Mehli Mistry is set to exit the Tata Trusts after a majority of trustees voted against extending his term on the boards of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. His three-year tenure ends on October 28.

Reports indicated that a circular resolution circulated last week resulted in three of the six trustees—Chairman Noel Tata, Venu Srinivasan, and Vijay Singh—opposing Mistry’s reappointment. The remaining trustees, Darius Khambata, Pramit Jhaveri and Jehangir H.C. Jehangir, supported his continuation. The split decision ruled out the extension of Mistry’s term.

Mistry, who joined both trusts in 2022, has been regarded as a close associate of the late Ratan Tata. The Sir Dorabji Tata Trust and the Sir Ratan Tata Trust together hold the largest shareholding in Tata Sons an

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