look news india
After the death of Ratan Tata, his half brother Noel Tata has been appointed as the new chairman of Tata Trust. Noel Tata will replace Ratan Tata. After becoming the Chairman of Tata Trust, he had said about Tata Trust and Ratan Tata that he is keen to carry forward the legacy of Ratan Tata and the founders of the Tata Group. Noel Tata said that he feels honored and humbled by this responsibility given to him by his fellow trustees.
On his appointment as Chairman of Tata Trusts, Noel Tata said that Tata Trusts, established more than a century ago, has a unique vehicle for social good. We will continue our development and philanthropic initiatives and rededicate ourselves to playing our role in nation building, he said. “I am honored and humbled by my fellow trustees to take on this responsibility,” he said. I look forward to carrying forward the legacy of Ratan Tata and the founders of the Tata Group.
Tata Group is a group with a market cap of around Rs 34 lakh crore. Most of its holding companies are with Tata Sons. Whereas Tata Trust has more than 66 percent stake in Tata Sons. In such a situation, it can be said that Tata Group is owned by Tata Trust and under it the Tata Group is managed. In such a situation, the appointment of Noel Tata to the post of Chairman of Tata Trust is being seen as an important decision.
Who is Ratan Tata's step brother Noel Tata?
Noel Tata is the son of Ratan Tata's father Naval Tata from his second wife Simona Dunoyer. That means he is the step brother of Ratan Tata. According to the information, Noel Tata is the chairman of Tata International Limited, Voltas Limited, Tata Investment Corporation Limited. Apart from this, he is also the Vice Chairman of Tata Steel and Titan Company.