NEW DELHI: Noel Tata was appointed chairman of Tata Trusts on Friday, succeeding his half-brother Ratan Tata, who handed away on Wednesday on the age of 86, in response to a CNBC report.
Noel, aged 67 would be the eleventh chairman of Sir Dorabji Tata Trust and the sixth chairman of Sir Ratan Tata Trust.
Noel's appointment is important as a result of Tata Trusts holds a 66% stake in Tata Sons, the holding firm of the quite a few corporations below the Tata model, which has a legacy spanning over 150 years.
Who is Noel Tata?
Noel N Tata, chairman and non-executive director of Tata International Limited, has been with the Tata Group for 4 many years. He is the son of Naval H. Tata and Simone N. Tata.
He is a Trustee on the Boards of the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust.
According to the Tata Trusts web site, Noel's youngsters, Maya, Neville, and Leah, are additionally engaged within the household's charitable actions, serving as trustees of numerous charities related to the Tata Trusts.
Noel Tata instructional background
Noel Tata attended outstanding universities each in India and abroad.
Noel Tata holds a level from Sussex University within the United Kingdom and has accomplished the International Executive Programme (IEP) at INSEAD.
Noel Tata management background
Noel presently holds a number of key positions inside the group, together with Chairman of Trent, Voltas, and Tata Investment Corporation, and serves as Vice Chairman of Tata Steel and Titan Company Limited.
Noel Tata has served as Chairman of Trent Ltd, the Tata Group's profitable attire retailer, since 2014. During his tenure, Trent's shares have surged by over 6,000% prior to now decade, making it one of essentially the most affluent Tata corporations lately. Under his management, the corporate has expanded its retailer community and workforce, whilst rivals have scaled again their operations.
Before his place at Trent, Noel was the top of Tata International Ltd from 2010 to 2021. During his time there, the commodity buying and selling firm's income grew from $500 million to greater than $3 billion.
Late Ratan Tata, broadly considered one of India's most esteemed enterprise leaders, performed an vital function in reworking the Tata empire right into a diversified world conglomerate with a presence throughout a number of industries.
The institution of Tata Trusts might be traced again to 1892, when it was based by Jamsetji Tata, the nice grandfather of Noel and Ratan, a number of years after he laid the muse of the Tata group.
