Noel Tata Vows to Carry Forward the Legacy of Ratan Tata as He Takes Over as Chairman of Tata Trusts
First Published: 12th October, 2024 17:07 IST
Noel holds Irish citizenship, which comes from his French-born mother. Despite this, he has always remained deeply connected to the Tata legacy in India.
Noel Tata, the half-brother of the late Ratan Tata, has been appointed as the new chairman of Tata Trusts, following the passing of Ratan Tata, one of India’s most iconic business leaders. In his first statement after the appointment, Noel Tata expressed deep gratitude and a strong commitment to carrying forward the legacy of his brother and the founding members of the Tata Group.
“I am deeply honoured and humbled by the responsibility entrusted to me by my fellow Trustees,” Noel Tata said. “Founded more than a century ago, the Tata Trusts are a unique vehicle for social good. On this solemn occasion, we rededicate ourselves to advancing our developmental and philanthropic initiatives, and continuing to play our part in nation-building.”
At the age of 67, Noel Tata steps into a key position at the helm of a $165 billion conglomerate. Tata Trusts, which owns a 66% stake in Tata Sons, does not directly oversee the operations of Tata Sons, the holding company that manages 30 firms across various sectors such as consumer goods, automobiles, hotels, and airlines. However, its significant stake grants Tata Trusts substantial influence over major investment, strategic, and philanthropic decisions.
The decision to appoint Noel Tata was supported by many within the group, particularly “old-timers,” who believed he was the right choice to lead Tata Trusts into the future. Although Tata Sons is not obligated to seek advice from the Trusts, there has always been an “unsaid understanding” of close collaboration between the leadership of both entities, according to a company official, said in Economic Times report.
Who Is Noel Tata?
Noel Tata, who has been a part of the Tata Group for more than 40 years, is known for his behind-the-scenes leadership style, which contrasts with the more public-facing approach of his late half-brother, Ratan Tata. A graduate of Sussex University, Noel Tata has held significant positions across various Tata companies and has played a key role in the group’s international growth and retail expansion.
He currently serves as the Chairman of Tata’s retail brand Trent, which manages popular brands like Westside, Zudio, and Star Bazaar, and has brought global names like Zara and Massimo Dutti to India. Under his leadership, Trent has seen impressive growth, achieving consolidated revenues of Rs 12,669 crore in FY24.
Noel Tata has also held positions as Vice Chairman of Tata Steel and Titan Company Limited, as well as Non-Executive Director of Tata International Limited. During his time as Managing Director of Tata International, he helped expand the company’s turnover from $500 million to over $3 billion, demonstrating his strong business acumen.
Despite his quiet leadership style, Noel Tata’s influence within the group has been significant, especially in the retail and international sectors. His experience and understanding of the family business have made him a respected figure both within the Tata Group and among stakeholders.
Noel Tata is also the son-in-law of the late Pallonji Mistry, the patriarch of the Shapoorji Pallonji Group, and was married to Aloo Mistry, making him the brother-in-law of the late Cyrus Mistry, who once served as chairman of Tata Sons. He holds Irish citizenship, which comes from his French-born mother, Simone Tata. Despite this, Noel has always remained deeply connected to the Tata legacy in India.
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