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Tata Trusts’ Mehli Mistry to Exit as 3 Vote Against Reappointment

Written by: Team Angel OneUpdated on: 28 Oct 2025, 7:27 pm IST
Mehli Mistry to step down from Tata Trusts as 3 of 6 trustees, including Noel Tata, vote against his reappointment.
Tata Trusts’ Mehli Mistry to Exit
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In a significant development for the Tata philanthropic ecosystem, Mehli Mistry, a long-time associate of the late Ratan Tata, is set to exit the boards of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust following a majority vote against his reappointment, as per the news reports. The decision marks a key moment of division within one of India’s most influential charitable foundations.

Trustees Oppose Mehli Mistry’s Renewal

On October 28, 2025, 3 of 6 trustees, including Chairman Noel Tata, Venu Srinivasan and Vijay Singh, opposed Mehli Mistry’s reappointment through a circular resolution. With this, Mistry’s term at the two trusts comes to an end. Darius Khambata and Prameet Jhaveri supported Mistry’s continuation at the Dorabji Tata Trust, while Khambata and Jehangir H Jehangir backed him at the Ratan Tata Trust.

Mistry, aged 65, joined the trusts in 2022 and was considered close to Ratan Tata. Together, the two core trusts control 51% of Tata Sons, the holding company of the Tata Group, granting them significant influence through board nominations and veto powers.

Internal Differences Deepen Within Tata Trusts

As per the news reports, the differences among trustees widened after the Mistry camp opposed Vijay Singh’s reappointment as a Tata Sons nominee director. This move reportedly deepened existing divisions within the trusts’ leadership.

Interestingly, Venu Srinivasan received unanimous approval for his own reappointment. However, Mistry added a condition that renewals should be reciprocal among trustees. The opposing faction, led by Noel Tata, disagreed, interpreting renewal rules differently.

Read More:Mehli Mistry’s Term at Tata Trusts Ends Today: Reappointment Process Underway!

Debate Over Life Trusteeship

After Ratan Tata’s passing last year, the trusts adopted a resolution declaring that every trustee would become a life trustee upon renewal. However, legal experts advising the trusts are divided over whether this resolution automatically grants lifetime status. Mistry’s exit has reignited discussions on the governance framework and interpretation of trusteeship rules within the organisation.

Connection With the SP Group

Although related to the Shapoorji Pallonji (SP) family, Mehli Mistry’s ties with them are understood to be distant. The SP Group and Tata Group have been locked in a corporate dispute since the 2016 removal of Cyrus Mistry as Tata Sons chairman. Despite this, Mehli Mistry maintained a largely independent relationship with the SP camp.

Conclusion

Mehli Mistry’s departure from the Tata Trusts marks the end of an era closely linked to Ratan Tata’s inner circle. The decision, driven by internal differences among trustees, may influence the governance structure and direction of the trusts that collectively shape the future of the Tata Group’s philanthropic and strategic initiatives.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.

Published on: Oct 28, 2025, 1:55 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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