Bengaluru and Mumbai, Jan. 31 -- Former Citibank India CEO Pramit Jhaveri has decided not to seek another term at the Sir Dorabji Tata Trust, one of the two principal trusts that controls the $300-billion Tata group of companies.

His term expires 11 February.

"I have served as a Trustee of the Sir Dorab Tata Trust (SDTT) since February 12, 2020, when Mr Ratan N. Tata invited me to join as a Trustee. As discussed with you some days ago, I am now writing to let you know that I do not wish to be considered for re-appointment as a Trustee of SDTT when my current term expires on February 11, 2026," Jhaveri wrote to Noel Tata on Saturday.

This will make Jhaveri the second trustee to move out of the philanthropic entities that own the Tata Gr...