ET Exclusive: Tata Group puts its Trust in top panel for quick decisions
Tata Trusts has set up an executive committee (EC) comprising chairman Ratan Tata, vice chairmen Venu Srinivasan and Vijay Singh, and trustee Mehli Mistry, said people with knowledge of the matter. The move is aimed at expediting decision making on a day-to-day basis without having to go to the entire board for approvals and ratification, given that there are over 18 trustees across all trusts. Tata Trusts is the controlling shareholder of Tata Sons, the Tata Group’s holding company,
Separately, Aparna Uppaluri has stepped down from her role as COO of Tata Trusts citing personal reasons. Uppaluri was appointed in April 2023, and was the first to hold that role in Tata Trusts. Siddharth Sharma, who was appointed CEO of Tata Trusts at the same time, remains in his position. Tata Trusts is understood to be looking for a successor to Uppaluri, executives close to the matter said.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitUniversity of Western AustraliaUWA Global MBAVisitIndian School of BusinessISB Chief Technology OfficerVisitAbout 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The biggest of these are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. Tata Trusts currently has over 18 trustees across various trusts, headed by Ratan Tata, 87, as chairman. He is also chairman emeritus of Tata Sons.
Tata Trusts didn’t comment.
Uppaluri was understood
