NEW DELHI: The half-brother of Ratan Tata was appointed on Friday ( Oct 11 ) as the head of the powerful and influential philanthropic arm of India’s Tata group, giving him indirect control of the US$ 165 billion conglomerate.
Tata Trusts said Noel Tata, 67, will be its new president after the suicide this year of Ratan Tata,  , one of India’s best-known corporate titans. The choice followed “many old-timers” in the class wanting him to direct the walk, said one Tata professional.
The family business, Tata Sons, oversees 30 organizations across consumer goods, resorts, cars and airlines and has become a worldwide giant over the years, with companies such as Jaguar Land Rover and Tetley Tea in its stable.
It has partnerships with Starbucks and Airbus in India, including Tata Consultancy Services, Taj Hotels, and Air India.
Tata Trusts has a 66 per cent equity of Tata Sons, giving it strength over great expense, philanthropic and corporate decisions by the company, organization executives said.
Noel Tata, who is half-French, was now one of the numerous governors of Tata Steel’s charitable arm and president of Trent, a well-known retail fashion brand for Tata.
Noel is well-versed in the operation of Tata organizations. In retail, some individuals thought how may Tata compete with the major retailers. Noel has shown it, according to Sanjay Singh, a former professional at Tata Sons who will retire in 2019.
He is classic Tata, despite keeping a low page to prevent the outside world from getting to know him.