Noel Tata Succeeds Ratan Tata as Chairman of Tata Trust
First Published: 11th October, 2024 15:03 IST
Tata Trust is the umbrella body that manages functions of all 14 Tata trusts.
Noel Tata, the half-brother of Ratan Tata, has been appointed chairman of Tata Trust. The decision was taken today at the board meeting held in Mumbai after the death of Ratan Tata on October 9 night at the age of 86.
Noel Tata is the vice chairman of Tata Steel and watch company Titan. His mother Simone Tata, a French-Swiss Catholic who is Ratan Tata’s stepmother, is currently chairman of Trent, Voltas, Tata Investment Corporation, and Tata International.
Noel Tata has been a key figure in Tata Group’s growth since he joined in the early 2000s. He was appointed Chairman of Tata Trust today following a meeting of the Sir Ratan Tata Trust and the Dorabji Tata Trust, an NDTV report said.
Tata Trust is the umbrella body that manages functions of all 14 Tata trusts.
The ownership of Tata Sons is largely held by two key trusts – the Sir Dorabji Tata Trust, and the Sir Ratan Tata Trust, which together comprise over 50 per cent of the ownership.
Tata Trust at present has Venu Srinivasan, Vijay Singh, and Mehli Mistry as executive committee members.
Ratan Tata’s younger brother, Jimmy, is not involved in the family business and lives in a modest two-bedroom apartment in south Mumbai’s Colaba, the report said.
Born in a traditional Parsi family in 1937, Ratan Tata was brought up by his grandmother after his parents, Naval and Sooni Tata, divorced when he was 10.
Tata Trusts, which holds a controlling 66% stake in Tata Sons, the holding company of the sprawling Tata Group, plays a crucial role in the group’s governance. Ratan Tata, who led Tata Trusts and the Tata Group for many years, did not have children and had not named a successor for his position at the Trusts. As a result, the board convened to decide on the next leader, an India Today report said.
COMMENTS
TOPMOST STORY NOW
Live Brother of BSF Jawan Deepak Chingakham Who Died in Cross-Border Firing by Pakistan in Jammu Appointed ASI in Manipur Police on Compassionate Grounds
11th July 2025
Live Maikhuli Villagers Protest MoU Over Assam-Meghalaya Border, Demand Return of Fishery
11th July 2025
Live Chhangur Baba Received Rs 500 Crore in Foreign Funds for Illegal Conversions: Anti-Terror Squad
11th July 2025
Live Taiwan Detects 9 Chinese Warships, 1 Aircraft Breaching ADIZ Amid Rising Tensions
11th July 2025
WE RECOMMEND
Shubhanshu Shukla Speaks to Students from Assam and Meghalaya from Space, Tells Them He Will Guide Them To Become Astronauts, Walk on the Moon
The Indian astronaut connected with the students using amateur (Ham) radio, making it a rare and inspiring moment.
11th July 2025
Space Menu Goes Desi: Gajar Ka Halwa Wins Over International Astronauts
The sweet surprise, specially developed for space consumption by ISRO and DRDO, was the centrepiece of a lively gathering aboard Axiom Mission 4.
11th July 2025
Is Another GLOF Ticking in Sikkim? South Lhonak Lake Once Again Placed in Highest Risk Category
The lake has now refilled to the same dangerous level, raising serious concerns
11th July 2025
Delhi HC stays release of Udaipur Files movie
The petitioners argued that the film's release could disturb communal harmony and pose a serious threat to public order, given the sensitive nature of the subject.
10th July 2025
Killed For Making Reels? State-Level Tennis Player Radhika Yadav Shot Dead by Father in Gurugram Home
Tennis Player Radhika Yadav: Police officials have confirmed that the father has been arrested and weapon used in the crime has been seized.
10th July 2025