Mistry resigns from Tata Trusts, backs Ratan Tata's vision
Mehli Mistry, a longtime friend of Ratan Tata, has stepped down as trustee after most board members blocked his return on October 28.
He had filed a legal caveat to contest his removal but decided to drop it soon after, and in his resignation letter said he wanted to avoid stirring up controversy.
In his resignation letter, Mistry backed Ratan Tata's vision and reminded everyone that "nobody is bigger than the institution it serves."
Mistry's exit ends rare internal dispute at Tata Trusts
Mistry's exit ends a rare internal dispute at Tata Trusts and keeps things from turning into a legal battle.
His move highlights that the group values its mission over any one person—something that matters when you're talking about major players like Tata Trusts, who hold big stakes in India's largest business empire.