Mehli K. Mistry, the veteran Tata Group insider who worked alongside the late Ratan Tata for decades and later became one of the executors of his will, has resigned as a director of RNT Associates Pvt. Ltd., the former Tata Sons chairman's personal investment company, according to media reports.According to reports, Mistry submitted a resignation letter dated June 30 to the board of RNT Associates, stating that he would step down as a director with effect from July 1. He reportedly cited "preoccupation with my other commitments" as the reason for his resignation.Neither RNT Associates nor Mistry has publicly commented on the development.Incorporated in 2009, RNT Associates serves as the principal investment vehicle through which Ratan Tata made investments in his personal capacity. According to public investment databases and media reports, the investment office has backed several of India's best-known startups, including BlueStone, Ola Electric, CarDekho, Moglix, Urban Company, Lenskart, Cure. fit, CashKaro and FirstCry.
Mehli Mistry resigns from RNT Associates, Ratan Tata's investment office, media reports say
Long-time Tata Group associate Mehli K. Mistry has stepped down as a director from Ratan Tata's personal investment firm, RNT Associates. Mistry, who worked closely with the former Tata Sons chairman and is an executor of his will, cited other commitments for his departure. RNT Associates, established in 2009, has notably invested in prominent Indian startups like Ola Electric and Urban Company.
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