Tata Trust

Sir Ratan Tata Trust in 'non-compliance' with trustee limit: SC ex-judge

The Sir Ratan Tata Trust (SRTT) is in "non-compliance" of an amended law in Maharashtra limiting the number of life trustees on a body, and should take urgent corrective steps, a legal opinion has said. The number of life trustees should come down to one from the present three, as per the opinion given by former Supreme Court Judge Justice Krishna Murari. "It is evident that the present composition of the Board of Trustees of the Sir Ratan Tata Trust, comprising three life trustees out of a total of six, is not in conformity with the mandate of Section 30A(2) of the Maharashtra Public Trust Act, 1950," the opinion, a copy of which has been reviewed by PTI, said. The opinion assumes significance as a lawyer has filed a petition with the Maharashtra Charities Commissioner alleging violations by the SRTT with regard to appointment of lifetime trustees. At present, there are six trustees on the SRTT of which three are lifetime ones. The lifetime trustees are late Ratan Tata's brother

Bai Hirabai Trust to alter clauses on trustee eligibility: Tata Trusts

Tata Trusts on Sunday said trustees of the Bai Hirabai Trust have decided to adopt proceedings before appropriate authority for alteration of restrictive clauses, such as prohibition of non-Zoroastrians from being trustees, in the eligibility criteria of being a trustee in it. The development comes days after Mehli Mistry, a former trustee of the Tata Trusts, challenged the appointments of veteran industrialist Venu Srinivasan and former defence secretary Vijay Singh to the board of Bai Hirabai Jamsetji Tata Navsari Charitable Institution (Bai Hirabai Trust) in a complaint to the Maharashtra Charity Commissioner. Mistry had claimed that Srinivasan and Singh do not satisfy the criteria laid out in the trust deed, including the specific conditions including practice of the Parsi Zoroastrian faith and residency requirements in Mumbai. Earlier this month, Srinivasan, a trustee of Tata Trusts, resigned from the Bai Hirabai Trust citing other business commitments but later admitted to ...

2 of 3 life trustees at Sir Ratan Tata Trust may need to step down

Immediate corrective action mandated to comply with rules

Board meet to appoint Neville on Sir Ratan Tata Trust as trustee cancelled

A proposed board meeting of the Sir Ratan Tata Trust (SRTT), which was supposed to take up the appointment of Neville Tata, son of Tata Trusts Chairman Noel Tata, as a trustee on Saturday is understood to have been cancelled due to lack of quorum. The cancellation of the meeting comes over two months after the failure of the first attempt to induct Neville Tata on the board of SRTT, which holds 23.6 per cent in Tata Sons, the promoter holding firm of the over USD 180 billion Tata Group. "All trustees could not attend, which is a requirement for trustee appointment," a person with direct knowledge of the development said. The meeting could be rescheduled in the next few days, the person added. However, others said the cancellation could be to take more time for discussion among the trustees to reach a consensus on the appointment. Query to Tata Trusts remained unanswered. The trustees of SRTT are Noel Tata, Venu Srinivasan, Vijay Singh Jimmy N Tata, Jehangir HC Jehangir and Darius

India Inc's big year: IPO boom, major splits, fundings and global AI push

From record fundraising and landmark listings to high-stakes corporate splits, global tech partnerships and boardroom disputes, here's how 2025 reshaped India's corporate landscape

Noel Tata secures son Neville's entry to one board, blocked on another

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 ...

Shades of global governance models reflected in Tata group boardroom battle

At home, though, unlike others, the Tatas are the only industrial group who consolidated all their trusts under a single public trust umbrella

Tata Trusts moves proposal to reappoint Mehli Mistry as lifetime trustee

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

Tata Trusts battle: Venu Srinivasan named life trustee before end of term

The renewal marks his transition to life trusteeship, cementing his position within one of the most influential charitable trusts of the Tata Group

Renewal of trustees' term in focus at Tata Trusts amid ongoing tension

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

Third term for Chandrasekaran: Tata Trusts sidesteps retirement rules

Tata Sons will formally consider the Trusts' resolution to extend Chandrasekaran's term in 2027, marking the first time a Tata executive may serve beyond the retirement age of 65

Show of calm at Tata Trusts board meeting amid heightened tension

Trustees focus on philanthropic initiatives as government urges both factions to settle differences amid tensions over Tata Sons' board and governance

Tata Trusts trustees to meet on Friday amid govt push to resolve rift

The outcome of Friday's meeting will be closely watched, as Tata Trusts - which holds a 66 percent stake in Tata Sons - wields significant influence over the conglomerate's governance and strategy

Noel, Chandra meet Shah, Sitharaman amid rising tension at Tata Trusts

It is learnt that the govt decided to intervene and called an urgent meeting to help resolve a crisis at the leading business house of the country and deliberate on ''misgovernance'' at Tata Trusts

Tata Sons, Trusts to set up a new Trust for long term care of AI victims

Chairman N Chandrasekaran told Tata Sons' board that a dedicated trust will be created with Tata Trusts to provide long-term support to victims' families

Noel Tata elected chairman of Tata Trusts after Ratan Tata's passing

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

Ratan Tata passes away at 86: A look at his life and enduring legacy

'From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come,' says Tata Sons Chairman N Chandrasekaran

Tata Steel saw record operational performance in FY23: CEO T V Narendran

Tata Steel India reported a record operational performance in the last financial year despite a challenging environment, according to the company's CEO & MD T V Narendran. The company produced 19.87 Million Tonnes (MT) of steel in the last fiscal as against 19.06 MT in 2021-22. During the same period, sales were higher at 18.87 MT compared to 18.27 MT in the year-ago period. "Tata Steel India reported a record-breaking operational performance in FY23 despite a challenging environment," Narendran said in a statement on Thursday. "Our strong marketing network and agile business model enabled us to grow across segments," he added. During January-March period, Tata Steel India's production increased to 5.15 MT from 4.90 MT in the year-ago period.

We see strong double-digit topline growth in FY23: Tata Projects MD

Vinayak Pai, who took over as the top man in the firm this July, dwells on the existing and prospective projects, and the future roadmap of the company

Tata Trusts CEO N Srinath retires, new chief to be announced soon

Srinath joined Tata Administrative Services in 1986 and led different Tata Companies in the ICT sector