Noel Tata appointed chairman of Tata Trusts: Report

Noel Tata has been appointed as the chairman of Tata Trusts, succeeding his late half brother Ratan Tata

Updated on: Oct 11, 2024, 14:23:17 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Noel Tata, the chairman of Tata Trent and vice chairman of Tata Steel has been appointed as the chairman of Tata Trusts, succeeding his late half brother Ratan Tata, CNBC-TV18 reported.

Mukesh Ambani (R), Chairman and Managing Director of Reliance Industries, speaks with Noel Tata, Chairman of Trent and Tata Investment Corporation, after paying his last respect to Indian industrialist Ratan Tata at the National Centre for the Performing Arts (NCPA) ahead of its cremation in Mumbai on October 10, 2024. Crowds of mourners gathered in India's financial capital Mumbai on October 10 for the funeral of industrialist Ratan Tata, hailed as a "titan" who led one of the country's biggest conglomerates. (Punit Paranjpe/AFP)

Ratan Tata, the previous chairman of the Tata conglomerate's philanthropic arm, passed away at Mumbai's Breach Candy hospital on the night of October 09, 2024, at the age of 86 from issues related to old age.

He never married and left behind no children, which made his succession a prominent point of focus. The Tata Trust board meeting regarding this happened today as a result.

Also Read: Online festive sales hit $6.5 billion in just one week: ‘Much better than plan’

The appointment is of great significance since Tata Trusts owns 66% of Tata Sons, according to a Reuters report.

Tata Sons Pvt. Ltd is the main private holding company for all the other various Tata companies.

Also Read: Cambridge study says planes have to fly slower to save the environment: See list of its 5 sustainable aviation goals

Tata Trusts, involved in sectors such education, healthcare and housing. was first set up in 1892 by Jamsetji Tata, the founder of the Tata group. He was the great grandfather of both Noel and Ratan Tata.

Noel Tata currently is the a trustee on the board of two other trusts including the Sir Ratan Tata Trust and Sir Dorabji Tata Trust.

He also is a trustee on the board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust.

Also Read: Tesla's driverless Robotaxi is out, cost below $30,000. Why Elon Musk is on edge

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator