Noel Tata, Ratan Tata's half-brother, has been appointed chairman of Tata Trust
New Delhi:
Ratan Tata's half-brother Noel Tata has been appointed chairman of Tata Trust, following a board meeting held in Mumbai today.
Ratan Tata's half-brother Noel Tata has been appointed chairman of Tata Trust, following a board meeting held in Mumbai today.
Noel Tata is the vice chairman of Tata Steel and watch company Titan. His mother Simone Tata, a French-Swiss Catholic who is Ratan Tata's stepmother, is currently chairman of Trent, Voltas, Tata Investment Corporation and Tata International.
Noel Tata has been a key figure in the growth of the Tata Group since joining the company in the early 2000s. He was appointed chairman of Tata Trust today after a meeting of Sir Ratan Tata Trust and Dorabji Tata Trust.
Tata Trust is the umbrella body that manages the functions of all 14 Tata trusts.
Tata Sons' ownership is majority owned by two major trusts: the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, which together account for more than 50 percent of the ownership.
Tata Trust currently has Venu Srinivasan, Vijay Singh and Mehli Mistry as members of its executive committee.
Ratan Tata's younger brother, Jimmy, is not involved in the family business and lives in a modest two-bedroom apartment in Colaba in south Mumbai.
Ratan Tata was born in 1937 into a traditional Parsi family and was raised by his grandmother after his parents, Naval and Sooni Tata, divorced when he was 10.
Post a comment
