A governance rift has erupted within the powerful Tata Trusts, as chairman Noel Tata and two other trustees voted against the reappointment of Mehli Mistry, a long-time associate of Ratan Tata. The decision marks one of the most significant internal disputes in recent years, threatening to upend the delicate balance of power at the helm of the charitable body that controls a 66% stake in Tata Sons—the holding company of the USD 365 billion Tata conglomerate. The rare boardroom dissent signals deep strategic and ideological divisions within India’s most respected corporate institution.
