Mehli Mistry challenges Noel Tata's ₹1.42 cr Tata Sons fee, seeks return to Trusts
In an affidavit before the Maharashtra Charity Commissioner, Mehli Mistry questioned Noel Tata's ₹1.42 crore annual commission from Tata Sons and Vijay Singh's ₹20.1 crore payout, demanding the sums be redirected to Tata Trusts. The filing also flags conflict-of-interest concerns around trustee Venu Srinivasan, escalating the boardroom rift at India's largest conglomerate.
What happened
Mehli Mistry filed affidavit before Maharashtra Charity Commissioner questioning Noel Tata's ₹1.42 crore annual commission from Tata Sons, demanding it be
Key facts
- 1.42 crore
- 20.1 crore
Why this matters
Heightened scrutiny on trustee compensation and conflicts at India's largest conglomerate raises the bar for governance diligence in any Tata-adjacent partnership or transaction.
Also reported by
- Mint · Companies — Same time