Mumbai, February 13, 2019: The Managing Trustee of the Tata Trusts, Mr. R. Venkataramanan, had informed the Chairman and the Trustees of the Tata Trusts that he had been considering other options, given that he was completing five years as the Trusts’ Executive Trustee / Managing Trustee, and sought to be relieved.
At the meeting of the Trustees of the Tata Trusts held today, the Trustees regretfully accepted his request. Accordingly, Mr. Venkataramanan will relinquish responsibilities as the Managing Trustee / Trustee of the Tata Trusts on March 31, 2019.
A Committee of Trustees, comprising Mr. Ratan N. Tata, Chairman of the Trusts, and Mr. Vijay Singh and Mr. Venu Srinivasan, Vice-Chairmen of the Trusts, has been established with immediate effect to oversee the operations and to select a Chief Executive for the Trusts.
The Trustees placed on record the significant contribution of Mr. Venkataramanan in steering and executing the objectives of the Trusts’ portfolios over the last five years. In addition to interventions through grants, the Trusts now also pursue large-scale programmes through direct implementation and partnerships with multiple state governments and foundations.
The Trustees also appointed Mr. Noel N. Tata, Chairman of Trent Ltd. and Managing Director of Tata International, and Mr. Jehangir H. C. Jehangir, long standing philanthropist who is currently spearheading the healthcare mission at Jehangir Hospital, Pune, as Trustees of Sir Ratan Tata Trust.
About the Tata Trusts:
Since inception in 1892, the Tata Trusts, India’s oldest philanthropic organization, have played a pioneering role in bringing about an enduring difference in the lives of the communities they serve. Guided by the principles and the vision of proactive philanthropy of the Founder, Jamsetji Tata, the Trusts’ purpose is to catalyse development in the areas of healthcare and nutrition, water and sanitation, education, energy, rural upliftment, urban poverty alleviation, and arts, craft and culture. The Trusts’ programmes, achieved through direct implementation, partnerships and grant making, are marked by innovations, relevant to the country. For more information, please visit http://tatatrusts.org/
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