Mumbai (Maharashtra) [India], November 4 (ANI): Putting an end to speculation surrounding his trusteeship, Mehli Mistry has officially stepped down from the Tata Trusts, according to sources close to Mistry.
In a letter addressed to all trustees of the Tata Trusts, including Chairman Noel Tata, Mistry emphasized that his commitment to Ratan N. Tata’s vision includes a duty to ensure the Trusts remain free from controversy. He stated that escalating internal matters could cause irreparable harm to the reputation of the Tata Trusts.
“Therefore, in the spirit of Mr. Ratan N. Tata, who always put public interest before his own, I hope that the actions of the other trustees going forward will be guided by the principles of transparency, good governance, and public interest. I part ways with a quote that Mr. Ratan N. Tata used to say to me, ‘Nobody is bigger than the institution it serves,’” Mistry wrote in his letter.
Mistry’s tenure as trustee officially ended on October 27 this year. A board resolution passed on October 17 last year had proposed his reappointment as a lifetime trustee, but the move did not receive approval after three trustees opposed his reappointment to the two key trusts — the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust.
Earlier, Mistry had filed a preemptive caveat with the Maharashtra Charity Commissioner, seeking a hearing before any changes were made to the list of trustees.
With his decision, Mistry has now formally concluded his association with the Tata Trusts, marking an amicable end to the chapter. (ANI)
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