Contents
Noel Tata is an Indian businessman with Irish citizenship. He is the chairman of Trent, Tata Investment Corporation and the vice-chairman of Titan Company. He is also the former managing director of Tata International and stepped down from this position in 2021.
Wiki/Biography
Noel Tata was born in 1957 (age 65 years; as of 2022) in India. He comes from a rich business family and his early life was spent in luxuries. He completed his bachelor’s from the University of Sussex in England and went to INSEAD Business School in France for attending the International Executive Programme.
Family
Noel Tata belongs to a Parsi family.
Parents & Siblings
He is the only son of Naval Tata and Simone Tata (second wife of Naval Tata). His father was a businessman and his mother was a businesswoman. Ratan Tata and Jimmy Tata are his half-brothers.
Wife & Children
Noel Tata got married to Aloo Mistry, the daughter of Pallonji Mistry. The couple has a son named Neville Tata and two daughters named Leah and Maya Tata.
Family Tree
The family tree of Tatas
Click here to know more about the Tata family.
Career
Noel Tata with UN Women to promote gender equality
He started his career by working at Tata International, an entity of Tata offering products and services abroad. In 1999, he became the managing director of Tata International’s retail vertical Trent, founded by his mother. At that time, Trent had just acquired Littlewoods International (department store) and was renamed Westside. Noel worked for the growth of Westside and soon turned it into a profitable venture. Under his leadership, the market value of Trent went up to Rs. 40,000 Crore in 2021 from 3,600 Crore in 2014. He was also appointed as the director of Titan Industries and Voltas in 2003. During 2010- 2011, he became the managing director of Tata International. At that time this company handled the overseas business of a US $ 70 Billion Tata conglomerate. He is also praised for his work for Voltas which has doubled in market valuation from Rs. 18,000 to more than Rs. 40,000. In 2019, he was nominated as a trustee for Tata Trusts and currently he is a trustee of Sir Dorabji Tata Trust and Allied Trusts that control Tata Sons. Noel Tata continued to work under executive roles until November 2021, and stepped down from the positions after turning 65. Presently, he holds several non-executive positions in TATA Group. This includes serving as the chairman of Trent, Voltas, Tata International, Tata Investment Corp and the vice-chairman of Titan.
#LeadStoryOnET | #NoelTata gives up all executive roles, likely to be more active as #TataTrusts #trustee https://t.co/9GS58JeUHv pic.twitter.com/madEZGo26y
— Economic Times (@EconomicTimes) November 23, 2021
Controversies
Speculators believed that he will become the successor of Tata Group after Ratan Tata. But in 2011, Noel’s brother in law, Cyrus Mistry was announced to be Ratan Tata’s successor. However, in 2016, Cyrus was removed from the position and Ratan Tata took hold of the chairmanship. He graced this position for four months and finally stepped down in February 2017.
Facts/Trivia
- Noel Tata’s father was an adopted child of Ratan Ji Tata.
- He is the half brother of former Tata Sons chairman, Ratan Tata.