Noel Tata succeeds Ratan as chairman of Tata Trusts
The Hindu
Noel Tata appointed chairman of Tata Trusts, succeeding Ratan Tata, with significant implications for Tata group's future.
Noel Naval Tata was appointed chairman of Tata Trusts on Friday (October 11, 2024), according to sources. He succeeds Ratan Tata, who died on October 9, 2024.
A confirmation from the Trust is awaited.
Noel Tata, 66, is Ratan’s half brother and has been the trustee in four of the trusts that make Tata Trusts, which is the conglomerate Tata group's philanthropic arm.
Noel's appointment is of significance as Tata Trusts owns 66% of Tata Sons, the holding company of various firms under the Tata brand which is more than 150 years old.
Ratan, one of India's most respected corporate leaders, built the Tata empire into a global conglomerate that spanned across industries.
Tata Trusts was setup by Noel and Ratan's great grandfather Jamsetji Tata in 1892, years after he founded the Tata group.
Tata Trusts has since diversified into various sectors such as education, healthcare and housing.
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