BUSINESS
Noel Tata has been appointed as the new Chairman of Tata Trust following Ratan Tata’s demise continuing the family's philanthropic legacy.
Following the sad passing of Ratan Tata, Noel Tata has been unanimously appointed as the new Chairman of Tata Trust by the board. This position is significant as Tata Trust controls a 66 percent stake in Tata Sons, the holding company of the Tata Group. The trust plays a vital role in overseeing the group’s philanthropic activities, which include various charitable institutions and initiatives.
Who is Noel Tata and His Relationship with Ratan Tata?
Noel Tata and Ratan Tata are half-brothers, both sons of the late Naval Tata but from different marriages. Ratan Tata is the son of Naval Tata's first wife, Sooni Commissariat, while Noel is the son of Naval Tata's second wife, Simone Tata, who is originally from Switzerland. Although Noel holds Irish citizenship, he primarily works in India, contributing significantly to the Tata Group's operations.
In his professional career, Noel Tata has made a notable impact as the Chairman of Trent, the retail division of the Tata Group. Under his leadership, Trent has transformed from a standalone store into an expansive network of over 700 stores across India. Noel's approach to business emphasizes profitability over rapid growth, ensuring each store remains economically viable before pursuing further expansion. His prior experience includes a role at Nestlé in the UK, which helped shape his business acumen.
Education and Family Background
Noel Tata was born in Mumbai in 1957 and completed his early education in the city. He later moved to the UK to pursue higher studies, earning a degree from the University of Sussex. Additionally, he attended the International Executive Program at INSEAD Business School in France to further enhance his skills.
On the personal front, Noel is married to Aloo Mistry, the daughter of the late Pallonji Mistry, former chairman of the Shapoorji Pallonji Group, which holds a significant stake in Tata Sons. Their marriage connects two influential families in the Indian business landscape. In 2011, Aloo's brother, Cyrus Mistry, was named Ratan Tata’s successor as Chairman of Tata Sons, but he was removed in 2016, leading to Ratan Tata temporarily resuming the role until N. Chandrasekaran was appointed in 2017.
Noel and Aloo Tata have three children: Leah, Maya, and Neville. Leah, the eldest, pursued marketing studies in Madrid and began her career at Taj Hotels Resorts and Palaces as an Assistant Sales Executive. Maya worked at Tata Opportunities Fund before moving to Tata Digital. Neville is involved in the retail sector at Trent, a company with ties to his grandmother. He is married to Mansi Kirloskar, who plays a crucial role at Kirloskar Technologies.
Hobbies and Interests
Outside of work, Noel Tata enjoys reading and traveling, reflecting his curiosity and passion for learning. He loves exploring different cultures through travel and has a keen interest in fast cars, often taking high-speed drives on the Mumbai-Pune Expressway.
With his new role as Chairman of Tata Trust, Noel Tata is expected to uphold the family's commitment to social responsibility and community development, continuing the legacy established by Ratan Tata.
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