Tata Group Chairman Ratan Tata died at the age of 86 at around 11:30 pm on Wednesday night. After the departure of Ratan Tata, the question arises who will take care of the Tata Group now? The question is because Ratan Tata was not married so he did not have any children and Ratan Tata had not appointed his successor.
At present, N Chandrasekaran is the chairman of Tata Sons, the largest company of the group, but above this is Tata Trust, which has been headed by the members of the Tata family. Till his death, Ratan was the head of Tata Trust.
Chairman of both Tata Sons and Tata Trust
In the history of Tata Group, Ratan Tata was the last person who was the chairman of both Tata Sons and Tata Trust companies. The company’s Articles of Association were amended in 2022, prohibiting the same person from holding both positions. This was done to bring changes in the structure of governance.
Younger Brother jimmy Tata
Ratan Tata also has a younger brother whose name is Jimmy Tata. He lives in Mumbai, but he took retirement in the 90s. Although he holds shares in Tata Sons companies. Like Ratan, he too did not marry and after retirement, he lives in a 2 bedroom flat. Jimmy Tata has stayed away from active business for more than 25 years. He is also not associated with Tata’s new business. In such a situation, there are little chances of him being handed over the command of Tata Trust.
Brother Noel Tata Chairman
Ratan Tata’s half-brother Noel Tata is a strong contender to carry forward the Tata legacy due to his family connections and involvement in several of the group’s companies. Naval and Simon Tata’s son, Noel Trent, is chairman of Voltas, Tata Investments and Tata International. Vice Chairman of Tata Steel and also on the board of Sir Ratan Tata Trust.
Noel Naval Tata’s children Leah, Maya and Neville are working in the company like other professionals. Eldest daughter Leah Tata holds a master’s degree in marketing from Spain.
In 2006, he joined Taj Hotels Resorts and Palaces as Assistant Sales Manager. Currently working as Vice President in The Indian Hotels Company Limited.
Younger daughter Maya Tata had joined the group’s financial services company Tata Capital as an analyst. While his brother Neville Tata started his professional journey at Trent.
Tata Group Companies
Tata Group was established by Tata in 1868. It was India’s largest multinational company and still is, these 30 companies do their business in 10 different businesses in more than 100 countries of the world. Currently N Chandrasekaran is its chairman.
Tata Sons is the primary investment holding and promoter of Tata companies. 66% of the equity share capital of Tata Sons is held by its charitable trust, which works for education, health, art and culture and livelihood generation.
In 2023-24, the total revenue of all companies of Tata Group was RS 13.86 lakh crore. This is a Tata company that provides employment to more than 10 lakh people. Its products are used in our lives from morning to evening. From drinking Tata tea after waking up in the morning to using Tata Binge service on television, and using countless products made from Tata Steel.
