The current disquiet in the $180-billion Tata Group is more than a boardroom battle for control and strategy.
According to two individuals from the inner circle of Tata and the two Mistry families involved, it is mainly a change in sentiment among the actors involved that has caused a stir in the boardrooms. Advertisement
“What appears to be a boardroom power struggle is essentially a shift in old familial relationships that have undergone emotional tumult in the past, and are going through a reorganization of interests for a cause that is being dictated by community interest, and not any business philosophy,” said one of the individuals who is part of the inner circle of the Parsi families involved.
It is learnt that all the Parsis in the board of trustees at Tata Trusts have banded t