New Delhi : The government has asked the Tata Group leadership to restore stability within Tata Trusts after internal divisions threatened to spill over into Tata Sons, the holding company of India’s largest conglomerate. The tensions stem from a group of four trustees within Tata Trusts who have reportedly acted as a “super board,” undermining Chairman Noel Tata’s authority.
Home Minister Amit Shah and Finance Minister Nirmala Sitharaman delivered a firm message to Tata Trusts Chairman Noel Tata, Vice-Chairman Venu Srinivasan, Tata Sons Chairman N Chandrasekaran, and Trustee Darius Khambata. According to the report, the government encouraged the leadership to take decisive steps, including the possible removal of any trustee whose actions could destabilise the group.
The discussions reportedly covered regulatory matters, including the Reserve Bank of India’s (RBI) mandate for the listing of upper-layer non-banking financial companies (NBFCs), including Tata Sons, and the search for a liquidity solution for the Shapoorji Pallonji Group, Tata Sons’ second-largest shareholder. The government has reportedly taken a stern view of the ongoing tensions and expects the Trusts to resolve differences internally and discreetly, without public confrontation or escalation.
The trustees allegedly involved are Darius Khambata, Jehangir HC Jehangir, Pramit Jhaveri, and Mehli Mistry. According to sources, they have attempted to influence Tata Sons’ governance by vetting board meeting minutes and approving independent directors shortlisted by the company’s Nomination and Remuneration Committee. These moves, the sources said, raise serious corporate governance concerns within the organisation.
Tata Consultancy Services (TCS) shares were up about 2% at Rs 3,025. The company cancelled its scheduled press conference for Q2 FY26 results, originally planned for October 9, coinciding with Ratan Tata’s death anniversary, but confirmed its analyst call would proceed as planned. Tata Steel edged up 0.4% to Rs 172.14, Trent gained 0.5% to Rs 4,709, and Tata Technologies rose 0.5% to Rs 716.50. Tata Motors slipped 0.34% to Rs 695.65.
Read More : Sameer Wankhede’s Defamation Suit : Delhi HC Issues Summons to Red Chillies Entertainment, Netflix