Before Cyrus Mistry took charge, companies run by his cousin Mehli gained 300 times from Tata Group contracts

A 30,000%, or 300 times, jump in business in 20 years. The man who runs the companies that posted those results is Mehli Mistry, cousin of Cyrus Mistry.

ET's review of Mehli Mistry's business shows reserves of three companies - M Pallonji and Company Private Ltd(MPCPL)   Stock Market Astrology Tips



Tata Power awarded some of the major contracts to Mehli Mistry's companies during this period. After Cyrus Mistry assumed charge in 2012, a bidding process was adopted for contract renewals and Mehli Mistry's companies lost some of these contracts.   Intraday Trading Tips



People close to Cyrus allege that Mehli, who's believed to be close to Ratan Tata, had a part to play in his cousin's ouster from Tata Son's chairmanship.

In an earlier ET profile of Mehli Mistry ('The Other Mistry in the Tata Drama', November 21), Mehli had denied that he had any role in Cyrus' removal. People close to Ratan Tata had said the same thing.



ET sent questions to Tata Sons on November 30, but got no response. Mehli Mistry did not respond to ET's request for comments. A Tata Power spokesperson said that the company would respond in detail.  Commodity Trading Tips 



RK Krishna Kumar, former Tata Sons director, told ET via email that "every Tata company has a well-established...procedure to deal with tenders and no single person can circumvent that process". He also said, "I have...known Mehli Mistry for over 20 years and can categorically say that, to the best of my knowledge, he has sought no favours... and if his company has been awarded the contracts...it must have been purely on economic merit".