The board meeting chaired by Noel N. Tata, only discussed routine issues and the preset agenda was strictly followed. No contentious or other issues were raised by anyone or discussed, it is reliably learnt.
The meeting of the board of trustees of Tata Trusts, held on Friday, passed off smoothly as expected with ‘rebels’ falling in line following the ‘advice’ of two Union Ministers to work in unison and settle all differences among themselves.
The board meeting chaired by Noel N. Tata, only discussed routine issues and the preset agenda was strictly followed. No contentious or other issues were raised by anyone or discussed, it is reliably learnt.
A few of the ‘rival camp” members attended the meeting and discussions centred around grants to various hospital and rural developmental projects, a person familiar with the discussions said.
It is also reliably learnt that a group in the Tata Trusts was active for almost a year to capture key positions in Tata Sons to influence decisions and benefit.
“It was building up since Ratan Tata died,” a person privy to the developments said. The group tested first success when they successfully voted out Tata Trusts trustee Vijay Singh, from the board of Tata Sons.
Mr Singh, a former defence secretary was a close confidant of Ratan Tata and had served on the board of Tata Sons before getting appointed as a Trustee in Tata Trusts.
Demand for listing
Meanwhile, Shapoorji Pallonji Mistry, the Chairman of Shapoorji Pallonji Group which holds about 18% stake in Tata Sons, in a statement demanded listing ofTata Sons.
Shapoorji Pallonji Mistry, the Chairman of Shapoorji Pallonji Group which holds about 18% stake in Tata Sons, in a statement demanded listing ofTata Sons.
| Photo Credit:
NAGARA GOPAL
“In light of the recent developments pertaining to the internal matters of Tata Trusts, it is both timely and necessary to reiterate our long-standing position – one that has always been rooted in transparency, fairness, public interest, and adherence to the principles of good corporate Governance,” he said.
“The Shapoorji Pallonji Group has consistently advocated the public listing of Tata Sons. We firmly believe that listing this premier institution will not only uphold the spirit of transparency envisioned by its founding father, Shri Jamsetji Tata, but also strengthen trust among all stakeholders — employees, investors, and the people of India,” he said.
“Our stance is guided by a simple yet profound belief – Transparency is the truest form of respect for both legacy and the future. As one of India’s oldest business houses, we have full faith in the Reserve Bank of India, a constitutional and autonomous body, to take decisions grounded in the principles of equity, justice, and public interest,” he said.
“The public listing of Tata Sons is not merely a financial step — it is a moral and social imperative. It will unlock immense value for over 1.2 crore shareholders of listed Tata companies, who are indirect shareholders of Tata Sons, representing the aspirations of all Indians — the very citizens who have, for decades, held faith in the Tata name as a symbol of integrity and national pride,” he said.
“Importantly, Tata Trusts, India’s largest public charity, stands to benefit immensely from this process. A transparent and publicly accountable Tata Sons would pave the way for a robust and equitable dividend policy, thereby ensuring sustained inflows to the Trusts. These funds, true to the founding vision of the Tatas, can then be dedicated to the welfare of the poor, the upliftment of communities, and the service of our great nation,” he added.
Published – October 10, 2025 09:24 pm IST
