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Who is Noel Tata, who has been appointed chairman of Tata Trust

Who is Noel Tata, who has been appointed chairman of Tata Trust

#News Bureau October 13,2014

Noel Tata was appointed as the Chairman of Tata Trusts on Friday 11 October 2024, succeeding his half-brother Ratan Tata. The appointment was made during a meeting of the Tata Trusts board held in Mumbai and was agreed upon unanimously. The whole country was watching the news as to who will lead the Tata Group now.

Tata Trusts, which hold a 66% stake in Tata Sons, the holding company of the massive Tata Group, plays a key role in the group’s operations. Ratan Tata, who led the Tata Trusts and the Tata Group for many years, had no children and had not named a successor to his position at the trusts. As a result, a board meeting was called to decide on the next leader. Noel Tata, who has been closely associated with the trusts over the years, was seen as the natural choice for the role. PM Modi had called Noel Tata before leaving for abroad to express his condolences on Ratan Tata’s demise.

The decision to appoint Noel Tata came just a day after Ratan Tata’s funeral. The board meeting had only two agendas. Tribute to Ratan Tata and election of a new chairman. This decision of the board is based on Ratan Tata’s philosophy that we have to “move on” without any delay and maintain continuity of leadership.

The Parsi community has traditionally been closely associated with the Tata Group. It was in favour of appointing someone with the Tata surname, and Noel Tata was the first choice over Amraay. His calm and restrained leadership style is not like that of his late half-brother Ratan Tata. He does not overly push himself into every project. He wants results, not fame.

His leadership of Trent, the Tata Group’s retail business, is particularly notable. As managing director of Trent for over 11 years, Noel Tata oversaw the company’s impressive growth, transforming it into a Rs 2.8 lakh crore retail giant. He was also the managing director of Tata International from 2010 to 2021, during which he grew the company’s turnover from $500 million to over $3 billion.

Noel Tata’s contributions to the Tata Group go beyond these roles. Since 2014, he has been the chairman of Trent Limited, a company that has seen its shares grow by over 6,000% over the past decade under his leadership. He is also known for driving strategy across the group’s global businesses, particularly the retail and international trade sectors.

Noel Tata is the son of Naval Tata, who was also Ratan’s father, and Simone Tata. His ties with the Tata family have always been strong, and his business background and leadership within various Tata companies made him a natural choice to succeed Ratan Tata at the Tata Trusts.

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