Noel Tata joins board of Tata Sons, A Significant Event for Tata Family
Noel Tata joins board of Tata Sons, A Significant Event for Tata Family
Noel Tata, step-brother of Ratan Tata has been appointed to the board of Tata Sons, marking the first time since 2011 that a member of the Tata family has held positions on both boards simultaneously.
Noel Tata has recently assumed the position of chairman of Tata Trusts and has also been designated as a nominee director on the board of Tata Sons. This marks a noteworthy milestone, as it is the first time since 2011 that a member of the Tata family has occupied roles on both boards concurrently.
Noel Tata has been appointed to the board of Tata Sons, the holding entity of the Tata Group, as a representative of Tata Trusts. This appointment follows his recent elevation to the position of chairman of Tata Trusts last month, succeeding the late Ratan Tata.
Noel Tata has played a crucial role in steering the Tata Group towards success. His strategic foresight, combined with a profound comprehension of the group’s diverse operations, has positioned him as a crucial figure since taking on the role of chairman at Trent in 2014, he has successfully propelled the retail division’s revenue by an impressive 430 percent, achieving ₹12,375 crore by FY24.
Noel Tata, the son of Naval Tata and Ratan Tata’s brother, has a profound affiliation with the Tata family. His significant business acumen and leadership positions across multiple Tata enterprises positioned him as a fitting successor to Ratan Tata at the Tata Trusts.
Noel Tata earned his degree from Sussex University in the United Kingdom and subsequently pursued the International Executive Programme (IEP) at INSEAD, a prestigious global business institution.
He serves on the boards of numerous Tata companies, including Tata Trusts, and is now poised to take on a leadership role in its charitable initiatives.
He holds the position of chairman at Tata International Limited, Voltas, and Tata Investment Corporation, while also serving as vice-chairman at Tata Steel and Titan Company Limited.
Additionally, he leads Tata’s extensive apparel retail division, Trent Limited, which has experienced significant growth under his leadership since 2014.
From 2010 to 2021, Noel Tata led Tata International, the group’s global trading and distribution company, overseeing a remarkable increase in revenue from $500 million to more than $3 billion during his tenure.
As the Managing Director of Tata International Limited, Noel significantly contributed to the remarkable growth of the company’s revenue, increasing it from $500 million to more than $3 billion during the period from 2010 to 2021.
Noel Tata has played a crucial role in steering the Tata Group towards success. Since taking on the role of chairman at Trent in 2014, he has successfully propelled the retail division’s revenue by an impressive 430 percent, achieving ₹12,375 crore by FY24.
Likewise, as chairman of Voltas since 2017, he has overseen a doubling of the company’s revenue, which now stands at ₹12,481 crore.
