3 Things Bonus Episode: The crisis brewing inside Tata Trusts
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Oct 9, 2025 In this insightful discussion, Shyamal Majumdar, the editor at Financial Express with expertise in corporate governance, unpacks the internal turmoil at Tata Trusts. He explores the split among trustees and how it threatens corporate governance and investor confidence. Shyamal highlights the contrasting leadership styles of Noel Tata and his predecessor, Ratan Tata. He also discusses the unusual step of seeking government intervention, the ripple effects on strategy, and how unresolved tensions could impact Tata companies and investors.
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Trust Rift Draws Government Attention
- A power struggle inside Tata Trusts has spilled into public and government attention, risking market confidence.
- The trustees' rift matters because Tata Trusts control the group's long-term direction and a 66% stake in Tata Sons.
Six Trustees, Two Camps
- The six Tata trustees have split into a 2-vs-4 configuration led by Noel Tata and Mehili Mistry respectively.
- The split produced board defeats, resignations, and clear factionalisation within the trust.
Vijay Singh's Defeat Sparked The Rift
- The dissenting camp opposed reappointment of longtime trustee Vijay Singh, defeating the motion and removing him from Tata Sons' board.
- That board defeat was the first visible sign of the trustees' discord and triggered wider consequences.