News Brief
Ratan Tata's Half Brother Noel Appointed Chairman Of Tata Trusts: Report
Noel Tata (Pic Via X)
Noel Tata was on Friday (11 October) appointed as chairman of Indian conglomerate Tata group’s philanthropic arm Tata Trusts, succeeding his half brother Ratan, who died earlier this week at the age of 86, CNBC TV18 reported.
Noel’s appointment is of significance as Tata Trusts owns 66 per cent of Tata Sons, the holding company of various firms under the Tata brand which is more than 150 years old.
Ratan Tata never married, had no children, and did not name a successor at Tata Trusts.
Ratan Tata was one of India’s most respected corporate leaders and built the Tata empire into a global conglomerate that spanned across industries.
Tata Trusts was setup by Noel and Ratan’s great grandfather Jamsetji Tata in 1892, years after he founded the Tata group. Tata Trusts has since diversified into various sectors such as education, healthcare and housing.
Noel Naval Tata already serves as a trustee on the board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust.
He is also the chairman of Tata Trent and vice chairman of Tata Steel.
