Tata Trusts reappoints Venu Srinivasan for life; focus shifts to Mehli Mistry amid internal rifts

Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life and all eyes are now on the upcoming decision regarding Mehli Mistry's renewal, amid reported internal divisions within the organisation.

The reappointment of Srinivasan this week, ahead of his term expiring on October 23, comes amid reports of a vertical split within Tata Trusts - with one faction said to align with Noel Tata, who took over as chairman following Ratan Tata’s death and the other comprising those seen as loyalists of the former doyen. A source with direct knowledge of the matter said reappointment of Srinivasan, chairman emeritus of TVS Group, was unanimous. Tata Trusts declined to comment on the news.

The focus now shifts to the reappointment of Mistry, whose term ends on October 28, with opinions divided on whether his continuation is automatic or requires unanimous approval from the trustees for a lifetime tenure.