Noel Tata succeeds Ratan, appointed chairman of Tata Trusts

Noel Tata, the half-brother of late Ratan Tata, will be the next chairman of Tata Trusts. The 67-year-old Noel was chosen to lead the trusts, which collectively own Tata Sons, in a meeting on Friday held in Mumbai.Noel is already a trustee in the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust which together own 66% of Tata Sons, the holding company of the diversified salt-to-software Tata Group.Noel has been associated with the Tata group for over 40 years. He currently serves on the Board of various Tata Group Companies, including as the Chairman of Tata International Limited, Voltas & Tata Investment Corporation and as the Vice Chairman of Tata Steel and Titan Company Limited.
As per reports, There was a strong consensus among the Parsi community to put someone with a Tata surname as the successor and Noel was a unanimous choice. At present, Tata Trusts have two key people - Venu Srinivasan of TVS and former defence secretary Vijay Singh - as vice-chairmen since 2018.Tata Trust is the umbrella body that manages functions of all 14 Tata trusts.Ratan Tata's younger brother, Jimmy, is not involved in the family business and lives in a modest two-bedroom apartment in south Mumbai's Colaba.