A new sun has risen in the Tata Group. The rise of Noel Tata is a phenomenon that has become a topic of discussion in the Indian industry. After the death of Ratan Tata, his half-brother Noel Tata was elected as the new chairman of Tata Trusts. This decision is important not only for the Tata family but for the entire business world of the country. The story of the Tata Group is very old. It was started by Jamsetji Nasirwanji Tata in 1868. Today this group is spread all over the world. It has more than 100 companies operating in more than 100 countries. The market value of this huge empire is about Rs 34 lakh crore. Leading such a huge empire is not an easy task.
Noel Tata is the new chairman of Tata Trusts
Noel Tata’s rise is proof that he is ready for this responsibility. Noel Tata, 67, is now the new chairman of Tata Trusts. The trust holds 66 percent stake in Tata Sons. This means that Noel Tata has now become the most powerful person in the Tata Group. It can be a little difficult to understand the Tata Group. These include Tata Sons, Tata Group, and Tata Trusts. Let’s try to understand them.
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Tata Sons is the parent company of Tata Group
More than 100 companies operate under it. Tata Sons owns most of the group’s assets. This includes land, tea plantations, and steel factories. Tata Sons earns most of its revenue from dividends and brand endorsements.
Tata Group is a large business conglomerate
This includes a variety of businesses. Such as making cars and steel, providing software services, selling tea, and running hotels. Tata Group companies operate in India as well as in other countries.
Tata Trusts is an organization that works for the welfare of society
It consists of 14 different trusts. These trusts work in areas like art, culture, education, health, and employment. Tata Trusts holds a 66 percent stake in Tata Sons. This means that Tata Trusts holds control over Tata Sons. There are two main trusts in Tata Trusts: Sir Ratan Tata Trust and Sir Dorabji Tata Trust. The two together hold a 52 percent stake in Tata Sons. The rest of the trusts together hold a 14 percent stake. This takes the total stake of Tata Trusts to 66 percent.
The new leadership in the Tata Group is now in the hands of Noel Tata. As chairman of Tata Trusts, he will have a lot of control over Tata Sons. However, it is important to remember that Noel Tata himself does not own 66 percent shares of Tata Sons. These shares are in the name of the trust. Noel Tata has his personal stake separately.
As per the rules of the Tata Group, the two main trusts can appoint one-third of the directors on the board of Tata Sons. In addition, they also have the right to appoint or remove all directors. This control was given in 2012 when Ratan Tata made changes in the rules while retiring from the post of chairman. It will be interesting to see what the future holds for the Tata Group under Noel Tata. He has a huge business empire. This is not so only in India but across the world. Noel Tata’s decisions will impact the Indian economy and the lives of millions of people.
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