Maharashtra Charity Commissioner did not propose rule that froze Tata Trusts board
An RTI response shows the regulator sent no proposal for the amendment that has paralysed Sir Ratan Tata Trust and contributed to a deadlock at Tata Sons.
Nehal Chaliawala, Varun Sood, Satish John
An RTI response shows the regulator sent no proposal for the amendment that has paralysed Sir Ratan Tata Trust and contributed to a deadlock at Tata Sons.
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MUMBAI/BENGALURU: The Maharashtra Charity Commissioner did not propose the rule that has paralysed Sir Ratan Tata Trust (SRTT), the second-largest shareholder in Tata Sons, for nearly six months. The rule that resulted in the suspension of the trust’s board proceedings was introduced by the state government and invoked by the commissioner on 15 May this year, as per the public trusts regulator's office.
About the Authors
Nehal Chaliawala
Nehal chronicles India’s top conglomerates for Mint. From navigating the complexities of big-bang mergers and large-scale fundraises to decoding high-profile recruitments and seemingly inexplicable corporate pivots, Nehal focuses on unpacking the long-term strategies of the country’s most influential business houses. He aims to provide readers with a clear-eyed view of how these corporate titans shape the broader Indian economy.<br><br>His professional journey began at The Economic Times in 2018, where he spent over five years before joining Mint in 2023.
Over his career, he has tracked diverse sectors like automobiles, metals, cement, power, infrastructure, and renewable energy. He also keeps a close watch on the intricacies of corporate finance and corporate governance. This wide-ranging sectoral experience allows him to better understand India’s large conglomerates that sit at the confluence of these vital industries.<br><br>Nehal studied mechanical engineering from the Pune University and graduated with distinction in 2017.
Driven by a passion for storytelling, he pivoted to journalism immediately after, attending the Asian College of Journalism in Chennai. While his time in the newsroom has made him a healthy sceptic, his engineering roots keep him perpetually inquisitive about how things work—and why they fail.<br><br>He actively encourages readers to reach out for feedback, collaboration, or news tips. Nehal can be reached via LinkedIn or directly at nehal.chaliawala@livemint.com.
Varun Sood has been a business journalist writing on corporate affairs for the past 17 years. He currently oversees corporate coverage, including information technology (IT) services, aviation, auto, metals and mining, and conglomerates at Mint. He started as a reporter at Business Standard in 2005, after a short internship at the Economic and Political Weekly.
Having worked across newsrooms in Delhi and Mumbai, including at DNA, the Financial Times, and the Economic Times, he is now based in Bengaluru. He is most proud of his work over the last decade at Mint, including writing about the rise and fall of some CEOs at Infosys, TCS, Cognizant, and Wipro. His first book, “Azim Premji: The Man Beyond the Billions”, was published by HarperCollins in October 2020.
These days, he is spending more time reading annual reports and analysts' transcripts. Varun’s two pet peeves are access journalism and the dying art of interviews with business leaders. If you think there is something wrong inside your company or there are problems with corporate governance that you'd like to highlight, email him at varun.sood@livemint.com.
Satish John serves as the Managing Editor at Mint, bringing over 30 years of experience in business journalism. He began his career in 1996 as a reporter at the Telegraph after a brief stint in the corporate sector. During his three decades of journalism, Satish has written on almost all sectors, including conglomerates, power, metals and mining, aviation and auto.
Before joining Mint in 2022 (this is his second stint with the paper after earlier working from 2008 to 2011), Satish worked at The Economic Times and DNA. At Mint, Satish oversees the corporate, banking and markets coverage. One of his key roles is to manage news reporting teams and ensure their coordination across cities.
The other important role he plays is in helping the paper get big news scoops and stories. His colleagues say he is a great raconteur and always has some interesting stories about promoters and companies. These days, Satish is exploring podcasts and AI tools to better tell stories and reach a wider audience.
Inside the newsroom, reporters and editors continue to ideate with Satish to better their stories.
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