Tag Archives: Ratan Tata

MUMBAI: Tata Trusts trustee Darius Khambata, in a letter to trustees including chairman Noel Tata, has expressed disappointment over the Trusts’ failure to correct what he described as a “doctored media narrative” suggesting a “coup or takeover” by some trustees.“What has been disappointing to me has been the failure of the Trusts to correct this fundamentally false narrative,” Khambata wrote …

Mehli Mistry has formally stepped down as trustee of the Tata Trusts, ending days of speculation over his position within the organisation. In a letter to all trustees, including chairman Noel Tata, Mistry cited his commitment to Ratan N Tata’s vision as the reason for his decision to withdraw, ANI reported.In his note, Mistry said his loyalty to Ratan Tata’s …

Tata Trusts’ infighting and internal discord has prompted the Centre to step in with Home minister Amit Shah and Finance Minister Nirmala Sitharaman meeting top Tata Group leaders in Delhi on Tuesday.According to an ET report, in the meeting which lasted around 45 minutes, the message from the government was clear: stability needs to be restored. The report said that …

MUMBAI: Key Tata Group leaders, including Tata Trusts chairman Noel Tata and Tata Sons chairman N Chandrasekaran, met top ministers in Delhi on Tuesday amid media reports of disagreements over governance, transparency, and the pressing issue of a potential listing by Tata Sons among two factions of Tata Trusts trustees.What transpired during the discussions was not immediately known. Noel Tata’s …

MUMBAI: The Pallonji Mistry family, the largest individual shareholders of Tata Sons, have backed Noel Tata’s appointment to the board of the holding company of the $180 billion Tata Group. Noel, 69, is the son-in-law of the late Pallonji Mistry and was nominated to the board of Tata Sons by its largest shareholder, Tata Trusts. The Mistrys own 18.4% of …

The distribution of Ratan Tata’s assets will commence after the will undergoes probate. Noel Tata, who chairs Tata Trusts, has joined the Ratan Tata Endowment Trust (RTET) board alongside Shireen and Deanna Jejeebhoy, who are half-sisters of late Ratan Tata. The existing trustees, Pramit Jhaveri and Darius Khambata, made these appointments, according to sources.The Trust has also welcomed two Tata …

Mohini Mohan Dutta’s professional journey began with the Taj Group, followed by establishing Stallion Travel Agency. Who is Mohini Mohan Dutta? That’s the question that everyone is asking after late Ratan Tata’s will was unsealed. The recent revelation of Ratan Tata‘s will has caused considerable surprise. Amongst the anticipated recipients and charitable allocations, the inclusion of Mohini Mohan Dutta, a …

In 2022, Ratan Tata established two entities to manage his personal wealth: the RTEF under Section 8 of the Companies Act 2013 and the Ratan Tata Endowment Trust. In light of uncertainty regarding trustee appointments to the Ratan Tata Endowment Foundation (RTEF), Tata stakeholders are considering opting for an arbitrator. A retired Supreme Court chief justice is likely to be …

MUMBAI: Shantanu Naidu, who gained recognition as an assistant to late industrialist Ratan Tata, has transitioned to Tata Motors as general manager for strategic initiatives after spending over six years at Tata Sons. “I remember when my father used to walk home from the Tata Motors plant in his white shirt and navy pants, and I would wait for him …