Noel Tata Appointed Chairman of Tata Trusts, Overseeing $165 Billion Empire After Ratan Tata's Passing on October 9, 2024

Oct 11, 2024, 08:41 AM

Noel Tata has been unanimously appointed as the chairman of Tata Trusts, succeeding his half-brother Ratan Tata, who passed away on October 9, 2024. The decision was made during a board meeting of Tata Trusts held today. Noel Tata, who has a significant background in the Tata Group, is currently the chairman of Trent and has served in various leadership roles within the conglomerate. His appointment comes as the Tata Trusts, which control a 66% stake in Tata Sons, look to continue the legacy of philanthropy established by Ratan Tata. In his first statement, Noel expressed his honor and commitment to uphold the values and responsibilities associated with the role. The Tata Trusts are a collective of charitable organizations that play a crucial role in the Tata Group's operations and social initiatives.