Noel Tata Appointed To Tata Sons Board, Marks First Dual Role In Over A Decade

Noel Tata’s appointment is particularly notable as he became the first family member since 2011 to hold board positions at both Tata Trusts and Tata Sons

He joined Trent, the group's retail arm, in 2014, where he spearheaded an impressive transformation, growing revenue by 430 per cent over a decade

Source : PTI

Noel Tata was appointed to the board of Tata Sons on Friday, November 1, in a significant move within the Tata Group. This appointment follows his recent elevation to the chairman of Tata Trusts, the controlling entity of Tata Sons. The decision was made via an online resolution during a virtual Tata Sons board meeting held on the eve of Diwali, according to The Economic Times report citing sources.

Noel Tata’s appointment is particularly notable as he became the first family member since 2011 to hold board positions at both Tata Trusts and Tata Sons. Given that the Tata Trusts control a 66 per cent stake in Tata Sons, this dual role marks the beginning of a new chapter of stronger family oversight in the management of the vast Tata conglomerate.

Noel Tata, 67, the half-brother of the late Ratan Tata, has long been recognised for his sharp business acumen and leadership in driving the growth of Tata Group’s retail and investment ventures. As chairman of Trent and Voltas and vice-chairman of Titan and Tata Steel, Noel Tata has played a key role in expanding the group’s retail and consumer-facing sectors.

He joined Trent, the group's retail arm, in 2014, where he spearheaded a remarkable transformation, growing revenue by 430 per cent over a decade. His leadership at Voltas since 2017 has also been marked by impressive growth, with the company’s revenue doubling and its stock price soaring nearly 300 per cent.

Ratan Tata passed away recently, leaving behind a legacy of prudence and growth, having served as both chairman of Tata Sons and chairman emeritus of Tata Trusts. His leadership principles are expected to continue guiding the group, with Tata Trusts holding the right to nominate a third of Tata Sons' board members, as outlined in the Articles of Association. 

The Tata Sons board, now consisting of nine directors, includes two executive directors, three non-executive directors, and four independent directors. In addition to Noel Tata, the board also features Tata Trusts' nominees, such as TVS Chairman Emeritus Venu Srinivasan and former defence ministry official Vijay Singh. Together with industrialist Mehli Mistry, they form the executive committee of Tata Trusts, which plays a crucial role in shaping the direction of Tata Sons.