Pramit Jhaveri, Trustee of the Sir Dorabji Tata Trust, has formally informed Tata Trusts Chairman Noel Tata that he will not seek reappointment after his current term ends on February 11, 2026, Economic times reported.
In a letter dated January 31, Jhaveri said the decision, which had already been discussed with Noel Tata, was now officially communicated, as per the AND report. He described his tenure as a director since February 12, 2020 – following an invitation from the late Ratan N Tata – as an honour.
The letter was also addressed to the trustees of the Sir Dorab Tata Trust and Siddharth Sharma, CEO of Tata Trusts. Jhaveri extended his best wishes to the Trusts for the years to come.
Jhaveri, a veteran banker and former CEO and MD of Citibank India, joined Tata Trusts in 2020 after retiring from Citi in 2019, capping a banking career spanning over three decades with the US financial services giant.
The Sir Dorabji Tata Trust, one of the main philanthropic arms of the Tata Group, holds a significant stake in Tata Sons, the holding company of the group. Together with the Sir Ratan Tata Trust, it owns over 51% of Tata Sons.
In recent months, the Tata Trusts – collectively owning more than 60% stake in Tata Sons – have seen internal differences become more visible in discussions between trustees.
About the Sir Dorabji Tata Fund
Established in 1932 by Sir Dorabji Tata, the eldest son of Tata Group founder Jamsetji Tata, the Sir Dorabji Tata Trust is one of India’s oldest and most influential philanthropic foundations. The Trust was established through a personal endowment from Sir Dorabji Tata, who donated almost all of his wealth – including his shares in Tata Sons, his jewelry and other personal assets – to support the public good.
Mission and areas of intervention
The Trust’s mission is to promote sustainable development and social justice across India. Over the decades, it has funded initiatives in the following areas:
- Education
- Health care
- Livelihoods
- Arts and culture
Social justice and strengthening of civil society
The Trust has played a fundamental role in the creation and support of major institutions such as:
- Tata Memorial Hospital (cancer care and research)
- Indian Institute of Science (IISc) Bangalore
- Tata Institute of Social Sciences (TISS) in Mumbai
- Governance and influence
Alongside the Sir Ratan Tata Trust, the Sir Dorabji Tata Trust is one of the largest shareholders in Tata Sons, jointly owning over 51% of the holding company that controls the Tata Group. This gives the Tata Trusts not only significant philanthropic reach, but also strong influence over the business direction of the group.
