Mehli Mistry’s resignation from Tata’s family office:Step taken a few months after being removed from Tata Trusts

Mehli Mistry has resigned from the board of his family investment office ‘RNT Associates’. This resignation of Mistry has come to light a few months after being removed from Tata Trusts. This move has further increased the distance between Mehli Mistry and the Tata Group and its associated entities. Mistry joined the board 3 years ago, cited busyness as reason Mehli Mistry had joined the board of RNT Associates as a director in March 2023. In his resignation letter sent to the board, Mistry wrote, “Due to my other commitments and engagements, I am submitting my resignation from the position of director of RNT Associates Private Limited, which will be effective from July 1, 2026.” Mistry wrote this letter to the Board of Directors on June 30. RNT Associates has investments in startups like Paytm Dispute Reached Court After Removal from Tata Trusts This resignation came after Mistry was removed from Tata Trusts in November 2025. Tata Trusts is the same institution that holds a majority stake in Tata Group’s holding company ‘Tata Sons’. Mistry has challenged the decision to remove him from the Trust before the Maharashtra Charity Commissioner. Mistry says that he does not want his return to the Trust, but only wants to expose the alleged irregularities due to which he was removed. Currently included in the board of only one affiliate trust Even after leaving RNT Associates, Mehli Mistry continues to be a board member of ‘Tata Education and Development Trust’. This trust is considered one of the richest affiliate entities of Tata Trusts. However, he has now completely distanced himself from the group’s main business and investment decisions. What is RNT Associates and who are its current members? RNT Associates was established in March 2009. Through this, Ratan Tata used to invest in new startups. Currently, its board includes Ratan Tata’s two sisters Shirin Jejeebhoy and Deanna Jejeebhoy, Tata Sons’ senior executive Jamshed Poncha, and Tata Sons’ general counsel Siddharth Sharma. Has investments in two dozen startups like Paytm and Ola RNT Associates’ main business is earning through dividends and consultancy services. In the financial year ending March 2023, the company’s total revenue was ?36 crores, of which half the earnings came from dividends. This investment office has made small investments in about two dozen startups including Paytm, Ola, and online jewelry brand BlueStone. Ratan Tata had created a new shareholding structure Initially, Ratan Tata and another trusted associate, the late R. K. Krishna Kumar, were the two main shareholders of this company. Before Ratan Tata’s demise in October 2024, he had established the ‘Ratan Tata Endowment Foundation’ (RTEF) and ‘Ratan Tata Endowment Trust’ (RTET) in 2022. Now these two institutions are the shareholders of RNT Associates. RTEF’s board includes Tata Sons Chairman Natarajan Chandrasekaran, while RTET includes stalwarts like current Tata Trusts Chairman Noel Tata along with Pramit Jhaveri.