Senior Tata Group executives, including Tata Trusts Chairman Noel Tata and Tata Sons Chairman N. Chandrasekaran, met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman on Tuesday, as internal disputes among trustees over board appointments and governance intensified.
Noel Tata and Chandrasekaran were joined by Tata Trusts Vice Chairman Venu Srinivasan and trustee Darius Khambata when they arrived at Shah’s residence in the evening. Finance Minister Sitharaman also participated in the discussions at the home minister’s residence.
According to multiple reports, the Trust is currently divided into two factions. One group aligns with Noel Tata, who assumed the chairmanship of the Trusts following Ratan Tata’s passing. The opposing faction, comprising four trustees, is reportedly led by Mehli Mistry.
The reports claim that Mistry feels sidelined and excluded from key decision-making processes, fueling tensions within the Trust.
A PTI report quoted a source as saying, “The primary question in front of the government, considering how significant and important the Tata Group is to the country’s economy, is whether it can let an individual take control of it. The infighting among trustees of Tata Trusts has an impact on Tata Sons.”