Tata Trusts Infighting Over Board Seats

It’s déjà vu for the Tata Group, as internal conflict resurfaces just four years after the Supreme Court resolved the high-profile feud over Cyrus Mistry’s removal as Tata Sons Chairman. This time, the discord lies within Tata Trusts—the charitable body that controls around 66% of Tata Sons. The ongoing infighting has attracted central government attention due to its potential impact on a group contributing an estimated 4% to India’s GDP.

Sources revealed that Union Ministers, including Amit Shah, summoned Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran to Delhi, urging them to maintain group stability. The clash stems from board appointments and governance issues. A September 11 meeting highlighted divisions over the reappointment of Vijay Singh, rejected by a four-member faction aligned with Mehli Mistry, cousin of Cyrus Mistry. Singh later resigned.

The split reflects deeper tensions, with Mehli Mistry’s camp accusing Noel Tata of excluding them from key decisions. They are demanding more transparency and governance reforms. With no public comments from those involved, the trustees are scheduled to reconvene soon, under pressure to resolve matters as Tata Sons awaits RBI’s decision on its CIC status following a missed listing deadline.

Leave a Reply

Your email address will not be published. Required fields are marked *