Tata Trust's new chairman Noel Tata is likely to join Tata Sons' board as the third nominee of Tata Trust. According to media reports, a meeting of the Tata Trust Board is going to be held today, in which the third representative to the Tata Sons Board may be nominated.
Venu Srinivasan and Vijay Singh are currently the nominee members of Tata Trust. However, no official information has been given by Tata Trust regarding this yet.
Other Tata Sons board members including N Chandrasekaran The board of Tata Sons currently includes N Chandrasekaran, Ajay Piramal, Ralph Spaeth and Harish Manwani. Other board members include Saurabh Aggarwal, Leo Puri and Anita Marangoli George. Noel, who was appointed as the chairman of Tata Trust last week, is also the chairman of other Tata group companies, including Tata, Trent, Tata Investment Corp and Tata International, and the vice-chairman of Tata Steel.
Naval Tata's son is Noel from his second wife Noel Naval is the son of Tata's 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 studies at the University of Sussex. Noel started his career with Tata International. In 1999, he was made managing director of Trent, the group's retail arm. It was started by his mother Simone.
He was made the Chairman of Tata International in 2010-11. After this discussion started to make him the chairman of the group. Meanwhile, Cyrus Mistry himself talked about making himself the chairman of Tata Group. After this, Cyrus Mistry was removed as the 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.
Calm and composed like Noel Bhai Ratan Tata Noel is known for his calm and reserved demeanor like his elder brother Ratan Tata. His specialty is a low-profile leadership style, in contrast to Ratan Tata's more public approach. Where Ratan had working experience 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 said in an interview to a foreign media that Noel lacked experience. So 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's 66% stake in the Tata Group with revenues of ₹13.8 lakh crore The importance and stature of Tata Trust can be understood from the fact that it is a group of charitable organizations of the Tata Group. He owns 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. Focusing on poverty alleviation, healthcare and education, these trusts are an integral part of Ratan Tata's legacy.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
