12 October 2024 04:00 am Views - 74
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Noel Tata
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BBC: A day after the death of India’s most globally-recognised tycoon Ratan Tata, his half-brother Noel Tata has been named as the new chairperson of Tata Trusts, the group has announced.
Tata Trusts is the company’s philanthropic arm which holds a majority stake of 66 percent in Tata Sons - one of India’s largest business groups, with annual revenues in excess of US $ 100 billion (£76.5 billion).
Noel Tata, 67, is the son of Naval Tata, who was also Ratan’s father and Simone Tata.
He is on the boards of many Tata companies, including Tata Trusts and will now step up to lead its charities.
He is Chairman of Tata International Limited, Voltas and Tata Investment Corporation and Vice-Chairman at Tata Steel and Titan Company Limited.
He also heads Tata’s massive apparel retail company, Trent Limited, which has seen tremendous growth since he took its leadership in 2014.
The company operates hugely successful fashion and lifestyle retail formats such as Westside, Zudio and Utsa.
From 2010 to 2021, Noel Tata ran the group’s global trading and distribution firm - Tata International - whose revenue rose from US $ 500 million to over US $ 3 billion during this time.
Yesterday, Tata Trusts in a release said it had unanimously elected Noel Tata as its Chairman.