Power of Tata Trusts: Noel Tata's Leadership Explained
At 67, Noel will lead Tata Trusts, which owns 66% of Tata Sons, making him very powerful in the Tata business, worth Rs 34 lakh crore.
At 67, Noel will lead Tata Trusts, which owns 66% of Tata Sons, making him very powerful in the Tata business, worth Rs 34 lakh crore.
Noel Tata, Ratan Tata's half-brother, has been chosen as the new Chairman of Tata Trusts after Ratan Tata passed away on October 9, 2024, at 86 years old.
At 67, Noel will lead Tata Trusts, which owns 66% of Tata Sons, making him very powerful in the Tata business, worth Rs 34 lakh crore.
The Tata Group's History
The Tata Group started in 1868 when Jamshedji Tata bought a failing oil mill for Rs 21,000. It grew into a huge company with over 100 businesses in more than 100 countries, now worth about $403 billion (around Rs 33.7 trillion).
What Are Tata Sons, Tata Group, and Tata Trusts?
Tata Sons is the main company of the Tata Group, which has over 100 businesses. Tata Trusts controls Tata Sons, holding 66% of it.
Tata Trusts is a group of 14 trusts that focus on charity work in areas like education and health.
The two biggest trusts—Sir Ratan Tata Trust and Sir Dorabji Tata Trust—own 52% of Tata Sons.
Who Are the Trustees?
Tata Trusts has 13 trustees, including important people like Former Defense Secretary Vijay Singh and TVS Group’s Venu Srinivasan. Noel Tata and others like Mehli Mistry are also trustees.
The Power of Tata Trusts
Tata Trusts is very powerful because it makes important decisions for Tata Sons. It can pick one-third of the directors and decides who to hire or fire. Ratan Tata changed the rules in 2012 to give Tata Trusts more control.
Is Noel Tata the Most Powerful Person?
Yes, Noel Tata, as Chairman of Tata Trusts, has a lot of power over Tata Sons. But he doesn’t personally own the 66% share; it belongs to the trusts
