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Noel Tata

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Noel Tata
Tata in 2013
Born
Noel Naval Tata

1957 (age 66–67)
CitizenshipIrish
EducationUniversity of Sussex,INSEAD
Occupation(s)Chairman, Trent Ltd, Voltas Ltd
Managing director,Tata Group
SpouseAloo Mistry
ChildrenMaya Tata
Parent(s)Naval Tata
Simone Tata
RelativesPallonji Mistry(father-in-law)

Noel Naval Tata(born 1957) is an Indian-born Irish businessman, who is the chairman ofTrentandTata Investment Corporation,the managing director ofTata International,and the vice chairman ofTitan CompanyandTata Steel.[1]

Early life

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Part of theTata family,he is the son ofNaval TataandSimone 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 theUniversity of Sussex,and attended the International Executive Programme atINSEADbusiness school in France.[2]

Career

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He began his career atTata 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 armTrent,which was founded by his mother. By this time, Trent had acquired the department store Littlewoods International and changed its name toWestside.Tata developed Westside, turning it into a profitable venture. In 2003, he was appointed the director ofTitan Industriesand ofVoltas.

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 theTata Group.[3][4]However, in 2011 his brother-in-lawCyrus Mistrywas announced as the successor to Ratan Tata.[5]In October 2016,Cyrus Mistrywas removed as the chairman ofTata SonsandRatan Tatatook over as the chairman of the group for four months until February 2017.[6]He was made vice chairman ofTitan Companyin 2018, and in February 2019 was inducted onto the board of theSir Ratan Tata Trust.[7]On 29 March 2022, he was appointed vice chairman ofTata Steel.[1]

Personal life

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He is married to Aloo Mistry, the daughter ofPallonji Mistry,who was the single largest shareholder in Tata Sons (the Tata Group's holding company).[8]

He is an Irish citizen.[9][10]

References

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  1. ^abDutt, Ishita Ayan (29 March 2022)."Tata Steel board approves appointment of Noel Naval Tata as vice-chairman".Business Standard.
  2. ^abcCarvalho, Brian; Layak, Suman (1 November 2009)."The Other Tata".Business Today.Retrieved1 February2019.
  3. ^"Noel Tata to be Tata International MD".Rediff.com.PTI. 29 July 2010. Archived fromthe originalon 25 December 2019.
  4. ^ET Bureau (30 July 2010)."Is Noel Tata being groomed to succeed Ratan Tata?".The Times of India.Retrieved30 May2018.
  5. ^"Cyrus P. Mistry is Ratan Tata's heir apparent".The Hindu.24 November 2011.Retrieved24 November2011.
  6. ^"Big shakeup! Cyrus Mistry removed as Tata Sons chairman, Ratan Tata steps in".Benette, Coleman & Co. Ltd. Economic Times. 24 October 2016.Retrieved24 October2016.
  7. ^Vijayaraghavan, Kala; John, Satish (14 February 2019)."Venkataramanan quits Tata Trusts; Noel joins Ratan Tata Trust".The Economic Times.Retrieved19 June2020.
  8. ^Vijayraghavan, Kala; Mandavia, Megha (26 August 2018)."How next gen scions Leah, Maya and Neville are working their way up in Tata Group companies".Retrieved26 August2018– via The Economic Times.
  9. ^"Noel Tata joins two Tata trusts as trustee, signalling succession planning".Moneycontrol.Retrieved21 June2024.
  10. ^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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