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Noel Tata appointed chairman of Tata Trusts on October 11, succeeding his late half-brother Ratan Tata. Tata Trusts holds a 66% stake in Tata Sons
Noel Tata Appointed Chairman of Tata Trusts Following Ratan Tata’s Demise
Noel Tata was appointed chairman of Tata Trusts on October 11, 2024, succeeding his half-brother Ratan Tata, who passed away on October 9 at the age of 86. According to CNBC-TV18, the decision was made unanimously during a meeting held in Mumbai on the same day. This move marks a significant transition for Tata Trusts, the philanthropic arm of the Tata group, which holds a 66% stake in Tata Sons, the holding company of various firms under the Tata brand.
Noel Tata’s Leadership to Ensure Continuity and Stability at Tata Trusts
The appointment of Noel Tata as chairman of Tata Trusts is seen as a strategic move to ensure stability and continuity within the organisation. Corporate lawyer HP Ranina commended the decision, noting that it aligns with Ratan Tata’s approach of “moving on” and will likely lead to continued success for the group. Noel Tata’s leadership is expected to foster harmony and help the Tata Group maintain its legacy of excellence, which spans more than 150 years.