Meet mystery man who owns a single share in Tata Group, know his relationship with Ratan TataMaharawal Virendrasinhji Chauhan, as he is officially known, was the king of Chota Udaipur in Gujarat. In his early 30s, Maharawal Virendrasinhji Chauhan joined the Tata Mills Board of Directors under Ratan Tata's father, Naval Tata's direction. Maharawal Virendrasinhji Chauhan was an influential figure and received a privy purse worth Rs 212,000 per year. When in the 80s, JRD Tata gave ‘twelve or thirteen’ shares in Tata Sons to Maharawal Virendrasinhji Chauhan, it was a testament to the deep relationship between them. Maharawal Virendrasinhji Natwarsinhji Chauhan’s legacy as a Tata Sons shareholder remains one of the most fascinating things in recent years.

Source: dna June 29, 2024 14:55 UTC