Noel Tata

Noel Tata
Tata in 2013
Born
Noel Naval Tata

1957 (age 66–67)
CitizenshipIreland
EducationUniversity of Sussex, INSEAD
OccupationBusinessman
TitleChairman of Tata Trust, Trent Ltd, Voltas Ltd
Managing Director of Tata Group
SpouseAloo Mistry
Children3
Parent(s)Naval Tata
Simone Tata
RelativesPallonji Mistry (father-in-law)
Ratan Tata (half-brother)

Noel Naval Tata (born 1957) is an Indian-born Irish businessman. He is the chairman of the Tata Trusts, Trent and Tata Investment Corporation, the managing director of Tata International, and the vice chairman of Titan Company and Tata Steel.[1]

On 11 October 2024, after the death of his half-brother Ratan Tata, Noel was appointed as a chairman of the Tata Trusts that holds a 66% stake in Tata Sons, the parent company of the Tata Group that holds the bulk of shares of the Group.[2]

Early life

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Part of the Tata family, he is the son of Naval Tata and Simone Tata.[3] He is the half-brother of Ratan Tata, the ex-chairman of the Tata Group, and Jimmy Tata.[3]

Tata earned a bachelor's degree from the University of Sussex, and attended the International Executive Programme at INSEAD business school in France.[3]

Career

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He began his career at Tata International, the Tata Group's arm for the products and services offered abroad. In June 1999, he became the managing director of the Group's retail arm Trent, which was founded by his mother. By this time, Trent had acquired the department store Littlewoods International and changed its name to Westside. Tata developed Westside, turning it into a profitable venture. In 2003, he was appointed the director of Titan Industries and of Voltas.

In 2010-2011 it was announced that Tata was to become managing director of Tata International, the company dealing with the overseas business of the $70 billion conglomerate, raising speculation that he was being groomed to succeed Ratan Tata as the head of the Tata Group.[4][5] However, in 2011 his brother-in-law Cyrus Mistry was announced as the successor to Ratan Tata.[6] In October 2016, Cyrus Mistry was removed as the chairman of Tata Sons and Ratan Tata took over as the chairman of the group for four months until February 2017.[7] He was made vice chairman of Titan Company in 2018, and in February 2019 was inducted onto the board of the Sir Ratan Tata Trust.[8] On 29 March 2022, he was appointed vice chairman of Tata Steel.[1]

Personal life and family

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He is married to Aloo Mistry, the daughter of Pallonji Mistry, who was the single largest shareholder in Tata Sons (the Tata Group's holding company).[9] They have three children, Leah, Maya and Neville.[10]

The eldest daughter, Leah Tata, got her Master’s degree in Marketing from IE Business School in Madrid and is a vice-president at the Indian Hotels Company Limited, a Tata hospitality arm.[11]

The second daughter, Maya Tata started her education at Bayes Business School in London and Warwick University, worked as an analyst at Tata Capital and is a board member of the Tata Medical Center Trust.[11]

A son, Neville Tata, also an alumni of Bayes Business School, began his career with Trent Limited, the main retail arm of Tata, later led Zudio operations, and is currently heading the Star Bazaar.[11] He is an Irish citizen.[12][13]

References

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  1. ^ a b Dutt, Ishita Ayan (29 March 2022). "Tata Steel board approves appointment of Noel Naval Tata as vice-chairman". Business Standard.
  2. ^ "Ratan Tatas Successor: Noel Tata Appointed Chairman of Tata Trusts". Times of India. 11 October 2024. Retrieved 11 October 2024.
  3. ^ a b c Carvalho, Brian; Layak, Suman (1 November 2009). "The Other Tata". Business Today. Retrieved 1 February 2019.
  4. ^ "Noel Tata to be Tata International MD". Rediff.com. PTI. 29 July 2010. Archived from the original on 25 December 2019.
  5. ^ ET Bureau (30 July 2010). "Is Noel Tata being groomed to succeed Ratan Tata?". The Times of India. Retrieved 30 May 2018.
  6. ^ "Cyrus P. Mistry is Ratan Tata's heir apparent". The Hindu. 24 November 2011. Retrieved 24 November 2011.
  7. ^ "Big shakeup! Cyrus Mistry removed as Tata Sons chairman, Ratan Tata steps in". Benette, Coleman & Co. Ltd. Economic Times. 24 October 2016. Retrieved 24 October 2016.
  8. ^ Vijayaraghavan, Kala; John, Satish (14 February 2019). "Venkataramanan quits Tata Trusts; Noel joins Ratan Tata Trust". The Economic Times. Retrieved 19 June 2020.
  9. ^ Vijayraghavan, Kala; Mandavia, Megha (26 August 2018). "How next gen scions Leah, Maya and Neville are working their way up in Tata Group companies". Retrieved 26 August 2018 – via The Economic Times.
  10. ^ "Ratan Tata family tree: Look at its members from Jamsetji to Noel Tata". India Today. 10 October 2024. Retrieved 10 October 2024.
  11. ^ a b c Web Desk 2024.
  12. ^ "Noel Tata joins two Tata trusts as trustee, signalling succession planning". Moneycontrol. Retrieved 21 June 2024.
  13. ^ John, Satish; Vijayraghavan, Kala (10 January 2020). "Cyrus Mistry's Irish citizenship was a sore point for the Tatas" – via The Economic Times.
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