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Who Is The New Chairman of Tata Trusts, Noel Tata?
The sudden death of Ratan Tata on Wednesday night means that Noel Tata has taken up the position of the chairman of Tata Trusts, the charitable organisation part of the Tata conglomerate. Tata Trust is an umbrella organisation that oversee the functioning of all the 14 Tata Trusts.
Here are 10 things to know about Noel Tata:
The first born of Noel Tata & Simone N Tata, born December 1957, Noel Tata is half-brother of Ratan Tata, French-Swiss Catholic.
He is an alumnus of Sussex University, UK and is a graduate of INSEAD’s International Executive Programme.
Noel Tata is married to Aloo Mistry and the couple have three children – Leah, Maya and Neville Tata – who are all involved in the Tata business group. Leah Tata is a Vice President at the Indian Hotels Company.
Though Maya Tata is from the Tata Capital the Neville Tata is with Trent and Leadership team in Star Bazaar.
Prior to this new posting, Noel Tata’s more public facing role was that of Managing Director, Tata International Ltd., the trading and distribution arm of the Tata Group.
From 2010 to 2021 he was already in the leadership of the company and when he joined it was making a turnover of $500 million and by the time he left the company’s turnover was more than $3 billion to show that he was also producing results within a competitive era.
As the MD of Tata’s retail division Trent Ltd he grew it from one store in 1998 to over 700 stores and formats.
As of now, Noel Tata holds the office of the chairman in Trent, Tata International Limited, Voltas Limited as well as Tata Investment Corporation Limited. He also is on the boards of Tata Steel as vice chairman, and Titan Company Limited as well.
He has also had directorship on the board of other charitable trusts including the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust that own more than 50 percent of Tata Sons. These two trusts are the working wings or boards and can recommend people to Tata Trust.
With this, Noel Tata has assumed the position to the sixth chairman of the Sir Ratan Tata Trust and the eleventh chairman of the Sir Dorabji Tata Trust.
Noel Tata was once expected to take the position of chairman of Tata Sons but the reins where then passed on to Cyrus Mistry, Noel’s brother-in-law. But after the much debated removal of Mistry, the Tata group’s chairman designation was handed over to N Chandrasekaran who was the head of Tata Consultancy Services (TCS).
