India News Get -Business Successor to Ratan Tata Group; Christmas Tata | N Chandrasekaran Leah Maya Neville
Ratan Tata, former Chairman of the Tata Group, passed away on Wednesday evening at the age of 86 around 11:30 p.m. After the departure of Ratan Tata, the question arises as to who will now manage the legacy of the Tata group. Question also because Ratan Tata had not designated his successor.
Currently, N Chandrasekaran is the chairman of Tata Sons, the largest company in the group, but above it is Tata Trust, which has been run by the Tata family members. Until his death, Ratan was the head of Tata Trust.
The importance and size of Tata Trust can be understood as it is a group of philanthropic institutions of the Tata Group, which holds 66% stake in the Tata Group with a turnover of Rs 13 lakh crore. Under this, Sir Dorabji Tata Trust and Sir Ratan Tata Trust hold 52% stake in Tata Sons.
Ratan was chairman of Tata Sons and Tata Trust.
Ratan Tata was the last person in the history of the Tata Group to serve as Chairman of Tata Sons and Tata Trust. The company’s statutes were amended in 2022, prohibiting the same person from holding both positions. This was done to bring changes in the governance structure.
His younger brother, Jimmy Tata, retired about 25 years ago.
Ratan Tata’s younger brother Jimmy Tata lives in Mumbai, but he retired in the 90s. Although he owns shares in Tata Sons companies. Like Ratan, he too did not marry and after retirement lives in a 2-bedroom apartment.
Jimmy Tata stayed away from active business for over 25 years. He is also not associated with Tata’s new activities. In such a situation, there is little chance of him being given the leadership of Tata Trust.
Jimmy Tata retired from the group business in the 90s. Although he is a shareholder of Tata Sons.
Half-brother Noel is the strongest candidate for Tata chairman
Ratan Tata’s half-brother Noel Tata is a strong contender to carry on the Tata legacy due to his family ties and involvement in several group companies.
Naval and Simon Tata’s son, Noel Trent, is chairman of Voltas, Tata Investments and Tata International. Vice Chairman of Tata Steel and also a board member of Sir Ratan Tata Trust.
Ratan Tata’s half-brother, Noel Naval Tata, has stakes in many of the group’s companies.
Noel’s children, Leah, Maya and Neville, work in businesses
Noel Naval Tata’s children, Leah, Maya and Neville, work in the business as other professionals. The eldest daughter, Leah Tata, has a master’s degree in Spanish marketing.
In 2006, he joined Taj Hotels Resorts and Palaces as Assistant Sales Director. Currently working as Vice President at The Indian Hotels Company Limited.
The younger daughter, Maya Tata, had joined the group’s financial services firm Tata Capital as an analyst. While his brother Neville Tata started his professional journey at Trent.
Created in 1868: Products present in our lives from morning to evening
The Tata Group was founded by Jamsetji Tata in 1868. It is India’s largest multinational company, its 30 companies across 10 different industries doing business in over 100 countries across the world. Currently, N Chandrasekaran is the president.
Tata Sons is the principal investment holding company and promoter of Tata companies. 66% of the share capital of Tata Sons is held by Tata’s Charitable Trust, which works towards education, health, art, culture and livelihood creation.
The total turnover of all Tata group companies in 2023-24 was Rs 13.86 lakh crore. It provides employment to more than 10 lakh people. Its products are integrated into our lives from morning to evening. The company supplies everything from tea leaves to watches, cars and entertainment services.