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After the death of Ratan Tata, many questions were raised about who would take over the command of the group in his place. However, now this has come to an end. Ratan Tata’s half-brother Noel Tata has been appointed as the new chairman of Tata Trust. Noel Tata is already a trustee of Tata Trust, and everyone agreed on his name.
Talking about the working style of Ratan Tata’s half-brother Noel, he likes to stay away from the limelight. He has been active in the Tata Group for the last 40 years and holds a significant stake in many of the group’s companies.
Who is Noel Tata?
Noel Tata was born in 1957. He is an Irish businessman of Indian origin and is also the chairman of Tata Trust. Talking about his early life, he has done his graduation from the University of Sussex and after that he has done his studies from France.
Noel started his career with Tata International, which is a Tata Group company for products and services offered abroad. Currently, he holds the position of Managing Director of Trent, Tata Investment Corporation, Tata International and Vice Chairman of Titan Company and Tata Steel. He also holds a 66% stake in Tata Trust in Tata Sons, the holding company of many Tata Group companies. He is also the Vice Chairman of Tata Steel and on the board of Sir Ratan Tata Trust.
Why was he elected Chairman?
Ratan Tata remained unmarried throughout his life and has no heir. His younger brother Jimmy Tata also stays away from public life and lives in a flat in Mumbai. However, he also has a stake in the Tata Group. Jimmy is also not married, so he also has no heir.
Noel Tata proved to be the strongest candidate for the post of Chairman because he has a stake in many companies of the group and is more active than other members. Other members of his family also work in other companies of the group and his children Leah, Maya and Neville are also associated with companies.
