Tata Trusts’ Trustee Conundrum: The Mehli Mistry Reappointment Debate

Tata Trusts is considering Mehli Mistry's reappointment as a lifetime trustee for three key philanthropic bodies amid internal divisions. The decision follows Venu Srinivasan’s reappointment and raises questions about renewal approvals within the organization. The matter caught governmental attention, urging an amicable resolution considering Tata Group’s economic significance.

Tata Trusts has proposed reappointing Mehli Mistry as a lifetime trustee for three main philanthropic bodies, amidst internal divisions according to sources familiar with the matter.

The proposal, circulated on Thursday by the CEO of Tata Trusts, seeks Mistry's reappointment to several key trusts. Also, ongoing internal debates concern whether Mistry's reappointment should require unanimous trustee approval, especially after the recent lifetime reappointment of Venu Srinivasan.

The issue, which has reportedly split opinions within Tata Trusts, reached governmental ears, prompting meetings with Union Home Minister Amit Shah to find a peaceful resolution. Ensuring stability is crucial, given Tata Group's significant economic role in India.

(With inputs from agencies.)