The exit of Mehli Mistry from the Tata Trusts board marks the end of a chapter that began soon after Ratan Tata’s demise a year ago. It also marks the beginning of another interesting chapter, with possibly many more likely to follow. We are witnessing moves by the trustees that would make a Gukesh proud, with the coveted prize being control over Tata Sons, the storied and influential conglomerate that is at the forefront of India’s industry.

Lack of succession

That things would not have come to this pass had Ratan Tata been alive is saying the obvious. It may be uncharitable to say this about someone no longer around to defend himself but the fact is that Ratan Tata did not initiate a succession plan in the all-important trusts that control two-thirds of Tata Sons, though he did well in

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