After the death of industrialist Ratan Tata, the name of Noel Naval Tata has been announced as his successor. After meetings in Mumbai, the trustees of several trusts involved in Tata Trusts took the unanimous decision that Noel Naval Tata should be appointed chairman of Tata Trusts and all other trusts under it. Along with this, he should also be named chairman of Tata Trusts. It was said that his appointment will be effective immediately.

Ratan Tata's important services were remembered

Let us tell you that the trustees of several trusts involved in Tata Trusts held a joint meeting in Mumbai on Friday and condoled the death of Tata Trusts chairman Ratan Tata. In this meeting, Ratan Tata's important services were remembered not only for the Tata Group but also in nation building.

What did Noel Tata say on his appointment?

Noel Tata said on his appointment, I am looking forward to carrying forward the legacy of Ratan N. Tata and the founders of the Tata Group. Established more than a century ago, Tata Trusts is a unique medium of social welfare work. 'Tata Trusts' is a group of several charitable institutions that indirectly controls the US $ 165 billion salt-to-software group.

Know about Noel Tata

Noel Tata, the half brother of Ratan Tata, has played important roles in many Tata Group companies. He is currently the chairman of several companies including Trent, Tata International Limited and Voltas Limited. Noel Tata has been associated with Tata Group companies since 2000, he worked as the vice-chairman of Tata Steel Limited and Titan Company. Since joining the group, he has played an important role in the growth of the group. Tata Trusts, which hold 65.3 percent stake in Tata Sons, is made up of two primary trusts, Sir Dorabji Tata Trust and Tata Trust. These institutions together hold more than 50 percent of Tata Sons. During his tenure, he increased the company's business from $500 million to more than $3 billion. He also previously managed Trent Limited, which he expanded from one store to more than 700 stores at present. A graduate from the University of Sussex, UK, he has completed the International Executive Course from INSEAD. He is the son of Naval H. Tata and Simone N. Tata.

Noel Tata is the half brother of Ratan Tata

Noel Tata is the half brother of Ratan Tata. Actually, Ratan Tata's father Naval Tata had two marriages. Naval Tata first married Sooni Tata, from whom he had two sons Ratan Tata and Jimmy Tata. After divorce from Sooni Tata, Naval Tata married a Swiss businesswoman Simone in 1955. Noel Tata is the son of Naval Tata and Simone Tata. Noel has been associated with the Tata Group for 40 years and is currently serving on the boards of many Tata Group companies. Noel Tata is holding the responsibility of the director of Tata Group companies. He is a director of various Tata companies including Voltas Limited, Titan Industries Limited, Tata Investment Corporation and Bombay Chamber of Commerce and Industry. He has also worked for Trent, Nestle UK and Tata Exports Limited (now Tata International Limited).

Noel Tata is married to Aloo Mistry, daughter of Pallonji Mistry, the largest single shareholder in Tata Sons and father of Cyrus Mistry. The couple has three children, including Leah Tata, Maya Tata and Neville Tata. Noel Tata's daughter Leah Tata is also making her mark in the Tata Group. She completed her master's degree in marketing at the prestigious IE Business School in Spain and is currently working with the Tata Group. Leah began her professional journey in 2006 as an assistant sales manager at Taj Hotels Resorts and Palaces. Over the years, she has risen in the ranks and currently serves as the manager of development and expansion at Taj Hotels.

Tata Trusts
In the financial year 2022-23, Tata Trusts have contributed to various works in which a total grant of Rs 581.52 crore has been given. This funding has been done mainly through two trusts, Sir Ratan Tata Trust, which contributed Rs 456.42 crore and Sad Dorabji Tata Trust, which distributed Rs 125.10 crore. Tata Trusts hold 66 percent stake in Tata Sons, Shapoorji Pallonji holds 18 percent, Tata Group firms hold 13 percent and Tata family and others hold 3 percent.

Key persons of the administrative structure of Tata Trusts on the board of the trust
Sir Ratan Tata Trust Vice Chairman Vijay Singh, Vice Chairman Venu Srinivasan along with J N Tata, Noel Tata, Jahangir H C Jahangir, Mehli Mistry, Darium Khambatta are the main ones. The main members of Sir Dorabji Tata Trust include Vice President Vijay Singh, Vice President Venu Srinivasan along with Pramil Jhaveri, Noel N Tata, Mehli Mistry, Darium Khambata.