New Delhi – The ongoing controversy within Tata Group, one of the country’s largest industrial conglomerates, and the Tata Trust crisis has taken a new turn. Tata Sons Chairman N. Chandrasekaran and senior Tata Trust member Noel Tata have met with Home Minister Amit Shah. It is believed that this meeting discussed administrative and legal issues related to the Trust.

Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran met with Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman on Tuesday.

During the meeting, which took place amid ongoing tensions among trustees regarding board appointments and administrative matters, Vice Chairman Venu Srinivasan and trustee Darius Khambatta were also present.

The meeting is considered significant amid concerns that the ongoing dispute at Tata Trust could impact the ₹15.9 lakh crore group.

Meanwhile, a major initiative has been taken toward resolving the dispute between the Tata Group and the Shapoorji Pallonji Group. Tata Trusts may offer to sell SP Group a 4-6% stake in Tata Sons.

This step is crucial for SP Group as it needs to repay ₹30,000 crore in debt. There is concern that SP Group, which is important for the country’s economy, might default due to heavy debt.

Allegations of Weakening Leadership

Tata Trusts holds a 66% stake in Tata Sons. According to reports, there is a rift between one faction led by Noel Tata, who became chairman after Ratan Tata, and another group led by Mehli Mistry (SP Group). Four trustees are accused of weakening Noel’s leadership and acting as a ‘super board’. The Tata Trusts board meeting is scheduled for October 10th.

What is the Power Controversy Ongoing in Tata Trust

Tata Trusts, the promoter and holding company of this group that operates businesses ranging from salt to semiconductors, has a profound impact on the Indian economy through its approximately 66% stake in Tata Sons.

There are two factions in Tata Trusts, one aligned with Noel Tata, who was appointed chairman of the Trusts after Ratan Tata’s demise. The other group of four trustees is led by Mehli Mistry, who is related to the extended Shapoorji Pallonji family, which holds approximately 18.37% stake in Tata Sons.

Mehli reportedly feels he has been kept away from important matters. Sources indicate that the main cause of the controversy is seats on the Tata Sons board, which controls the 156-year-old group comprising approximately 400 companies, including 30 listed firms.

One source said, “Given the importance of the Tata Group for the country’s economy, the biggest question before the government is whether it can hand over control to any one individual. The ongoing internal strife among Tata Trusts trustees is also affecting Tata Sons.”

Tata Group

The Tata Group is one of India’s largest and oldest multinational conglomerates, founded in 1868 by Jamsetji Tata. It has played a pivotal role in India’s industrial development, establishing the country’s first steel plant and luxury hotel chain. Today, it is a global enterprise with over 100 companies operating across diverse sectors including technology, steel, automobiles, and consumer goods.

Tata Trust

The Tata Trusts are a group of philanthropic organizations established in India, beginning with the JN Tata Endowment in 1892. Founded by members of the Tata family, the trusts have a long history of pioneering initiatives in education, healthcare, rural development, and culture, aiming to improve the quality of life for the Indian people. They are the majority shareholders of Tata Sons and use the dividends to fund a vast array of social and developmental projects across the country.

Tata Sons

Tata Sons is the principal investment holding company and promoter of the Tata Group, one of India’s largest and oldest industrial conglomerates. It was founded in 1868 by Jamsetji Tata as a private trading firm. The company is known for its philanthropic ownership, with a significant portion of its profits being directed to charitable trusts.

Shapoorji Pallonji Group

The Shapoorji Pallonji Group is a prominent Indian multinational conglomerate founded in 1865, originally starting as a construction company in Mumbai. Over its long history, it has grown into a diversified global enterprise with significant interests in engineering, infrastructure, real estate, and water treatment. The group is also famously known for being one of the largest stakeholders in the Tata Group, a relationship that dates back to the 1960s.

SP Group

I am unable to provide a summary for “SP Group” as it is not a specific place or cultural site, but rather the name of a major energy utility company in Singapore. The company, formerly known as Singapore Power, was formed in 1995 to manage the country’s electricity and gas transmission and distribution networks. Therefore, it does not have a history as a cultural or historical landmark for visitors.

Tata Trusts

Tata Trusts is one of India’s oldest and largest philanthropic organizations, established in 1892 by Jamsetji Tata. The Trusts have played a pivotal role in India’s development by pioneering institutions in science, education, and healthcare. Today, they continue to drive initiatives in areas like rural development, education, and livelihoods across the country.

Tata Sons board

The Tata Sons board is the governing body of Tata Sons, the principal investment holding company and promoter of Tata Group—India’s largest multinational conglomerate. Founded in 1868 by Jamsetji Tata, the group has a long history rooted in nation-building and philanthropy, and the board oversees the strategic direction of the vast business empire spanning diverse sectors.

Tata Group companies

The Tata Group is a major Indian multinational conglomerate founded in 1868 by Jamsetji Tata. It has grown from a private trading firm into a vast business empire encompassing diverse sectors such as steel, automobiles, IT, and hospitality. The group is historically renowned for its philanthropic ethos and its role in building foundational Indian industries like steel (Tata Steel) and hospitality (Taj Hotels).