Noel Tata steps into Ratan Tata's shoes, appointed chairman of Tata Trusts
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A low-profile Noel Tata has been at the Tatas for 40 years. It is said his appointment marks a continuity of the role of the Tatas visa-a-vis the 150-year old brand. Noel's son Neville Tata and daughters Leah Tata and Maya Tata, currently involved in Tata Group companies, could carry the torch further forward into next generations.
Noel Tata is the half-brother the late Ratan Tata.
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MUMBAI, Oct 11: Noel Tata was appointed as chairman of Tata Trusts, succeeding
his half-brother the late Ratan Tata, at a Trusts meeting on Friday. The iconic
industrialist Ratan Tata, who was also chairman emeritus of the Tata Sons, passed
away at the age of 86 on Wednesday. Ratan Tata was not married and had not named
a successor.
He has been at the Tatas for 40 years. It is said his appointment marks a continuity
of the role of the Tatas visa-a-vis the 150-year old brand. Noel's son Neville
Tata and daughters Leah Tata and Maya Tata, currently involved in Tata Group
companies, could carry the torch further forward into next generations. Noel,
67, had graduated from Sussex University (UK).
Noel Tata is the son of Naval H Tata and Simone Tata. He is married to Aloo
Mistry, daughter of Pallonji Shapoorji Mistry and sister of Cyrus Mistry. The
Shapoorji Pallonji group holds 18.3 per cent stake in Tata Sons.
Mehli Mistry, a board trustee for the two main Tata charities and cousin brother
of the late Cyrus Mistry who ruled the Tatas for a brief period and was ousted,
was the other name floated before the Trusts' Friday meeting which chose Noel.
Mehli was a Ratan Tata supporter.
Tata Trusts owns 66% of Tata Sons, the holding company of a series of verticals
of the Tata Group. Tata Trusts has two vice chairmen: Venu Srinivasan and Vijay
Singh. A second holding company has the industries under its umbrella.
Natarajan Chandrasekaran is Tata Sons and Tata Group chairman.
The Tata empire
Tata Sons is the investment holding company of the Tata group. The Tata group
comprises over 100 operating companies in seven business sectors: communications
and information technology (IT), engineering, materials, services, energy, consumer
products and chemicals. The group has operations in more than 100 countries
on six continents. Its companies export products and services to 150 countries.
Total revenue was $107 billion in 2014-15, with 67% coming from business outside
India. Tata companies employ over 10,28,000 people worldwide. (A World Economic
Forum article).
Founded over 150 (since 1868) years ago, the history of Tata group embodies,
in many ways, the history of entrepreneurship, philanthropy and compassionate
capitalism in India, the Tata website says.
As a 29-year-old, Jamsetji Tata set up a trading firm in 1868. Today, from
consumer products to aerospace, the group is present in ten business verticals.
66% of Tata Sons is owned by trusts. The Tata Trusts promote education, health,
culture and livelihood initiatives. It registered more than $165 billion in
revenues in 2023-24. The combined market cap of Tata companies was $365 billion
as on March 31, 2024, according to official data. Bombay House in Mumbai is
the headquarters of the Tata group.
Ratan Tata joined the Tata group in 1962. In 1981, he was named Chairman of
Tata Industries, the group’s other holding company. He became chairman of Tata
Sons, the primary holding comapny, in 1991, when JRD Tata retired. After retirement
on December 28, 2012, he was conferred the honorary title of Chairman Emeritus
of Tata Sons. Thereafter the late Cyrus Mistry became the chairman of Tata Sons
for a short period. Ratan Tata was back again as chairman, after a legal battle
with Mistry. Tata Sons board amended its Articles of Association (AoA) in 2022
to rule that the same person cannot be chairman of both Tata Trusts and Tata
Sons at the same time. Then Natarajan Chandrasekaran was made Tata Sons chairman
and Ratan Tata continued at Tata Trusts and also as Chairman Emeritus of Tata
Sons till death.
Who is Noel Tata
Jamsetji Tata, who founded the company 150 years ago, had three children: Sir
Dorabji Tata, Dhunbai Tata and Sir Ratan Tata. Sir Ratan Tata married Navajbai
Sett. They had no children. They adopted Naval H Tata as son. Naval H Tata married
Sonoo Commissariat. They had two sons - Ratan N Tata and Jimmy N Tata. Naval
and Sonoo divorced after Ratan Tata was born. Ratan Tata was adopted by his
grandmother, Nawazbai Tata. Later Naval married Simone Dunoyer (Swiss). Their
son is Noel Tata. (Noel's son Neville Tata and daughters Leah Tata and Maya
Tata are currently involved in Tata Group companies.) Therefore, Noel is Ratan
Tata's half-brother.
This is one branch of the Tata lineage, but not necessarily
a blood line. The other branch constitutes JRD Tata (Jehangir Ratanji Dadabhoy
Tata) who handed over the empire to Ratan Tata in 1991 and JRD Tata's father
Ratanji Dadabhoy Tata, whose uncle was Jamsetji Tata, the founder. Ratanji Dadabhoy
Tata married a French lady Suzanne RD Tata, later called Sooni (JRD Tata's mother).
Noel Tata is married to Aloo Mistry, daughter of Pallonji Shapoorji Mistry and sister of Cyrus Mistry. The Shapoorji Pallonji group holds 18.3 per cent stake in Tata Sons.
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SELECTIONS FROM OUR ARCHIVES |
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Top Govt officer thrashed, kicked inside Bhubaneswar office: Incident sparks a debate
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The incident has triggered a debate on social media whether the officer refused to take orders from a party leader or he was accused of any corruption, some netizens justifying the handling in either case, that Ratnakar was blocking public welfare work! It is true the Govt machinery has been the enemy Number One of the people of this country, existing for itself and for these politicians, for well over seven decades. India will never make an inch of progress - real progress, not make-believe-progress - unless and until this machinery is eliminated.
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Udhampur-Srinagar-Baramulla line brings Kashmir Valley on India's rail map |
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- The saying 'Kashmir to Kanyakumari' is now a dream come true.
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Work done, Elon Musk steps down from DOGE, leaves White House | |
Musk wrote: "My scheduled time as a Special Government Employee comes to an end... The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government." Now on it will be on auto-pilot.
PROGNOSIS: DOGE was prematurely born to protect the country by aborting an impending socio-economic disaster which very few people could see coming.
Although its immediate job was to save American taxpayers billions by slashing waste, eliminating fraud, cutting Government bloat and ensuring utmost efficiency in administration for the good of the people.
(Today's headlines )
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Ailing Asiatic lion Pataudi too dies of bird flu at Kanpur zoo
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Originally from Junagadh, Gujarat, Pataudi was relocated to Etawah Lion Safari in September 2019 before being transferred to Gorakhpur Zoo in 2021. Recently it was receiving treatment for pancreatic and liver infections. After tigress Shakti died in the zoo on May 7 due to bird flu, Pataudi was shifted to Kanpur. Some birds are also reported to have died mysteriously around Gorakhpur. All zoos in UP are closed for fear of a bird flu outbreak.
Three other animals too had died - a tiger, a leopardess and a female wolf. Wolf Bhairavi died last Saturday, leopardess Mona died the Thursday before that and tiger Kesari died on March 30. Some of them had Shakti's symptoms but the cause of death has not been confirmed yet.
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48 tourist destinations closed in Kashmir following Pahalgam terror attack
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As tourist inflow is an indicator of normalcy returning to an erstwhile terrorist infested Valley, the Government has been trying hard to make everything travel-friendly, launching lot many projects and bringing Kashmir on the national rail map that physically completes the process of Kashmir's integration with the rest of India. And that defeats the designs of Pakistan eyeing Kashmir and simply explains a recrudescence of terrorism in J&K.
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Trump slaps ‘kind’, ‘reciprocal’ tariffs on trading partners; a 'lenient' 26% on India!
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What motivated Trump's newfound policy, apart from being a stunt to justify his existence in the White House, is a false realisation that increased tariff will make foreign goods prohibitive, thereby boosting local production, and create more jobs, and more prosperity will ring in! If that is true, India would have been shining by now: Producing own Rolls-Royce La Rose Noire Droptail and Scotch Whiskies! And what about coconut and palm oil by America!
(Today's headlines )
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Trump signs order to shut Education Dept - And the contrast with India
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In India the scene is just the opposite. Centralisation is the core agenda and identity of the ruling dispensation without which it has no existence, or in other words, it exists for that set of schemes only. A realisation of this never dawned upon any Opposition party in 2014 or any time thereafter, what to talk of being able to see it coming 70 years ago! The consequence of all this violation of basic natural law of the universe we cannot predict.
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All 80k health workers in US offered $25,000 voluntary buyout: Administering wrong prescriptions!
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The terminations are part of a large-scale exercise going on all across Fed departments and organisations to reduce wasteful Government expenditure as decided by a Trump in a mess gone berserk, and improve administrative efficiency following the whims of billionaire and his associate Elon MusK and his DOGE. It has not been shared how terminations are going to raise the efficiency bar! It looks like Trump has stolen some of the prescriptions meant for India. But the American problems are quite different.
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