Official financial disclosures or announcements from Tata Trusts or Tata Sons

Noel Tata Unanimously Appointed Chairman of Tata Trusts Following Ratan Tata's Passing on October 9, 2024

Oct 11, 2024, 08:20 AM

Noel Tata has been unanimously appointed as the chairman of Tata Trusts following the passing of his half-brother, Ratan Tata, on October 9, 2024. The board meeting of Tata Trusts convened earlier today to discuss the succession plan, resulting in Noel Tata's election to the position. Previously, Noel Tata has held significant roles within the Tata Group, including his leadership of Trent, which has grown into a ₹1,000 crore firm. His appointment signifies a continuation of the Tata legacy, with his children also positioned on key philanthropic boards. The Tata Trusts are a major philanthropic entity, holding a 66% stake in Tata Sons, the holding company of the Tata Group. The announcement comes amid discussions regarding the future direction of the Tata Trusts and its initiatives.