The team of Noel Tata blocked the re-appointment of Mehli Mistry as a permanent trustee of Tata Trusts, following a series of objections to the proposals of Noel Tata . Sources confirmed that three of the six trustees — chairman Noel Tata , vice chairman Venu Srinivasan, and Vijay Singh — opposed the renewal of Mehli Mistry’s term on the boards of the key trusts, including the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. Noel Tata ’s ascension to this powerful role comes at a key moment for the Tata Trusts which hold a 66% stake in Tata Sons Pvt Limited, indirectly controlling the sprawling business empire. As Noel Tata himself noted, the trusts remain committed to ‘developmental and philanthropic initiatives’ and ‘nation building’, but their power, structure and influence over the Tata conglomerate have expanded significantly under the late Ratan Tata ’s leadership. The trusts also signal a ... Noel Naval Tata (born 1957) is an Irish businessman. He is the chairman of the Tata Trusts, Trent and Tata Investment Corporation, the managing director of Tata International, and the vice chairman of Titan Company and Tata Steel. [1] Noel Tata and Mehli Mistry are two power centres in the Tata Trusts, which control a majority stake in the holding company of the Tata Group.
