent of Tata Group.
Mehli Mistry joins board of Ratan Tata's investment firm
Tata and Mistry are the only directors of RNT Associates. Mistry's induction has not been previously reported. RNT Associates has offices in Mumbai and Singapore and has invested in startups such as ikure, cult.fit and Greaves Electric Mobility according to Tracxn data. An email sent to Tata did not elicit a reply till the time of going to press.
Mistry vs Mistry: Mehli Mistry counters charges slapped on him by the ousted Tata Sons chairman
Mehli Mistrty believes that had Cyrus’ father Pallonji Mistry been active, this point of no return at the Tata group would never have been crossed.
Cyrus will go down as lame duck of Bombay House: Mehli Mistry
People close to Cyrus believe that Mehli wields a lot of influence over Ratan Tata. Mehli rubbishes these accusations, saying while the friendship can’t be disputed.
Tata Power climbs 4% as Mehli Mistry buys 2.57 crore shares
The purchase through the stock exchanges was valued at about Rs 200 crore and amounts to about 1 per cent of Tata Power’s equity, a source close to Mehli Mistry said.
Mehli Mistry picks up stake in Tata Power
Mehli Mistry is considering all legal options, the source said. Tata Power ended Thursday at Rs 74.95, up 1.35%, on the BSE.
Tata Sons board also discussed bigger stake in PNB-Metlife on Oct 24: Cyrus Mistry's petition
The board meeting discussed proposal to bid for 70% stake in the insurer in which a key member of Mistry family & a friend of Ratan Tata owned a stake.
Before Cyrus Mistry took charge, companies run by his cousin Mehli gained 300 times from Tata Group contracts
After Cyrus assumed charge in 2012, a bidding process was adopted for contract renewals and his cousin's companies lost some of these contracts.
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