Noel Tata Becomes the New Chairman of Tata Trust: Taking Charge of Tata Trust with His 3 Children to Manage the Business
Ratan Tata's half-brother Noel Tata has been appointed as the new Chairman of Tata Trust. He is already a trustee and has been associated with the Tata Company for the past 40 years. His leadership skills will be crucial.
Noel Tata Chairman: After Ratan Tata's demise, several questions regarding succession had arisen, but the situation is now clear. Ratan Tata's half-brother, Noel Tata, has been unanimously appointed as the new Chairman of Tata Trust. Noel has been a trustee already and has been associated with the Tata Group for the past 40 years. Currently, he serves as the Chairman of Tata International, Voltas, and Tata Investment Corporation, and is also the Vice Chairman of Tata Steel and Titan Company Limited. Additionally, he is a member of the Sir Ratan Tata Trust and Sir Dorabji Tata Trust.
Noel Tata: Taking on New Responsibilities of a Multi-Crore Business
Following Ratan Tata's passing, Noel Tata was unanimously appointed as Chairman during a meeting of the Sir Ratan Tata Trust and Sir Dorabji Tata Trust in Mumbai. Now, Noel will manage the multi-billion-dollar business of the Tata Group, which spans over 100 countries worldwide, along with his three children: Nevel, Maya, and Lia. His children currently hold various significant responsibilities within the Tata Group, helping to carry forward the family's legacy.
Noel Tata's New Responsibility: 66% Stake in a ₹13.8 Lakh Crore Group
The significance and size of Tata Trust can be understood in that it is a group of philanthropic organizations holding a 66% stake in the Tata Group, which has a revenue of ₹13 lakh crore. This includes the Sir Dorabji Tata Trust and Sir Ratan Tata Trust, both of which hold a 52% stake in Tata Sons. These trusts not only fulfill the social responsibilities of the Tata Group but also play a crucial role in the stability and development of the organization.
Noel Tata's Children Taking on Responsibilities in the Tata Group
Noel Tata's three children stay away from media attention, but under Ratan Tata's mentorship, they have gained significant experience. Lia Tata, his eldest daughter, is managing operations in the hotel industry and began her career as an Assistant Sales Manager at Taj Hotel Resorts and Palaces. Meanwhile, his younger daughter, Maya Tata, started her career at Tata Opportunities Fund under Ratan Tata's guidance, contributing to the Group's development.
What's Your Reaction?
