Noel Tata Explained

Noel Tata
Birth Name:Noel Naval Tata
Citizenship:Irish
Education:University of Sussex, INSEAD
Occupation:Chairman, Trent Ltd, Voltas Ltd
Managing director, Tata Group
Parents:Naval Tata
Simone Tata
Spouse:Aloo Mistry
Relatives:Pallonji Mistry (father-in-law)

Noel Naval Tata (born 1957) is an Indian-born Irish businessman, who is the chairman of Trent and Tata Investment Corporation, the managing director of Tata International, and the vice chairman of Titan Company and Tata Steel.[1]

Early life

Part of the Tata family, he is the son of Naval Tata and Simone Tata. He is the half-brother of the ex-chairman of Tata Group, Ratan Tata and Jimmy Tata.

Tata earned a bachelor's degree from the University of Sussex, and attended the International Executive Programme at INSEAD business school in France.[2]

Career

He began his career at Tata International, the Tata Group's arm for the products and services offered abroad. In June 1999, he became the managing director of the Group's retail arm Trent, which was founded by his mother. By this time, Trent had acquired the department store Littlewoods International and changed its name to Westside. Tata developed Westside, turning it into a profitable venture. In 2003, he was appointed the director of Titan Industries and of Voltas.

In 2010-2011 it was announced that Tata was to become managing director of Tata International, the company dealing with the overseas business of the $70 billion conglomerate, raising speculation that he was being groomed to succeed Ratan Tata as the head of the Tata Group.[3] [4] However, in 2011 his brother-in-law Cyrus Mistry was announced as the successor to Ratan Tata.[5] In October 2016, Cyrus Mistry was removed as the chairman of Tata Sons and Ratan Tata took over as the chairman of the group for four months until February 2017.[6] He was made vice chairman of Titan Company in 2018, and in February 2019 was inducted onto the board of the Sir Ratan Tata Trust.[7] On 29 March 2022, he was appointed vice chairman of Tata Steel.[1]

Personal life

He is married to Aloo Mistry, the daughter of Pallonji Mistry, who was the single largest shareholder in Tata Sons (the Tata Group's holding company).[8]

He is an Irish citizen.[9] [10]

Notes and References

  1. News: Dutt. Ishita Ayan. 29 March 2022. Tata Steel board approves appointment of Noel Naval Tata as vice-chairman. Business Standard.
  2. News: Carvalho . Brian . Layak . Suman . The Other Tata . 1 February 2019 . Business Today . 1 November 2009.
  3. Web site: Noel Tata to be Tata International MD . https://web.archive.org/web/20191225104218/http://business.rediff.com/report/2010/jul/29/noel-tata-to-become-tata-international-md.htm . 2019-12-25 . 2010-07-29 . Rediff.com . PTI .
  4. News: Is Noel Tata being groomed to succeed Ratan Tata? . 30 July 2010 . ET Bureau . The Times of India . 30 May 2018 .
  5. News: Cyrus P. Mistry is Ratan Tata's heir apparent . . 24 November 2011 . 24 November 2011 .
  6. News: Big shakeup! Cyrus Mistry removed as Tata Sons chairman, Ratan Tata steps in. 24 October 2016. Economic Times. Benette, Coleman & Co. Ltd. 24 October 2016.
  7. News: Vijayaraghavan . Kala . John . Satish . Venkataramanan quits Tata Trusts; Noel joins Ratan Tata Trust . 19 June 2020 . The Economic Times . 14 February 2019.
  8. Web site: How next gen scions Leah, Maya and Neville are working their way up in Tata Group companies. Kala. Vijayraghavan. Megha. Mandavia. 26 August 2018. 26 August 2018. The Economic Times.
  9. News: Noel Tata joins two Tata trusts as trustee, signalling succession planning . 21 June 2024 . Moneycontrol.
  10. Web site: Cyrus Mistry's Irish citizenship was a sore point for the Tatas. Satish. John. Kala. Vijayraghavan. 10 January 2020. The Economic Times.