Dorabji Tata Trust

The Tata group's internal power balance remains delicate as Noel Tata succeeded in placing his son, Neville, on the board of one of the two powerful trusts that holds majority stake in Tata Sons, but is said to have failed to get his way in the other, sources said. After the demise of patriarch Ratan Tata in October last year, Noel took over as the chairman of Tata Trusts, a group of philanthropic organisations that collectively own 65.4 per cent in Tata Sons, the holding company of the 156-year-old Tata Group, which comprises around 400 companies, including 30 listed entities. On Wednesday, Noel's son Neville and former group company leader Bhaskar Bhat were appointed to the Sri Dorabji Tata Trust (SDTT), which owns 28 per cent in Tata Sons, according to a statement issued by the trust. However, he couldn't get the two appointed on the Sir Ratan Tata Trust (SRTT), which holds 23.6 per cent in Tata Sons, sources said. This is apparently because of an objection raised by Venu ...

At 32, Noel Tata's son takes on trustee role as part of the Tata family's succession plan, while continuing to lead Trent Hypermarket's retail operations

Just two days before his three-year term in Sir Dorabji Tata Trust was to end, some sources indicated that Srinivasan, vice-chairman, Tata Trusts, had been re-appointed and made a life trustee

The reappointment comes amid reports of a rift among the trustees, with one faction reportedly aligning with Noel Tata, who became chairman after Ratan Tata's death, and others with Mistry

Trustees at Dorabji Tata Trust, the key trust which along with Sir Ratan Tata Trust own a majority of share in Tata Sons, have had a three-year term

Noel Tata's appointment brings clarity to the future leadership of one of India's largest charitable organisations

Noel Tata, half-brother of Ratan Tata, joined Sir Dorabji Tata Trust last week, marking the entry of the next generation of Tata family in Tata Trusts

In the days to come, Jhaveri can be expected to play a larger role at one of the country's largest business groups

Move is linked to managing trustee's 'significant' compensation