Vice-Chairman Vijay Singh says a group of Tata Trusts trustees worked together to push him out of the Tata Sons board, claiming his removal was 'well planned if not plotted' and part of a wider power
In a key leadership reshuffle, the Tata Trusts — the controlling shareholder of Tata Sons — has appointed Neville Tata and Bhaskar Bhat as trustees for a term of three years.
Srinivasan gets 3-yr term in compliance with legal norms
The battle between Ratan Tata and Cyrus Mistry lasted five years but did not come in the way of the performance of the Tata group companies
Soon after the tension at the Tata Trusts board meeting, renewal of trustees' tenure turned into a contentious issue
The caveat notice has also been sent to all Tata Trusts trustees, according to a source close to the development
Three of six Tata trustees, including Noel Tata, Venu Srinivasan and Vijay Singh, have opposed Mehli Mistry's reappointment, ending his tenure on the boards of the Dorabji and Ratan Tata Trusts
If Mehli Mistry fails to get a nod from all trustees of Tata Trusts for his term renewal, it will be an unprecedented development that could escalate the ongoing tensions
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
The renewal marks his transition to life trusteeship, cementing his position within one of the most influential charitable trusts of the Tata Group
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
Venu Srinivasan's term up for renewal, Mehli Mistry next in line
Tata Trusts dispute focuses on trustee seats on Tata Sons board, group's business direction, and handling minority shareholder Shapoorji Pallonji's planned exit
The government has stepped in to resolve a major leadership crisis brewing within Tata Trusts. On October 7, top leaders from the Tata group, including Tata Sons Chairman N. Chandrasekaran, Tata Trust
Tata Group trustees, including Noel Tata and N Chandrasekaran, met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid internal disputes over board appointments at Tata Sons
Today's pieces examine the RBI's decision on the policy rate, what it might do on the issue of Tata Sons' listing, 100 years of the RSS, and the question of rising populism globally as well as India
Singh's decision to step down may have been triggered by differences among board members over exercising the power to appoint a nominee director on the Tata Sons board
Tata Sons' 107th AGM saw shareholders clear Noel Tata's appointment, other board changes and a higher dividend, with FY25 profit down on lower investment gains
In extending the term of executive chairman N Chandrasekaran, Tata Trusts has added additional clauses as adjuncts in the group's leadership journey
'The AI-171 Memorial and Welfare Trust' has been registered in Mumbai