Tata Trusts will boost charitable spending to Rs 2,000 crore this fiscal year, according to CEO Siddharth Sharma. This increase will fund initiatives in cancer care and support the establishment of a new university and hospital, reaffirming the trusts' commitment to societal upliftment.
Tata Trusts vice chairman Vijay Singh has requested an independent inquiry into a 1989 Tata Sons share transfer, citing allegations of illegal diversion of public charitable assets and a potential conflict of interest involving chairman Noel Tata. The inquiry aims to restore public confidence in the Tata Trusts.
Maharashtra Charity Commissioner orders Tata Trusts to defer May 16 board meeting without prior notice or hearing. The directive follows complaints challenging the composition of the Sir Ratan Tata Trust's Board of Trustees, citing potential violations of amended Maharashtra Public Trusts Act.
Tata Trusts believes existing permanent trustees don't need reappointment under Maharashtra's new ordinance, based on legal advice that the law doesn't apply retrospectively. The Maharashtra Public Trusts (Amendment) Ordinance, 2025 caps perpetual trustees at one-fourth of a trust's total strength, affecting Sir Ratan Tata Trust and Tata Education and Development Trust where at least half trustees hold perpetual status. The ordinance took effect September 1, 2025, amid ongoing scrutiny following Mehli Mistry's allegations of procedural breaches and fiduciary lapses.
