NEW DELHI: Noel Naval Tata on Friday mentioned he was “deeply honoured and humbled” after being appointed the chairman of Tata Trusts, succeeding his half-brother Ratan Tata, who handed away on Wednesday on the age of 86.
In a press release launched on Friday, Tata Trusts mentioned it was “unanimously decided to appoint Noel Naval Tata as the Chairman of the various Trusts that constitute the Tata Trusts and also designate him as Chairman, Tata Trusts.His appointment comes into place effective immediately”.
“I am deeply honoured and humbled by the responsibility that has been cast on me by my fellow Trustees. I look forward to carrying on the legacy of Ratan N. Tata and the Founders of the Tata Group. Founded more than a century ago, the Tata Trusts are a unique vehicle for undertaking social good. On this solemn occasion, we rededicate ourselves to carrying on our developmental and philanthropic initiatives and continuing to play our part in nation building,” mentioned Noel Tata after his appointment.
Noel, 67, would be the eleventh chairman of Sir Dorabji Tata Trust and the sixth chairman of Sir Ratan Tata Trust.
Noel’s appointment is critical as a result of Tata Trusts holds a 66% stake in Tata Sons, the holding firm of the quite a few companies underneath the Tata model, which has a legacy spanning over 150 years.
Who is Noel Tata?
Noel N Tata, chairman and non-executive director of Tata International Limited, has been with the Tata Group for 4 a long time. He is the son of Naval H Tata and Simone N Tata.
He is a Trustee on the Boards of the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust.
According to the Tata Trusts web site, Noel’s kids, Maya, Neville, and Leah, are additionally engaged within the household’s charitable actions, serving as trustees of numerous charities related to the Tata Trusts.
Noel Tata instructional background
Noel Tata attended distinguished universities each in India and abroad.
Noel Tata holds a level from Sussex University within the United Kingdom and has accomplished the International Executive Programme (IEP) at INSEAD.
Noel Tata management background
Noel at present holds a number of key positions inside the group, together with Chairman of Trent, Voltas, and Tata Investment Corporation, and serves as Vice Chairman of Tata Steel and Titan Company Limited.
Noel Tata has served as Chairman of Trent Ltd, the Tata Group’s profitable attire retailer, since 2014. During his tenure, Trent’s shares have surged by over 6,000% up to now decade, making it one of essentially the most affluent Tata corporations in recent times. Under his management, the corporate has expanded its retailer community and workforce, at the same time as opponents have scaled again their operations.
Before his place at Trent, Noel was the pinnacle of Tata International Ltd from 2010 to 2021. During his time there, the commodity buying and selling firm’s income grew from $500 million to greater than $3 billion.
Late Ratan Tata, extensively thought to be one of India’s most esteemed enterprise leaders, performed an necessary position in reworking the Tata empire right into a diversified international conglomerate with a presence throughout a number of industries.
The institution of Tata Trusts could be traced again to 1892, when it was based by Jamsetji Tata, the good grandfather of Noel and Ratan, a number of years after he laid the muse of the Tata group.
