Business EconomyPosted at: Nov 9 2026 8:58PM


Noel Tata to get partial relief after Srinivasan’s exit from SRTT on Dec 11

Bobby Anthony
Mumbai, Nov 9 (UNI) Dissenting trustee Venu Srinivasan, who is Vice Chairman of Tata Trusts, will cease to be a trustee of the Sir Ratan Tata Trust (SRTT), which is one of the two key Tata trusts, on December 11, 2026, which will be a partial relief for Tata Trusts Chairman Noel Tata, sources said here on Monday.
It may be recalled that Venu Srinivasan, who is also the nominee of the Noel Tata-headed Tata Trusts on the board of Tata Sons, had opposed Noel Tata’s efforts to retain Tata Sons as a privately held holding company of the Tata Group, without listing it on the stock exchange.
Venu Srinivasan had supported listing Tata Sons on the stock exchange, taking a position which is against the decision of the key Tata Trusts boards as well as the vision of the late Chairman Emeritus Ratan Tata.
Venu Sriniasan’s renewal of trusteeship cannot be taken up because of the Maharashtra Charity Commissioner’s embargo on Sir Ratan Tata Trust (SRTT) convening board meetings.
Ironically, the Charity Commissioner embargoed board meetings of the Sir Ratan Tata Trust (SRTT) in response to a petition filed by Srinivasan himself, sources said.
Also, Venu Srinivasan is unlikely to secure a renewal of trusteeship even if the Sir Ratan Tata Trust (SRTT) board convenes a board meeting, sources said. This is because, all the other trustees of the Sir Ratan Tata Trust (SRTT) board are expected to vote against renewal of Venu Srinivasan’s trusteeship, because of his moves against Tata Trusts Chairman Noel Tata and the complaints he filed against Tata Trusts, with the Maharashtra Charity Commissioner.
It was Venu Srinivasan’s petition to the Maharashtra Charity Commissioner against the Sir Ratan Tata Trust (SRTT) which jeopardised the SRTT’s functioning, and this led the Maharashtra Charity Commissioner to ban SRTT board meetings in mid-May.
Venu Srinivasan has argued that the SRTT’s board composition violated the Maharashtra Public Trusts Act because three of its then six members were perpetual trustees, which is far above the statutory limit of 25%.
Venu Srinivasan and another trustee Vijay Singh had accused the Sir Dorabji Tata Trust (SDTT) of allegedly “overstepping” its philanthropic role by “interfering” in the commercial Tata Sons, though Tata Trusts Chairman has denied doing so.
Trustees Venu Srinivasan and Vijay Singh also challenged Tata Trusts Chairman Noel Tata’s lifetime trusteeship and chairmanship, as well as his son Neville Tata’s induction onto the board of the Sir Dorabji Tata Trust (SDTT).
Sources said that Tata Trusts Chairman Noel Tata will get only partial relief after Venu Sriniasan exits as Vice Chairman of Tata Trusts on December 11, 2026, since Venu Srinivasan will continue as a trustee of SDTT for another two years and trustee Vijay Singh’s tenure will run until July 2027.
The Sir Dorabji Tata Trust (SDTT) has six trustees. Out of these, Tata Trusts Chairman Noel’s support base in the Sir Dorabji Tata Trust (SDTT) has narrowed to three trustees, vis-a-vis two dissenting trustees namely Venu Srinivasan and Vijay Singh.
The appointments of Tata Trusts Chairman Noel Tata’s son Neville Tata and trustee Bhaskar Bhat in November 2025 helped Noel Tata retain his majority and maintain control of the Sir Dorabji Tata Trust (SDTT).
According to rules, both the Sir Dorabji Tata Trust (SDTT) and the Sir Ratan Tata Trust (SRTT) are supposed to jointly nominate a person for the forthcoming Tata Sons annual general meeting (AGM) to complete the quorum.
The forthcoming AGM is significant because the renewal of N Chandrasekaran’s directorship of Tata Sons, which is opposed by Tata Trusts Chairman Noel Tata, will come up for consideration, sources said.
According to sources, the vote of the nominee of Tata Trusts on the Tata Sons board, representing the 66% shareholding of Tata Trusts in Tata Sons, will be crucial in any decision regarding Chandrasekaran’s reappointment.
UNI BA RN
Tags: #Noel Tata to get partial relief after Srinivasan’s exit from SRTT on Dec 11
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