Tata Trusts power struggle: Amid the ongoing power tussle unfolding within Tata Trusts Thomas Mathew who penned the biography of the late Ratan Tata has asserted that the trusts must always be led by a member of the Tata family in order to perpetuate the goals envisioned by its founders and leaders.
Why a Tata must always head Tata Trusts?
Asked about the ongoing power squabble within Tata Trusts Mathew termed the infighting a small difference of opinion asserting that these are mere side-shows which will not have any impact on a gigantic entity like the Tata Group conglomerate. A small bit of difference of opinion etc will happen during every transition but the house of Tatas is so big and strong that these are side shows.
Responding to a query about how he views he legacy of late Ratan Tata and the Tata family moving forward on the late Tata Groups chairmans first death anniversary the biographer asserted that a Tata must always head Tata Trusts-- the majority shareholder of Tata Sons-- the holding company of the Tata Group.
Tata Trusts according to me should always have a Tata at its head. Theres no doubt regarding it because it is a trust of the Tatas meant to perpetuate the goals which these great personalities had envisioned the author told news agency PTI.
What Mathew said about Tata Trusts power tussle?
When pointed out that the matter has reached the government with the top brass of Tata Trusts and Tata Sons meeting Home Minister Amit Shah and Finance Minister Nirmala Sitharaman earlier this week Mathew said That is all right but nothing is going to happen to the group.
Mathew admitted that these small differences shouldnt have been public but I think itll get resolved without much of a problem.
On whether the current crop of Tata Group leaders have been able carry forward the legacy of Ratan Tata Mathew hailed Tata Sons chairman N Chandrasekaran stating that he is completely devoted to Tata Groups core ideals especially what Mr Ratan Tata stood for.
Mathew who contrasted the response of the Tata Group to the Air India crash in Ahmedabad in June this year with the 26/11 terrorist attack in Mumbai that also hit Taj Hotel during which late Ratan Tata stood outside the hotel for three days and led the team tasked to give relief to those affected said You cannot expect everybody to be like RNT (Ratan Tata).
Tata Trusts infighting
Meanwhile on Tuesday the top brass of the Tata group Tata Trusts Chairman Noel Tata Tata Sons Chairman N Chandrasekaran Tata Trusts Vice Chairman Venu Srinivasan and trustee Darius Khambata met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid infighting among trustees over board appointments and governance issues.
The power tussle among the trustees of Tata Trusts threatens to impact the functioning of the over $180 billion conglomerate. Tata Trusts exerts decisive influence over Indias most valuable conglomerate through its about 66 per cent stake in Tata Sons the promoter and holding company of the salt-to-semiconductor group.
(With PTI inputs)
Tata Trusts power struggle: Ratan Tata biographer makes BIG statement, says a Tata must always…
Tata Trusts power struggle: Amid the ongoing power tussle unfolding within Tata Trusts Thomas Mathew who penned the biography of the late Ratan Tata has asserted that the trusts must always be led by a member of the Tata family in order to perpetuate the goals envisioned by its founders and leaders. Why a Tata must always head Tata Trusts? Asked about the ongoing power squabble within Tata Trusts Mathew termed the infighting a small difference of opinion asserting that these are mere side-shows which will not have any impact on a gigantic entity like the Tata Group conglomerate. A small bit of difference of opinion etc will happen during every transition but the house of Tatas is so big and strong that these are side shows. Responding to a query about how he views he legacy of late Ratan Tata and the Tata family moving forward on the late Tata Groups chairmans first death anniversary the biographer asserted that a Tata must always head Tata Trusts-- the majority shareholder of Tata Sons-- the holding company of the Tata Group. Tata Trusts according to me should always have a Tata at its head. Theres no doubt regarding it because it is a trust of the Tatas meant to perpetuate the goals which these great personalities had envisioned the author told news agency PTI. What Mathew said about Tata Trusts power tussle? When pointed out that the matter has reached the government with the top brass of Tata Trusts and Tata Sons meeting Home Minister Amit Shah and Finance Minister Nirmala Sitharaman earlier this week Mathew said That is all right but nothing is going to happen to the group. Mathew admitted that these small differences shouldnt have been public but I think itll get resolved without much of a problem. On whether the current crop of Tata Group leaders have been able carry forward the legacy of Ratan Tata Mathew hailed Tata Sons chairman N Chandrasekaran stating that he is completely devoted to Tata Groups core ideals especially what Mr Ratan Tata stood for. Mathew who contrasted the response of the Tata Group to the Air India crash in Ahmedabad in June this year with the 26/11 terrorist attack in Mumbai that also hit Taj Hotel during which late Ratan Tata stood outside the hotel for three days and led the team tasked to give relief to those affected said You cannot expect everybody to be like RNT (Ratan Tata). Tata Trusts infighting Meanwhile on Tuesday the top brass of the Tata group Tata Trusts Chairman Noel Tata Tata Sons Chairman N Chandrasekaran Tata Trusts Vice Chairman Venu Srinivasan and trustee Darius Khambata met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid infighting among trustees over board appointments and governance issues. The power tussle among the trustees of Tata Trusts threatens to impact the functioning of the over $180 billion conglomerate. Tata Trusts exerts decisive influence over Indias most valuable conglomerate through its about 66 per cent stake in Tata Sons the promoter and holding company of the salt-to-semiconductor group. (With PTI inputs)
