Mistry contests Noel Tata's ₹1.42 cr fee from Tata Sons

Less than two months after challenging his ouster from the Sir Dorabji Tata Trusts (SDTT), Mehli Mistry has questioned his removal from Ratan Tata Trusts (SRTT), the second-largest among the Tata Trusts.

- Varun Sood & Sachin P. Mampatta

In an affidavit filed before the Maharashtra Charity Commissioner on Friday, the close associate of late tycoon Ratan Tata also questioned Tata Trusts chair Noel Tata for drawing a commission from Tata Sons.

Mistry’s latest petition also questioned the commissions drawn by Tata trustee and retired defence secretary Vijay Singh from Tata Group companies, and alleged a conflict of interest in TVS Motor Co. chairman emeritus Venu Srinivasan—another trustee who also serves as Tata Sons board member—hiring a former Jaguar Land Rover creative head to work for his company.

“Applicant No.2 (Noel Tata) has been receiving annual commission of 1.42 crores from Tata Sons Pvt. Ltd as of the financial year 2024-2025," Mistry said in his affidavit, a copy of which was seen by Mint.

While Tata, one of the six Tata Sons board members, received remuneration, Tata Trusts' second Tata Sons nominee, Srinivasan, voluntarily decided not to take any fees, the Tata Sons annual report showed.

Mint could not independently ascertain whether Tata Trusts has a stated policy limiting its nominees from earning any fees from Tata Sons.