Tata Trusts Power Shift
Mehli Mistry, a long-time confidant of the late Ratan Tata and executor of his will, has been voted out of his position as a lifelong trustee of Tata Trusts.
The move marks a significant turning point for one of India’s most powerful philanthropic organisations, which collectively controls about 66% of Tata Sons, the holding company of the Tata Group.
- Noel Tata, chairman of Tata Trusts, opposed Mistry’s reappointment.
- Venu Srinivasan and Vijay Singh also voted against him.
- Darius Khambata, Jehangir HC Jehangir, and Pramit Jhaveri voted in his favour.
Author's summary: Mehli Mistry voted out as trustee.
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