Venu Srinivasan steps down from Tata trust at Noel Tata's request

Tata Trusts Chairman Noel Tata asked CEO Siddharth Sharma to request Venu Srinivasan and Vijay Singh to voluntarily step down from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution. Srinivasan resigned, but Singh declined. The move comes amid a dispute over Zoroastrian trustee eligibility.

Tata Trusts Chairman Noel Tata last week instructed CEO Siddharth Sharma to ask Vijay Singh and Venu Srinivasan to voluntarily step down from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution (BHJTNCI), according to sources in the Tata group. They cited specific clauses in the Trust Deed that could allow challenges to the appointments of non-Zoroastrians.

Sharma discussed the matter with Noel Tata on April 2, 2026, and called Srinivasan that day, conveying the position along with a previous legal opinion. Venu Srinivasan, Chairman Emeritus of TVS Motor, resigned following the request, while Vijay Singh declined. Both were the only trustees not meeting the criteria of being Zoroastrians or residents of the Bombay Presidency or Navsari.

Former Chief Justice of India H.J. Kania had opined that there was no legal or doctrinal prohibition against inducting non-Zoroastrians. R.K. Krishnakumar was appointed as a trustee in 2000 on this basis during Ratan Tata's tenure. Tata Trusts maintains that Bai Hirabai specifically barred non-Zoroastrians and non-residents.

The issue escalated after former Sir Ratan Tata trustee Mehli Mistry challenged Srinivasan and Singh's appointments before the Maharashtra Charity Commissioner. The Commissioner has written to Tata Trusts regarding Mistry's affidavit. Noel Tata and Sharma hold that a legal opinion cannot substitute for a judicial pronouncement.

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News illustration depicting the deferral of Tata Trusts board meeting following a charity commissioner's order.
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Tata Trusts defer board meeting after charity order

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The Maharashtra Charity Commissioner directed Tata Trusts to defer its board meeting scheduled for May 16, 2026, and ordered an inquiry into complaints about the number of perpetual trustees at Sir Ratan Tata Trust.

Tata Trusts announced on Sunday that the board of Bai Hirabai Trust decided to remove restrictive eligibility clauses. Former trustee Mehli Mistry said on Monday that the trust deed unambiguously restricts trusteeship to practising Zoroastrians residing in Mumbai or Navsari. He called for the current board, including non-Zoroastrians, to be reconstituted in compliance with the deed.

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Following Tata Trusts trustees Venu Srinivasan and Vijay Singh's renewed IPO call, the Shapoorji Pallonji (SP) group, holding over 18% stake in Tata Sons, has demanded listing of the holding company on stock exchanges. SP group Chairman Shapoorji Pallonji Mistry stated it would reinforce corporate governance, transparency and accountability. The push contrasts with Tata Trusts' resolution a year ago to retain its unlisted status.

Captain Vijay Kumar and seven other Indian seafarers have left Bandar Abbas, Iran, for the Armenian border, nearly four months after their ship was detained. The UAE-based MT Valiant Roar was seized by Iran's IRGC on December 8, 2025, on suspicion of smuggling diesel. Regional crises and strikes on Iran delayed their release.

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The Bombay high court on Friday dismissed a plea seeking a CBI probe into bribery allegations against Adani Green Energy Ltd for securing solar power contracts. The petitioner relied on US court proceedings, but the court cited his failure to establish bona fides and lack of legal standing.

The Gujarat High Court has quashed a 2006 sessions court order that sought to name retired IPS officer R.J. Savani as an accused in a 1993 mob assault case. Justice H.D. Suthar ruled that the evidence was insufficient to summon him under Section 319 of the Criminal Procedure Code.

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Former Indian cricket captain and Telangana minorities welfare minister Mohd Azharuddin was sworn in as a member of the legislative council (MLC) on Monday. The oath came a day after Governor Shiv Pratap Shukla approved his nomination. M Kodandaram was also sworn in as an MLC under the governor's quota.

 

 

 

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