Ratan Tata, who led the Tata Group through one of its most transformative phases, was remembered not only for building global businesses but also for redefining the idea of corporate responsibility in India.
Simone Tata was instrumental in transforming Lakmé into India's leading cosmetics brand
In his new book Doing the Right Thing: Learnings from Ratan Tata, Tata Group veteran Harish Bhat recounts how Ratan Tata got upset over the low share for retail investors in the TCS IPO
In a conversation with Business Today TV, Bharat Forge’s Vice Chairman and Joint Managing Director Amit Kalyani detailed the company’s upcoming investment plans in Andhra Pradesh. He highlighted that Bharat Forge first entered the state during the Chief Minister’s 2018 term with a facility near Nellore, and is now broadening its footprint across defence, shipbuilding supply chains, industrial manufacturing, and digital AI-driven upskilling. Kalyani underscored the state’s strong talent pool and noted the company’s participation in initiatives such as the Ratan Tata Innovation Hub and the Anandpur Node to advance Industry 5.0 capabilities. He added that Visakhapatnam’s mature shipbuilding ecosystem positions Andhra Pradesh as a critical anchor for key national manufacturing sectors. Kalyani also spoke about India’s economic resilience amid ongoing geopolitical challenges and shared his views on the implications of the U.S. 50% tariffs on India.
At the CII Partnership Summit, Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge, highlighted the company’s strengthened commitment to Andhra Pradesh. He noted that Bharat Forge first invested in the state during the Chief Minister’s 2018 term with a plant near Nellore, and is now expanding into areas such as defence, shipbuilding supply chains, industrial manufacturing, and digital AI-led upskilling. Kalyani emphasised the state’s strong talent base and the company’s involvement in initiatives like the Ratan Tata Innovation Hub and the Anandpur Node to support Industry 5.0 skills. He added that Visakhapatnam’s established shipbuilding ecosystem positions Andhra Pradesh to anchor key national manufacturing sectors. The company’s positive experience over the past several years and the government’s clear roadmap, spanning data, manpower, skills and energy, have encouraged Bharat Forge to commit to further long-term investments in the state.
With Mehli Mistry being voted out as a trustee, the power struggle at Tata Trusts appears to be over. Will the peace hold?
Tata Trusts on Tuesday appointed Neville Tata, son of chairman Noel Tata, and veteran executive Bhaskar Bhat to the board of the Sir Dorabji Tata Trust (SDTT). The board also revised Venu Srinivasan’s lifetime trusteeship, limiting his term to three years.
The ouster followed a pivotal meeting on October 28, during which Noel Tata, industrialist Venu Srinivasan, and former Defence Secretary Vijay Singh voted against Mistry’s reappointment.
A recent development concerning a trustee appointment has led to a legal challenge at the charity commissioner's office. The matter revolves around a resolution passed by Tata Trusts on October 17, 2024, stipulating that trustees would be reappointed for life without tenure limits, subject to a unanimity clause. This condition requires every trustee to be in favor of a reappointment. In a specific instance, a 3-3 vote occurred regarding a trustee's reappointment, with three trustees supporting and three opposing, creating a deadlock. Krishna Gopalan of Business Today noted that 'Mistri believes that he's been wronged' and has consequently pursued legal recourse by filing a caveat with the Maharashtra Charity Commissioner. This situation has brought the sanctity of the unanimity clause under scrutiny, highlighting existing friction among trustees. The legal hearing is expected to prolong the matter, with a potential for reinstatement or permanent ousting being considered. The October 2024 resolution is central to the ongoing legal arguments.
Mistry’s term was not renewed on October 28, after a majority of trustees at the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, which together control Tata Sons, voted against his reappointment. Lawyers for Mistry and other trustees reportedly visited the Charity Commissioner’s office in Worli last week.
A quiet power struggle is unfolding inside the Tata empire. A year after the passing of Ratan Tata, his long-time confidant Mehli Mistry has reportedly been ousted from the Tata Trusts, the powerful bodies that control a 66% stake in Tata Sons. The trusts — Sir Dorabji Tata Trust and Sir Ratan Tata Trust — voted against Mistry’s reappointment, ending his tenure just as the group navigates a crucial leadership transition. With key trustees including Noel Tata, Venu Srinivasan, Vijay Singh, Jehangir HC Jehangir, and Darius Khambata in the mix, the development has deepened internal divisions. Analysts say the move could consolidate Noel Tata’s influence in shaping the future of the Tata Group.





