Discussions on everyday philanthropic and healthcare projects took place at the Tata Trust board meeting. Controversial issues were avoided. This meeting was held between trustees divided into two factions, including groups led by Noel Tata and Mehli Mistry, who were in discussion due to disagreements over the Trust's board appointments and administration.
Tata Trust Board Meeting: In the Friday meeting of the Tata Trust board, everyday philanthropic and healthcare projects were discussed, while controversial issues were not raised. This meeting took place between trustees divided into two factions, including groups led by Noel Tata and Mehli Mistry. The meeting was held after the Trust leadership met with Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman on Tuesday.
Meeting Agenda
Sources stated that the meeting primarily discussed the Trust's regular philanthropic activities, healthcare projects, and rural development schemes. The Trust did not make any public comment on the details of this meeting. However, various reports indicated that the board also reviewed financial proposals.
Noel Tata, Chairman of Tata Trust, and N. Chandrasekaran, Chairman of Tata Sons, organized this meeting after their Tuesday encounter with Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman. According to sources, the objective of the meeting was to ensure the smooth functioning of the Trust's daily activities.
Two Factions within the Trust
Currently, Tata Trust is divided into two factions. The first faction is with Noel Tata. Noel Tata was appointed Chairman of the Trust after the demise of Ratan Tata. The second faction is led by the Shapoorji Pallonji family, which includes four trustees and is led by Mehli Mistry.
The Shapoorji Pallonji family holds approximately 18.37 percent stake in Tata Sons. According to sources, Mehli Mistry feels that he has been excluded from important matters. The main cause of the dispute is appointments to the board of directors of Tata Sons and administrative powers.
Meeting with Union Ministers on Tuesday
The leadership team of Tata Trust met with Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman on Tuesday. During this meeting, the main focus of discussion was on the Trust's activities and financial matters. Following this meeting, the Trust's board held its regular meeting on Friday, focusing on daily operations and development projects while avoiding controversial topics.
Trust's Social and Financial Activities
The meeting reviewed Tata Trust's hospitals, educational institutions, and rural development projects. Additionally, the Trust's financial proposals were discussed. The objective of the Trust is to ensure the smooth operation of these projects. The board refrained from raising any controversial issues.
Relationship between Trust and Tata Sons
Tata Trust controls the companies of the Tata Group. Tata Sons, a 156-year-old promoter company, plays a crucial role in the activities of the Trust and the group. Disagreements between the Trust's trustees and Tata Sons over board appointments and administrative powers have consistently been in the news.
