Noel Tata, new Chairman of Tata Trusts, is an Irish citizen

Noel Tata

Rama Krishna Sangem

Noel Tata, 67, half-brother of the late Ratan Tata, has been unanimously elected as the chairman of Tata Trusts following the passing of the legendary industrialist Ratan Tata, CNBC-TV18 reported on Friday. Noel Tata is already a key trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. He will now lead the trusts that hold a controlling stake in Tata Sons, the primary holding company of the Tata Group. Noel is an Irish citizen.

The move has long been anticipated, given Noel Tata’s close involvement with Tata Trusts and his extensive experience within the conglomerate. Noel Tata, the son of Naval H Tata and Simone Tata, is married to Aloo Mistry, linking him to the influential Mistry family, former major shareholders in Tata Sons

Noel Tata’s appointment follows the passing of Ratan Tata, a towering figure in Indian business, who passed away on October 9 at the age of 86. Ratan Tata, who served as Chairman Emeritus of Tata Sons and helmed Tata Trusts, had been admitted to Mumbai’s Breach Candy Hospital after his health deteriorated. His passing leaves a significant leadership gap in the philanthropic arm of the Tata empire, which Noel Tata is now set to fill.

 

Ratan chose no successor

Ratan Tata did not name a successor for the leadership of Tata Trusts before his death, sparking speculations about the future governance of the trusts. As the primary public charitable foundation in India, the trusts are managed by a board of 13 trustees across its two major entities: the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust. Key figures in this governance structure include former Defence Secretary Vijay Singh and Venu Srinivasan, a leader in the automobile industry.

Tata Trusts play a critical role in the governance of the Tata Group, controlling a 66 per cent stake in Tata Sons, the holding company overseeing diverse businesses spanning from automobiles to aviation. Through their charitable and philanthropic work, these trusts donated approximately Rs 456.42 crore (around $56 million) during the financial year 2022-23.

 

Rama Krishna Sangem

Ramakrishna chief editor of excel India online magazine and website

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Rama Krishna Sangem

Excel India national news magazine is a media startup founded and piloted by Rama Krishna Sangem, a Hyderabad based senior journalist with over three decade experience in the field of media, mostly in print journalism. His rich experience in reporting for both Telugu and English newspapers and heading a TV news channel and some online outfits will be of immense use to this venture. Excel India English news magazine seeks to fill the gap of analytical understanding to our readers who today are confronted with myriad media platforms. Our online version not only offers regular updates and commentary on happenings around us, but also gives larger stories not limited by space constraints of a print magazine. Excel India is ably run by a team of senior journalists committed to values and quality standards in the profession. We urge you all to support and guide us in this endeavour. Reach us at excelindiaweb123@gmail.com