Mehli Mistry, a close confidant of Ratan Tata, is on his way out of Tata Trusts after a majority of trustees voted against his reappointment to the boards of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. With three of the six trustees opposing his renomination through a circular resolution circulated last week, Mistry is set to step down from the governing boards of the Tata Trusts.

The three trustees who opposed his reappointment were Tata Trusts Chairman Noel Tata, Venu Srinivasan, chairman of the TVS Group and former Defence Secretary Vijay Singh, sources said.

At the Sir Dorabji Tata Trust, Darius Khambata and Pramit Jhaveri supported Mistry’s continuation, while at the Sir Ratan Tata Trust, Khambata and Jehangir HC Jehangir voted in his favour. The split verdict undersc

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