Vikrant Shekhawat : Oct 12, 2024, 06:00 AM
Noel Tata News: There was speculation about who would take over the reins of the Tata Group after the death of Ratan Tata, but now Noel Tata has been appointed as the new chairman of the Tata Trust. Noel Tata, Ratan Tata's half-brother, has already been active in many of the group's companies and is also a trustee of the trust.Noel Tata was born in 1957 and is an Irish businessman of Indian origin. He graduated from the University of Sussex and received further education from France. He started his career with Tata International, a company offering products and services abroad of the Tata Group. Currently, he also holds the position of Managing Director of Trent, Tata Investment Corporation, Tata International and Vice President of Titan Company and Tata Steel.Ratan Tata was unmarried and his younger brother Jimmy Tata also stays away from public life. For this reason, Noel Tata was considered the most suitable for the command of the group. He is active in many of the group's companies and his children Leah, Maya and Neville are also associated with the companies, which will be helpful in taking this legacy forward.Who is Noel Tata?Noel Tata was born in 1957. He is an Irish businessman of Indian origin and is also the chairman of Tata Trust. Talking about his early life, he has done his graduation from the University of Sussex and has done his post-graduation from France.Noel started his career with Tata International, which is a Tata Group company for products and services offered abroad. Currently, he holds the position of Managing Director of Trent, Tata Investment Corporation, Tata International and Vice President of Titan Company and Tata Steel. He also holds a 66% stake of Tata Trust in Tata Sons, the holding company of many Tata Group companies. He is also the Vice Chairman of Tata Steel and on the board of Sir Ratan Tata Trust.Why was he elected chairman?Ratan Tata remained unmarried throughout his life and has no heir. His younger brother Jimmy Tata also stays away from public life and lives in a flat in Mumbai. However, he also has a stake in the Tata Group. Jimmy is also not married, so he also has no heir.Noel Tata proved to be the strongest candidate for the post of chairman because he has a stake in many companies of the group and is more active than other members. Other members of his family also work in other companies of the group and his children Leah, Maya and Neville are also associated with companies.