NEW DELHI, Oct 11 (Reuters) – Noel Tata, half-brother of the late Ratan Tata, has been appointed as the new chairman of Tata Trusts, the powerful charity arm of the Tata group. This appointment gives him indirect control over the $165 billion conglomerate.
At 67, Noel takes over after Ratan Tata’s recent death. Tata Trusts owns 66% of Tata Sons, the group’s parent company, and is crucial in significant investment and philanthropic decisions. While the trust doesn’t directly manage Tata Sons’ operations, it does appoint a third of its board members, who can veto decisions.
Noel Tata, half-French, has long been involved with the group, serving as a trustee of Tata Trusts, vice chairman of Tata Steel, and chairman of Tata’s retail brand Trent. As managing director, he has proven his business acumen by growing Tata International’s revenue from $500 million to over $3 billion.
The Tata group, founded by Jamsetji Tata in 1868, is known for its legacy of philanthropy, which extends across healthcare, sports, and other sectors. The Tatas, members of the Parsi community, have always incorporated charity into their business values.
Noel’s low-profile nature has kept him less known to the public, but he is highly respected within the group for his leadership. His connection to the group is further strengthened by his marriage to the sister of the late Cyrus Mistry, the former chairman of Tata Sons, who passed away in 2022.
Frequently Asked Questions (FAQ’s)
Q) Who is the next leader of Tata Group?
A) Noel Tata, 67, has been appointed as the new chairman of Tata Trusts after the passing of Ratan Tata. He now indirectly controls the $165 billion Tata Group with this role.
Q) Who is Tata’s new CEO?
A) Natarajan Chandrasekaran is the CEO of Tata Sons, a holding company of over 100 Tata companies, generating annual revenues of over $100 billion.
Q) Who is the chief of Tata Group?
A) Natarajan Chandrasekaran serves as the Chairman of Tata Sons, overseeing the group’s many companies and operations worldwide.
Q) Who is the chairman of Tata Group after Ratan Tata?
A) After Ratan Tata’s passing on October 9 at age 86, Noel Tata was appointed as the new Chairman of Tata Trusts.
