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Mehli Mistry News- Mehli Mistry has announced his separation from Tata Group. He was having a dispute with Tata Trusts Chairman Noel Tata. Due to this, Mistry did not get re-appointment in the trusts.
New Delhi. Putting an end to the ongoing speculation regarding his trusteeship in Tata Trusts, former trustee Mehli Mistry on Tuesday officially announced his separation from the Tata Group. He announced this in a letter written to the trustees of Tata Trusts. Mistry said in his letter that it is his duty to protect the institute from any kind of controversy and maintain its reputation. He reiterated Ratan Tata’s teaching that no individual is greater than the institution he serves. After Mehli Mistry’s separation from Tata Group, the ongoing dispute in Tata Trusts is likely to come to an end.
Mistry’s trustee post ended on October 27. According to the resolution passed by the Board of Trustees on October 17, 2024, he was to be re-appointed as a life trustee. However, the proposal for his reappointment in two major trusts, Sir Dorabji Tata Trust and Sir Ratan Tata Trust, was not supported by three trustees. Because of this he could not be re-appointed.
Two groups were formed in the trusts
Two factions were formed in Tata Trusts. One was led by Noel Tata and the other by Mehli Mistry. It is noteworthy that after the death of Ratan Tata, Mistry played an important role in making Noel the chairman of Tata Trusts. But, there was a dispute between the two regarding the re-appointment of Vijay Singh, another trustee of the trusts.
Will the controversy stop now?
The controversy that broke out in Tata Trusts had also worried the government. For this reason, two Union Ministers had also held a meeting with Trusts Chairman Noel Tata and N. Chandrasekaran and asked them to end this dispute soon. Now with the announcement of Mehli Mistry’s separation from the Tata Group, this controversy seems to be coming to an end.
What did the mechanic write in the letter?
In the letter, Mistry wrote, “After returning to Mumbai last night, I became aware of the recent reports regarding my trusteeship at Tata Trusts. I am confident that this letter will help put an end to the speculations which are not in the interest of Tata Trusts and are contrary to its objectives. I leave with the same statement that Ratan Tata often used to tell me, ‘No man is greater than the institution he serves…'”
In his letter he also said that Ratan N. His commitment to Tata’s vision also means that he ensures that Tata Trusts does not get embroiled in any controversy, as any such situation could cause irreparable damage to the institution’s reputation. He further wrote, “Therefore, in line with the spirit of Ratan N. Tata, who always prioritized public interest before his own interests, I hope that the actions of other Trustees in times to come will be guided by the principles of transparency, good governance and public interest.”
