Noel is Naval Tata's son from his second wife Simone.
Tata Trust's new chairman Noel Tata is likely to join the board of Tata Sons as the third nominated member of Tata Trusts. According to media reports, a meeting of the Tata Trust Board is going to be held today, in which the third representative can be nominated in the Tata Sons Board.
Venu Srinivasan and Vijay Singh are currently nominated members of Tata Trusts. However, till now no information has been given officially by Tata Trust about this.
N Chandrasekaran and others are board members of Tata Sons.
The board of Tata Sons currently includes N Chandrasekaran, Ajay Piramal, Ralf Speth and Harish Manwani. Other board members include Saurabh Agarwal, Leo Puri and Anita Marangoli George. Noel, who was appointed chairman of Tata Trusts last week, is also chairman of other Tata group companies including Tata, Trent, Tata Investment Corp and Tata International and vice chairman of Tata Steel.
Noel is the son of Naval Tata's second wife.
Noel is Naval Tata's son from his second wife Simone. Ratan Tata and Jimmy Tata are the children of Naval and his first wife Suni.
Noel started his career with Tata International
Noel studied at the University of Sussex. Noel started his career with Tata International. In 1999, he was made the managing director of Trent, the group's retail arm. It was started by his mother Simone.
In 2010-11, he was made the chairman of Tata International. After this, discussion started on making him the chairman of the group. Meanwhile, Cyrus Mistry himself talked about being made the chairman of Tata Group. After this, Cyrus Mistry was removed from the post of Chairman of Tata Sons and Ratan Tata took charge of the group. In 2018, he was made Vice Chairman of Titan and in 2017, he was inducted into the board of the trust.
Noel Bhai is calm and composed like Ratan Tata.
Noel is known for his calm and composed behavior like his elder brother Ratan Tata. His specialty is a low-profile leadership style, which is in contrast to Ratan Tata's more public approach. Where Ratan had experience of working from aviation to automobile industry. At the same time, Noel lacks experience.
When the group was looking for Ratan Tata's successor in 2011, Ratan Tata had said in an interview to a foreign media that Noel lacked experience. Therefore his name was not considered. He was eventually replaced by his brother-in-law, Cyrus Mistry. After Mistry's departure, TCS chief N Chandrasekaran became the chairman of Tata Sons.
Tata Trust holds 66% stake in Tata Group with revenue of ₹13.8 lakh crore.
The importance and size of Tata Trust can be understood in the sense that it is a group of charitable institutions of the Tata Group. It holds 66% stake in Tata Group with revenue of Rs 13 lakh crore.
Tata Trusts include Sir Ratan Tata Trust and Allied Trust and Sir Dorabji Tata Trust and Allied Trust. These trusts, focusing on poverty alleviation, healthcare and education, are an integral part of Ratan Tata's legacy.
Graphics Source: VaskarAssets
