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Tata Trusts, which owns a majority stake in Tata Sons, the holding company of the sprawling Tata Group, plays a central role in the group’s governance. Ratan Tata, who led the Trusts and the Group for decades, had not named a successor.
Noel Tata has served on the boards of several Tata Group companies and has been instrumental in the growth of Tata International and Trent.
As the new Chairman of Tata Trusts, Noel Tata will be responsible for guiding the organization’s philanthropic efforts and overseeing its significant investments in various sectors. His appointment marks a new chapter for the Tata Group as it continues to address the challenges and opportunities of the 21st century.
Speaking on the occasion, Noel Naval Tata, Chairman, Tata Trusts, said, “I am deeply honored and humbled by the responsibility entrusted to me by my fellow trustees. I look forward to continuing Mr. Ratan N.’s legacy. Tata and the founders of the Tata group. Founded over a century ago, the Tata Trusts are a unique vehicle for undertaking social good. On this solemn occasion, we recommit to pursuing our development and philanthropic initiatives and continuing to play our role. participate in nation building. »
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First publication: October 11, 2024 | 3:30 p.m. STI