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Journalism of Courage
Noel Tata, The New Chairman of Tata Trusts: Noel Tata, the half brother of late industrialist Ratan Naval Tata, is set to lead Tata group’s philanthropic wing Tata Trusts. CNBC TV18 reported that Noel has been appointed as the chairman of Tata Trusts following a board meeting.
Ratan Tata, the former chairman of the group, breathed his last on Wednesday at the age of 86 after a brief illness in Mumbai. Owing to his familial ties and involvement in many group companies, Noel Tata seemed to be strong contender for the post.
Noel Tata helms Trent, Voltas, Tata Investment Corporation and Tata International as the chairman. The son of Naval and Simone Tata, Noel Tata is also the Vice Chairman of Tata Steel and Titan. He is also a member of the Sir Ratan Tata Trust.
Ratan Tata had separated the roles of Chairman of Tata Sons and the chair of Tata Trusts to prevent the same person from heading both the institutions. Tata, as Chairman of Tata Trusts and former Chairman of Tata Sons, wielded considerable influence in the affairs of the Tata group.
A number of trusts have been established over the years by the Tatas – the largest being the Sir Ratan Tata Trust which was set up in 1919 and Sir Dorabji Tata Trust, which operate under the umbrella of the Tata Trusts.
There are three trusts under Sir Ratan Tata Trust and Allied Trusts. In Sir Ratan Tata Trusts, former Defence Secretary Vijay Singh and TVS group’s Venu Srinivasan are currently the Vice-chairmen. The other members include JN Tata, Noel Tata, Jehangir HC Jehangir, Mehli Mistry and Darius Khambata. In Tata Education and Development Trust, JN Mistry, Vijay Singh and Venu Srinivasan are members. In Navajbai Ratan Tata Trust, JN Mistry, Vijay Singh and Venu Srinivasan are members.
In 2023-24, the revenue of Tata companies, taken together, was more than $165 billion. These companies collectively employ over one million people, according to Tata Sons. IT giant TCS, Tata Steel and Tata Motors are leaders in their segments.
