Bain Capital‘s Managing Director Amit Chandra and Ronen Sen, a former Indian diplomat to US has stepped down from board of Tata Sons. Last year too, Nitin Nohria and Vijay Singh also stepped down from the board of the holding company of India’s largest conglomerate.
Ronen Sen has taken the decision as per the retirement policy of the Tata Sons while Chandra wants to abandon his duties and focus more on the philanthropic activities. Earlier in November last year Chandra relinquished his duties as Board member of Tata Trust, citing the same reason.
Both Sen and Chandra became part of the controversy when Cyrus Mistry was removed from Chair of Tata Sons. Reportedly both of them supported for the exit of Cyrus Mistry.
After the exit of Chandra and Sen, the Tata Son’s board is reduced to an eight member board.
Earlier this week Ratan Tata’s half brother Noel Tata and Jehangir H Jehangir were inducted as the Board member of Tata Trust.
The induction of Noel Tata into the Board has once again given new air to the speculations of him, succeeding the present Chairman of Tata Trusts, Ratan Tata. He is currently the Chairman of Trent and also MD of Tata Internationals.
Many members of the Parsi community want some family member to head the Tata Trusts after Ratan Tata, who is now 81 years old.