Noel Tata Takes Helm of Tata Trusts After Ratan Tata's Passing

Noel Tata has been appointed as the new chairman of Tata Trusts, taking over after the death of Ratan Tata. Tata Trusts holds significant influence through its 66% ownership of Tata Sons, guiding investment and strategic decisions. Noel brings decades of experience within the Tata Group.

Noel Tata, the half-brother of the late Ratan Tata, has been appointed chairman of Tata Trusts, the wealthy philanthropic arm of India's Tata group. This appointment follows the death of Ratan Tata, a revered figure in India's corporate world.

Tata Trusts, which controls 66% of Tata Sons, indirectly sustains control over the $165 billion conglomerate. Noel Tata's appointment is seen as a nod to the 'old-timers' within the group, who favor his leadership. He brings significant experience, being involved with Tata for over 40 years.

Tata Trusts significantly influences strategic decisions, though it does not have direct operational command over Tata Sons. Notably, in 2016, the trust played a critical role in the ouster of then-chairman Cyrus Mistry. Noel Tata's leadership will continue the family's legacy of philanthropic efforts and strategic prowess.

(With inputs from agencies.)