Tata Sons trustees Vijay Singh and Venu Srinivasan have expressed concerns over the proposed restructuring of Tata Sons through the merger of two group companies into the holding company.
In a joint letter to the trustees of Sir Dorabji Tata Trust (SDTT) on Wednesday, they said the proposed reorganisation could have significant financial implications for Tata Sons, the Trust and other stakeholders.
“These include consequences for group companies, employees and regulators arising from the proposed amalgamation and a change in Tata Sons’ regulatory status. These matters therefore require appropriate analysis and deliberation, including consideration of the interests of Tata Sons,” Singh and Srinivasan said.
Vijay Singh, Trustee, Tata Trusts
The two trustees, who have also complained to the Maharashtra Charity Commissioner about alleged governance lapses within the Trusts, said they were unaware of the proposal to restructure Tata Sons.
On Monday, Tata Trusts announced a proposal to merge Tata Electronics Systems Solutions Pvt. Ltd. and Tata Consulting Engineers with Tata Sons. According to Tata Trusts chairman Noel Tata, the proposal would help Tata Sons avoid a mandatory listing of its shares.
The two trustees said they became aware of the Trust’s letter to the Tata Sons board “to consider and approve” the merger through public sources.
“To our knowledge, no meeting of the trustees of SDTT was held to discuss or deliberate on the issue before the letter was sent to Tata Sons. As no meeting of the trustees of SDTT authorised either the letter or the press release, neither can be said to reflect the collective institutional position of SDTT,” they said.
Both the trustees further questioned whether it was appropriate for a shareholder to direct the Tata Sons board to approve a specific course of action.
While Tata Trusts said the proposal was consistent with its July 2025 resolution to preserve Tata Sons’ private status, Singh and Srinivasan argued that the resolution cannot be treated as determinative in light of the RBI’s decision to retain Tata Sons in the NBFC-Upper Layer category.
Tata Trusts did not comment on the joint letter. In a statement, it said it had not been served copies of the complaints filed with the Charity Commissioner, but denied the allegations and assertions made in them.
Published on October 1, 2026
