Noel Tata appointed chairman of Tata Trusts: Report
Oct 11, 2024 02:13 PM IST
Noel Tata has been appointed as the chairman of Tata Trusts, succeeding his late half brother Ratan Tata, CNBC-TV18 reported.
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.
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.
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.
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.
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