Following Ratan Tata's passing, his stepbrother Noel Tata has been appointed the new Chairman of Tata Trusts. At 67, Noel Tata now leads two major philanthropic institutions under the Tata Trusts: Sir Ratanji Tata Trust and Sir Dorabji Tata Trust. Before being unanimously chosen as Chairman of TATA Trusts in a meeting held in Mumbai on Friday, Noel had already served as a trustee for these trusts.
However, many people aren't familiar with Noel Tata, the new chairman of Tata Trusts and Ratan Tata's successor. Let's delve into who Noel Tata is, where he's educated, and the extent of his assets.
Who is Noel Tata, Ratan Tata’s Stepbrother?
Noel Tata is the son of Naval Tata and his second wife, Simone Dunoyer. This makes him the stepbrother of Ratan Tata. According to Business Today, Noel Tata chairs Tata International Limited, Voltas Limited, and Tata Investment Corporation Limited. Additionally, he serves as vice-chairman at both Tata Steel and Titan Company.
Source: aajtak
Instrumental in Trent's Ascent
Over his 11-year tenure as Managing Director, Noel Tata transformed Trent Limited significantly. From 2010 to 2021, he played a key role in boosting the company's revenue from $500 million to over $3 billion. Having started with just one retail store in 1998, Trent Limited now boasts more than 700 stores across India.
Academic Journey of Noel Tata
Born in 1957 to Naval and Simone Tata, Noel's educational background is impressive. He's a graduate from the University of Sussex in the UK and further honed his business acumen at INSEAD in France, one of the world's premier business institutions.
Noel Tata's Financial Acumen and Family Heritage
Noel Tata is a proud father of three: Maya, Noville, and Leah. His son, Neville Tata, joined Trent in 2016, taking a leading role in Star Bazaar. Daughter Leah, 39, recently took charge of the Gateway brand at Indian Hotels, while 36-year-old Maya oversees significant roles in the digital domain. Media reports estimate Noel Tata's net worth at $1.5 billion, translating to approximately 12,455 crore rupees.
