According to reports from The Indian Express and India Today on October 8, a power struggle has erupted within the core holding institution of the Tata Group over board appointments, prompting intervention from high-level Indian government officials. "Tata Sons," the subsidiary company under the "Tata Son" (Tata Sons), has more than 400 companies, including 30 listed companies, and its influence on the Indian economy is significant. This round of power struggle not only threatens the stability of the Tata Group but also touches upon the government's core concern of whether individuals should be allowed to control key corporate groups. The Tata Trusts hold about 66% of the shares in the Tata Group's holding company, "Tata Sons," and have considerable influence. After the death of Ratan Tata, former chairman of the Tata Group and "Tata Sons," in October 2024, the Tata Trusts revised their charter, stipulating that directors nominated at the age of 75 must be reappointed annually. It is reported that there are two factions within the Tata Trusts: one led by the current chairperson of the trust, Noel Tata, and the other led by Mehlil Mistry, opposing the Noel faction. Mistry is associated with the Pallonji family, which holds 18.37% of the shares in "Tata Sons." The family group has legal and financial disputes with "Tata Sons" and has long pushed for "Tata Sons" to go public to cash out their holdings. This time, four trustees from the Mistry faction jointly opposed the re-election of Vijay Singh, the former defense secretary of India and former director of "Tata Sons," and instead proposed Mistry to join the board, which was strongly opposed by the Noel faction, triggering a conflict between the two factions. The situation is now serious, and the Indian government has intervened in the mediation. On October 7, India's Home Minister Shah (Amit Shah) and Finance Minister Sitharaman (Nirmala Sitharaman) met with Noel and the chairman of "Tata Sons," Chandrasekaran (N Chandrasekaran), regarding the relevant issues.
Original article: www.toutiao.com/article/1845522896506880/
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