Mehli Mistry has resigned from the board of his family investment office ‘RNT Associates’. Mistry’s resignation comes a few months after he was ousted from Tata Trusts. With this step, Mehli Mistry’s distance with Tata Group and its associated organizations has increased further. Mistry had joined the board 3 years ago, citing busyness 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 commitments, I am submitting my resignation from the post of Director of RNT Associates Pvt. Ltd., with effect from July 1, 2026.” Mistry had written this letter to the Board of Directors on June 30. The dispute reached the court after RNT Associates’ investment in startups like Paytm was removed from Tata Trusts. This resignation comes after Mistry was removed from Tata Trusts in November 2025. Tata Trusts is the same organization that holds majority stake in ‘Tata Sons’, the holding company of Tata Group. Mistry has challenged the decision of removing himself from the trust before the Maharashtra Charity Commissioner. Mistry says he does not want his return to the trust but only wants to highlight the alleged irregularities that led to his ouster. Currently, Mehli Mistry remains a board member of ‘Tata Education and Development Trust’ even after stepping down from RNT Associates, which is on the board of only one affiliate trust. This trust is considered to be one of the richest affiliate institutions of Tata Trusts. However, he is now completely removed from the group’s core 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. Its board currently includes Ratan Tata’s two sisters Shireen Jejeebhoy and Dina Jejeebhoy, Tata Sons senior executive Jamshed Poncha and Tata Sons general counsel Siddharth Sharma. There are investments in two dozen startups like Paytm and Ola. The main work of RNT Associates is to earn through dividends and consultancy services. The company’s total revenue in the financial year ending March 2023 was ₹36 crore, of which half was from dividends. This investment office has made small investments in about two dozen startups including Paytm, Ola and online jewelery brand Bluestone. Ratan Tata had created a new shareholding structure. Initially, Ratan Tata and his another trusted associate, late R. Of. Krishna Kumar were the two main shareholders of this company. Before Ratan Tata passed away in October 2024, he had established ‘Ratan Tata Endowment Foundation’ (RTEF) and ‘Ratan Tata Endowment Trust’ (RTET) in the year 2022. Now both these institutions are shareholders of RNT Associates. RTEF’s board includes Tata Sons chairman Natarajan Chandrasekaran, while RTET includes stalwarts like Pramit Jhaveri along with current Tata Trusts chairman Noel Tata.
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Mehli Mistry’s resignation from Tata’s family office: Steps taken a few months after being removed from Tata Trusts, distance from Tata Group increased
