Tata and Mistry to part ways: A 70-year old partnership set to end

The partnership, which survived post-independence upheaval in the country and economic liberalisation in 1991, is set to end now

The Tata family and the Pallonji Mistry family are set to end their partnership built over 70 year ago. The relationship had not only survived the post-Independence upheaval in the country but also the liberalisation of the Indian economy which shut down several prominent business houses of India.

The partnership between the two groups started when the Mistrys owned SP group (earlier known as F.E Dinshaw Private Limited) had a share in the managing agency commission (when the managing agency system was in vogue) received by Tata Sons from Tata Group companies in the 1920s. FE Dinshaw received the consideration