Noel Tata Appointed Chairman of Tata Trusts, Succeeds Ratan Tata
- ByStartupStory | October 11, 2024
Noel Tata, currently the Chairman of Tata Trent and Vice Chairman of Tata Steel, has been appointed as the Chairman of Tata Trusts, following the passing of his half-brother Ratan Tata. The announcement was made during a Tata Trusts board meeting today, as reported by CNBC-TV18.
Ratan Tata, who had long served as the head of the Tata Group’s philanthropic arm, passed away on the night of October 9, 2024, at the age of 86 at Mumbai’s Breach Candy Hospital. His death was attributed to old age-related complications. Ratan Tata, who had no children, left behind a significant legacy, making the issue of succession particularly important.
Noel Tata’s appointment is of great significance, as Tata Trusts owns a 66% stake in Tata Sons, the primary holding company of the Tata Group, according to Reuters. Tata Sons Pvt. Ltd. oversees the management and operations of the Tata conglomerate’s various companies.
Tata Trusts, which was founded in 1892 by Jamsetji Tata, the great-grandfather of both Noel and Ratan Tata, plays a pivotal role in philanthropy, focusing on sectors such as education, healthcare, and housing. Noel Tata’s new position as Chairman marks a crucial step in continuing the legacy of social welfare and development championed by the Tata family.
Currently, Noel Tata also serves as a trustee on the board of two other major trusts within the Tata Group: the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust.
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