Government officials are intervening in the ongoing conflict within Tata Trusts, which oversees a significant stake in Tata Sons, following a meeting on Tuesday evening. Key figures, including Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran, met with Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman to discuss the governance crisis. The meeting also included Tata Trusts Vice Chairman Venu Srinivasan and trustee Darius Khambata.

The discord among trustees has raised concerns about its potential impact on Tata Sons, the holding company of the $180 billion Tata Group. Sources indicate that the government is keen on ensuring that the dissenting trustees adhere to the established "Tata way," which emphasizes consensus in decision-making. The government aims to resolve the dispute swiftly to prevent it from escalating further.

The conflict primarily involves four dissenting trustees—Mehli Mistry, Jehangir HC Jehangir, Darius Khambata, and Pramit Jhaveri—who are reportedly seeking more influence over Tata Sons' operations, including the approval of board meeting minutes. The Mistry faction has expressed dissatisfaction over their exclusion from key decisions and has raised concerns about the lack of information from Tata Sons' board members nominated by Tata Trusts.

Additionally, the dissenting group has rejected three candidates proposed by Noel Tata for new directorships on the Tata Sons board. These candidates include prominent figures such as lawyer Behram Vakil, Tata Steel MD TV Narendran, and banker Uday Kotak. The Tata Sons board currently has six members due to recent vacancies, including the retirement of Ralph Speth and the expired terms of Ajay Piramal and Leo Puri.

The upcoming meeting of Tata Trusts on October 10 is expected to address these issues, as the government continues to monitor the situation closely. The internal strife within Tata Trusts is seen as a critical matter, given the group's significant role in the Indian economy and its extensive portfolio of companies.