Mistry was on the NCPA council as a nominee of the Sir Dorabji Tata Trust and served alongside other Trusts’ representatives, including Jehangir H. Jehangir and Pramit Jhaveri.
Mistry’s resignation from the hospital trust follows his ouster in October from the Tata Group’s main trusts — Sir Dorabji Tata Trust and the Sir Ratan Tata Trust — the two key entities that together hold a majority stake in Tata Sons.
Although he holds key roles at SRTT and across the broader Tata Trusts, Jimmy Tata is known to rarely take part in board discussions or formal votes
The move is seen as an indication that tensions continue at the charitable trust that holds majority stake at Tata Sons
No names have yet been finalized. Ratan Tata's recommendations about the final candidate will play a key role in making the final decision, according to the company's top executive.
The inclusion takes place even as Tata Trusts announced the retirement of its first professional CEO Srinath Narasimhan, 60, who was appointed in 2020.
The diversified conglomerate is exploring an exit and is looking to sell its 17.15 percent stake held by its flagship company M Pallonji & Company Pvt
Countering all accusations levelled against his influence over Ratan Tata, Mehli Mistry, promoter of M Pallonji and Company denied his involvement in Cyrus Mistry's removal, reports Economic Times.
The stake purchase by Mehli Mistry is seen as a move to counter Cyrus Mistry who was removed as Tata Sons chairman in October this year. Ratan Tata is the interim chairman of the group.