Tata Trusts

Tata Trusts board skips thorny issues as key decisions remain pending

Tata Trusts confined discussions to routine matters, deferring decisions on N Chandrasekaran's tenure and Tata Sons' potential listing amid legal challenges

Tata Trusts denies charges of impropriety in 1989 share transfer

Tata Trusts, the string of non-profits that own two-thirds of the salt-to-software conglomerate, on Friday denied any wrongdoing in a 1989 share transfer. In a statement, TT refuted allegations made by a private person regarding the share transfer made by the Navajbai Ratan Tata Trust (NRTT) to the late Naval H Tata in the year 1989 as "baseless, unsubstantiated and malafide". The statement came after reports of one Suresh Patilkhede approaching the Charity Commissioner's office with a request to initiate an inquiry pertaining to the transfer of 833 shares between the two parties. As per reports, Patilkhede's move comes days ahead of a crucial board meeting of Tata Trusts on June 8. "It is affirmed that the transaction was lawful, undertaken for consideration and fully compliant with the rules in force at that point in time," the TT statement said. The share transfer was cleared at the appropriate levels, including by eminent lawyer Nani A Palkhivala, and approved by the then boar

Tata board meets next week, may skip talks on Chandra's term, listing

Upcoming Tata Trusts and Tata Sons board meetings are expected to focus on routine matters, with no immediate decision likely on Chandra's tenure or listing plans

Tata Sons board takes close look at new-age businesses; next meet June 12

No talk on Chandra's term or listing at meeting called on Noel's behest

Tatas' troubled trusts: Conflict brews over Tata Sons' listing plans

The House of Tatas is divided over Tata Sons' listing, among other issues. The 19-month journey since Ratan Tata explains the sequence of events

Charity Commissioner stops today's Tata Trusts meet, orders inspection

The Commissioner's Office has warned Tata Trusts that any other appropriate orders can be issued to prevent further violation of rules and protect interest of the public trust and its beneficiaries

Noel Tata votes against reappointment of V Srinivasan, Vijay Singh at TEDT

Reports state that Venu Srinivasan and Vijay Singh will cease to be trustees at TEDT after May 10, as Mehli Mistry and J N Mistry also voted against their reappointments

Much-awaited Tata Trust meeting on Tata Sons board nominations cancelled

A board meeting of Sir Ratan Tata Trust scheduled for Friday to reconsider nominations to the board of Tata Sons was cancelled for unspecified reasons, people with direct knowledge of the matter said. The meeting was cancelled despite the Bombay High Court declining to stay the meeting of Sir Ratan Tata Trust (SRTT), which owns 23.6 per cent of Tata Sons, the holding company of the over USD 180 billion Tata Group. "The meeting did not happen. No reason was specified," one of the persons said. No new date for the meeting has yet been informed. An emailed query to Tata Trusts did not elicit a response. A petition had challenged the meeting, citing that the trust's current board composition breached statutory limits introduced under the Maharashtra Public Trust (Second Amendment) Act, 2025. It cited that SRTT currently has six trustees and three of them -- Jimmy Naval Tata, Jehangir HC Jehangir, and Noel Naval Tata -- are lifetime trustees, constituting 50 per cent of the board, ...

Noel Tata's opposition to Tata Sons' listing creates rift within Group

Trustees at Tata Trusts are set to push for listing Tata Sons under RBI norms, exposing internal differences as Noel Tata seeks to keep the holding company closely held

Tata Trusts set to review representation at Tata Sons this week

If the review implies Srinivasan's exit from the Tata Sons board, Noel Tata will remain the only trustee nominee there

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

Understanding Trusts: What they are, how they work, and why they matter

As wealth becomes more complex, the trust structure is emerging as a vital tool for founders and families. Here's a simple breakdown of what they are, how they function, and why they matter

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 ...

Tata Trusts row: Mehli Mistry seeks probe over appointment of non-Parsis

Former trustee Mistry has accused Tata Trusts colleagues, including Chairman Noel Tata, of appointing non-Parsis as trustees, alleging violation of the trust deed's eligibility rules

Custodian, not owner or promoter: Listing key to Tata Sons control debate

Following the unexpected turn of events, it may help to take a closer look at what Tata Trusts, its trustees, its chairman, and the nominee directors stand for vis-a-vis Tata Sons

Tata Trusts stand on Chandrasekaran unchanged amid Noel's concerns

A Tata Trusts resolution backing a third term for N Chandrasekaran remains valid, even as questions linger over Tata Sons' future structure

Tata Group defers decision on Chandrasekaran's reappointment as chairman

During the board meeting, Tata Trusts chairman Noel Tata raised the issue of losses in certain group companies, and asked that Chandrasekaran commit in writing that Tata Sons will never be listed

Tata Sons board meet next week likely to steer leadership dialogue

Tata Trusts, the largest shareholder of Tata Sons, had last year passed a resolution recommending a third term for N Chandrasekaran

Tata Trusts reviews governance at Sir Ratan Tata Trust; trust deed likely

Tata Trusts may formalise governance at Sir Ratan Tata Trust with a written deed, as recent Maharashtra amendments set limits on lifetime trustees and fixed tenures

Pramit Jhaveri to step down from Sir Dorabji Tata Trust board at term's end

Jhaveri said the decision had been discussed earlier with Noel Tata and was now being formally communicated