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.
The DNA app is now available for download on the Google Play Store. Please download the app and share your feedback with us.
Crossing the Line: Ukraine's Use of Storm Shadow Missiles and the Escalation of Conflict
When Malaika Arora talked about the controversial ‘instant pleasure’ ad, it was for…
This is the world’s most expensive shopping street, not Fifth Avenue, New Bond Street, it is...
Big setback for Gautam Adani, Kenya cancels Rs 6216 crore deal with Adani Group due to...
Viral video: Man’s jugaad to stay warm in winter will leave you SHOCKED, watch here
Hinduja Group firm gets key approval for acquisition of Anil Ambani's debt-ridden Reliance Capital
Shloka Mehta looks stunning in white floral kurta as she clicked with Akash Ambani, it costs Rs....
Who is Sagar Adani, Gautam Adani's nephew, accused of bribery, fraud charges in US?
PayPal down: Several users face issue while logging into accounts, say 'no one could...'
IND vs AUS: Jasprit Bumrah, Pat Cummins eye historic captaincy milestone in Perth Test
BGT 2024, Ind vs Aus: Can Shubhman Gill be the new Cheteshwar Pujara? Is he really ready?
The Ultimate Guide to Luxury Gifting: Discover Heirloom Pashmina by Pashmina.com
Effortless Relocations: The Perks Of Professional Removalists In Melbourne
Watch: Pakistan fan with 'Imran Khan' poster asked to leave Hobart stadium in Australia
International Criminal Court issues arrest warrant against Israeli PM Benjamin Netanyahu for...
What is demisexuality? Everything you need to know about this lesser-known sexual orientation
WATCH: World’s shortest woman meets world’s tallest woman, video goes viral
IND vs AUS 1st Test: Predicted playing XIs, Perth weather forecast and pitch report
IND vs AUS: When will Rohit Sharma join India squad? Check latest update
'Scam 2024': Diljit Dosanjh lookalike pranks people on Pune streets, video goes viral
Delhi Air Pollution: Centre announces staggered work timings for govt employees; check details
Mukesh Ambani's Reliance Jio loses nearly 80 lakh subscribers in just 30 days, BSNL adds...
IND vs AUS, 1st Test Dream11 prediction: Fantasy cricket tips for India vs Australia match
This country has most expensive passport in world, not US, UK, UAE, it costs Rs...
Amitabh Bachchan opens up on Aishwarya Rai-Abhishek Bachchan divorce rumours
Amid rising air pollution, Delhi-NCR's crematorium records cleanest air; check AQI here
Revolutionising Medical Imaging: Venudhar Rao Hajari’s impact on healthcare technology
Abhishek Gupta and Onevision Media: Scaling brands on social media
Video shows Korean girl eating jalebi for first time, her reaction to Indian sweet goes viral
Cristiano Ronaldo confirms THIS YouTube star as his next guest, says, 'Will break Internet'
Delhi Assembly Elections: AAP releases first list of 11 candidates for 2025 polls
Adani Group's FIRST REACTION after US indicts Gautam Adani in alleged bribery case
Instagram introduces new feature, know how to reset app's algorithm, change your feed
No mention of Aaradhya Bachchan in Amitabh Bachchan's post on birthdays, it happened recently
Oppo Find X8 and X8 Pro launched in India, check specifications, price, other details
Charges against Gautam Adani: BJP's scathing attack on Congress, questions timing of development
Jasprit Bumrah's BIG statement on taking up Perth test captaincy, says, 'tactically better...'
Blackout on breaks: Company imposes no-sick-leave policy until 2025
Drug-laden terrorists on India's western, northern frontiers
Mohammad Shami trolls Sanjay Manjrekar over IPL auction bid prediction, says, 'Baba ki...'
IND vs AUS Test: When and where to watch 1st match of Border-Gavaskar trophy, know details here
CAQM amends Grap Stages III, IV, enforces stricter measures in Delhi-NCR amid air pollution woes
Malayalam actor Meghanathan passes away at 60 after suffering from...
Adani Green Energy's FIRST reaction after US indicts Gautam Adani in alleged bribery case
'Keep me out of...': Pakistani Instagram star Mathira on MMS leak controversy
Delhi Air Pollution: AQI marginally improves from 'severe' to 'very poor' category
Meet actress who worked with Alia Bhatt, was asked to 'compromise', connected to Aishwarya Rai by..
Aishwarya Rai’s remark on Amitabh Bachchan’s ‘habits’ goes viral amid divorce rumours with Abhishek
Rekha's BOLD statement about Amitabh Bachchan goes viral, 'why hurt...'
Meet man, IITian who built Rs 5493 crore firm, has this Mukesh Ambani connection, he is from...
Shillong Teer Results TODAY November 21, 2024 Live Updates: Check winning numbers here
‘I didn’t have time to…’: When AR Rahman revealed having ‘agreement’ before marriage to Saira Banu
Amitabh Bachchan praises Abhishek Bachchan's new film, netizens ask 'kash ye Aishwarya...'
Viral video: Woman's sizzling belly dance to 'Namak' impresses internet, watch
Hardik Pandya banned, Mumbai Indians captain to miss first match of IPL 2025 due to...
Meet man who studied at IIM, IIT, then built Rs 1160000000 company, got inspired by…
Meet woman, who quit as dentist for UPSC exam, became IAS officer with AIR...
Viral video: Little girl steals hearts with her adorable dance to 'o meri cutie', watch
Gautam Adani's company signs another pact to acquire 100% stake in...
CBSE Date Sheet 2025 announced: Class 10, 12 board exams to begin from...
Apollena: Aditi Sharma on how space-based drama encourage young girls, says 'no matter how many...'
Is Mia Khalifa dating ex-Man City star Julian Alvarez? Former adult star says 'It certainly...'