Tata Trusts Chairman: Noel Tata can be made the new chairman of Tata Trusts. He is leading in this race. However, Mehli Mistry is also in the race for the post of Chairman of Tata Trust, who was very special and close to the late Ratan Tata. The one who becomes the chairman of Tata Trust will be the head of the Tata empire. An important meeting of Tata Trust regarding this is going to be held in Mumbai today.
Who will get Tata’s goods?
If Noel Tata becomes the chairman of Tata Trusts, then there is a possibility that Mehli Mistry can be made the permanent trustee of Tata Trusts. Mehli Mistry is the director of Meher Pallonji Group and a member of the executive committee that looks after the functioning of Tata Trusts. In recent years, Noel Tata’s role in the functioning of Tata Trust had increased. He is currently the trustee of Sir Ratan Tata Trust and Sir Dorabji Tata Trust which comes under Tata Trusts. This Trust not only manages the philanthropic activities of the Tata Group, but it also has a majority holding in Tata Sons, which is the parent company of the Tata Group.
Who is Noel Tata?
Noel Tata is the half brother of Ratan Tata who has been associated with the Tata Group for the last 40 years. At present he is on the board of various Tata Group companies. He is also the Chairman of Tata Group’s retail company Trent, Tata International Limited, Tata Investment Corporation and also the Vice Chairman of Tata Steel and Titan. During his tenure, Trent has climbed the ladder of success.
Mehli Mistry was close to Ratan Tata
Mehli Mistry has been very close to Ratan Tata since 2000 and his role has been important in the functioning of the trust. Mehli Mistry is the cousin of Cyrus Mistry, former chairman of Tata Sons, and when efforts were being made to remove Cyrus Mistry from the post of chairman of Tata Sons, Mehli Mistry had supported Ratan Tata. In October 2022, Mehli Mistry was included in the boards of two big Tata trusts, Sir Ratan Tata Trust and Sir Dorabji Tata Trust. These trusts hold 52 percent stake in Tata Sons and all the trusts hold 66 percent stake.
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