6 months ago
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The Tata Trusts gathering connected November 11 was not without drama.
Venu Srinivasan, a trustee successful the Sir Ratan Tata Trust (SRTT) and its Vice-Chairman, is learnt to person objected to the mode successful which a solution proposing to name Neville Tata and Bhaskar Bhat arsenic trustees was brought up.
The substance was not listed successful the agenda. Mr. Neville and Mr. Bhat were appointed trustees of the Sir Dorabji Tata Trust (SDTT) astatine its committee gathering that preceded the SRTT meeting.
SRTT and SDTT are the 2 biggest successful the household of Tata Trusts and collectively clasp a small implicit 51% successful Tata Sons.
According to a idiosyncratic contiguous astatine the committee meetings connected Tuesday (November 12, 2025), Mr. Srinivasan pointed retired that specified a substance should not person been brought up nether “Any different items for discussion” successful the agenda. He is reported to person said that a “proper discussion” was necessary, for which the solution should person been listed successful the agenda.
In the Trusts gathering connected Tuesday (November 12), SDTT was taken up first, followed by SRTT. Mr. Srinivasan, who attended the gathering virtually, was not portion of the SDTT gathering arsenic his assignment had to beryllium confirmed successful enactment with the Ordinance passed by the Maharashtra authorities connected September 1.
The Ordinance caps the tenure of trustees to 3 years and limits the fig of beingness trustees.
In the SDTT meeting, lawyer and trustee Darius Khambatta and ex-Citibanker, Pramit Jhaveri, are learnt to person projected the assignment of Neville Tata arsenic trustee, portion Noel Tata projected Bhaskar Bhat.
According to the source, who did not privation to beryllium identified, chap trustee Vijay Singh was taken aback by the move, but fell successful line.
The gathering besides resolved to disband the enforcement committee that was moving the Trust, frankincense vesting last powers with Chairman Noel Tata. The committee had earlier comprised Srinivasan, Vijay Singh, Noel Tata and Mehli Mistry (until his word ended).
(The writer is the Editor, The Hindu businessline)
