Noel Tata
Irish businessman (born 1957)
Noel Tata | |
|---|---|
 Tata in 2013 | |
| Born | Noel Naval Tata 1957 (age 66–67) |
| Citizenship | Irish |
| Education | University of Sussex |
| Occupation(s) | Chairman, Trent Ltd, Voltas Ltd Managing director, Tata Group |
| Spouse | Aloo Mistry |
| Parent(s) | Naval Tata Simone Tata |
| Relatives | Pallonji Mistry (father-in-law) |
Noel Naval Tata (born 1957) is an Irish businessman, who is the chairman of Trent and Tata Investment Corporation, the managing director of Tata International, and the vice chairman of Titan Company and Tata Steel.[1]
Early life
Part of the Tata family, he is the son of Naval Tata and Simone Tata.[2] He is the half-brother of the ex-chairman of Tata Group, Ratan Tata[2] and Jimmy Tata.
Tata earned a bachelor's degree from the University of Sussex, and attended the International Executive Programme at INSEAD business school in France.[2]
Career
He began his career at Tata International, the Tata Group's arm for the products and services offered abroad. In June 1999, he became the managing director of the Group's retail arm Trent, which was founded by his mother. By this time, Trent had acquired the department store Littlewoods International and changed its name to Westside. Tata developed Westside, turning it into a profitable venture. In 2003, he was appointed the director of Titan Industries and of Voltas.
In 2010-2011 it was announced that Tata was to become managing director of Tata International, the company dealing with the overseas business of the $70 billion conglomerate, raising speculation that he was being groomed to succeed Ratan Tata as the head of the Tata Group.[3][4] However, in 2011 his brother-in-law Cyrus Mistry was announced as the successor to Ratan Tata.[5] In October 2016, Cyrus Mistry was removed as the chairman of Tata Sons and Ratan Tata took over as the chairman of the group for four months until February 2017.[6] He was made vice chairman of Titan Company in 2018, and in February 2019 was inducted onto the board of the Sir Ratan Tata Trust.[7] On 29 March 2022, he was appointed vice chairman of Tata Steel.[1]
Personal life
He is married to Aloo Mistry, the daughter of Pallonji Mistry, who was the single largest shareholder in Tata Sons (the Tata Group's holding company).[8]
He is an Irish citizen.[9]
References
- ^ a b Dutt, Ishita Ayan (29 March 2022). "Tata Steel board approves appointment of Noel Naval Tata as vice-chairman". Business Standard.
- ^ a b c Carvalho, Brian; Layak, Suman (1 November 2009). "The Other Tata". Business Today. Retrieved 1 February 2019.
- ^ "Noel Tata to be Tata International MD". Rediff.com. PTI. 29 July 2010. Archived from the original on 25 December 2019.
- ^ ET Bureau (30 July 2010). "Is Noel Tata being groomed to succeed Ratan Tata?". The Times of India. Retrieved 30 May 2018.
- ^ "Cyrus P. Mistry is Ratan Tata's heir apparent". The Hindu. 24 November 2011. Retrieved 24 November 2011.
- ^ "Big shakeup! Cyrus Mistry removed as Tata Sons chairman, Ratan Tata steps in". Benette, Coleman & Co. Ltd. Economic Times. 24 October 2016. Retrieved 24 October 2016.
- ^ Vijayaraghavan, Kala; John, Satish (14 February 2019). "Venkataramanan quits Tata Trusts; Noel joins Ratan Tata Trust". The Economic Times. Retrieved 19 June 2020.
- ^ Vijayraghavan, Kala; Mandavia, Megha (26 August 2018). "How next gen scions Leah, Maya and Neville are working their way up in Tata Group companies". Retrieved 26 August 2018 – via The Economic Times.
- ^ John, Satish; Vijayraghavan, Kala (10 January 2020). "Cyrus Mistry's Irish citizenship was a sore point for the Tatas" – via The Economic Times.
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subsidiaries
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- Tata AIA Life Insurance (74%)
- TATA AIG (74%)
- Tata Cliq
- Tata Hitachi Construction Machinery (40%)
- Tata Starbucks (50%)
- Vistara (51%)
holdings
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