Vikrant Shekhawat : Oct 11, 2024, 03:45 PM
Noel Tata Chairman: After the death of Ratan Tata, the questions raised about his succession have now come to an end. His half-brother Noel Tata has been unanimously appointed as the new chairman of Tata Trust. Noel was already serving as a trustee of Tata Trust, and now he has been entrusted with the responsibility of the huge philanthropic structure of the Tata Group. Sir Ratan Tata Trust and Sir Dorabji Tata Trust, which come under Tata Trust, hold 52% stake in Tata Sons, playing an important role in the operations of the Tata Group.Professional journey of Noel TataNoel Tata has been associated with the Tata Group for the last 40 years and has played an active role in various dimensions of the company. He is currently the chairman of Tata International, Voltas and Tata Investment Corporation, as well as the vice chairman of Tata Steel and Titan Company Limited. Apart from this, he is also a member of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, which play a major role in the social and economic contribution of the Tata Group.Historic decision of the TrustNoel Tata was unanimously elected chairman in the meeting of Sir Ratan Tata Trust and Sir Dorabji Tata Trust held in Mumbai. After this decision, Noel Tata, along with his three children—Nevel, Maya, and Leah, will now handle the business of Tata Group spread across the world. Tata Group, which operates business activities in more than 100 countries, will move forward to expand its empire further under the leadership of Noel Tata.Role of Noel Tata and his childrenAll three children of Noel Tata are playing different responsibilities in Tata Group and are taking the group's business forward along with their father. His eldest daughter Leah Tata is active in the hotel industry and has started her career as Assistant Sales Manager in Taj Hotels, Resorts and Palaces. Maya Tata started her career in Tata Opportunities Fund and Nevel Tata is also working in different areas of the group.Tata Trusts and the Group's Imperial StatusTata Trusts is the flagship of the Tata Group's philanthropic entities, which manages the massive Rs 13.8 lakh crore group. The trusts own 66% of the Tata Group, making it one of the world's largest corporate and philanthropic organisations. The appointment of Noel Tata will not only ensure the continuity of the group but will also take the Tata legacy forward in times to come.Noel Tata's appointment makes it clear that the reins of the Tata Group are now in capable hands, and his family members are also committed to take this empire to new heights along with him.