Former Tata Sons & Tata Trust chairman Ratan Tata passed away at the age of 86 on Wednesday night at around 11:30 pm. After Ratan Tata’s departure, the question arises who will now take over the legacy of Tata Group? The question also arises because Ratan Tata did not appoint his successor.
At present, the chairman of the group’s largest company Tata Sons is N Chandrasekaran, but above this is Tata Trust, which is headed by members of the Tata family. Before his death, Ratan was the head of Tata Trust.
The importance and size of Tata Trust can be understood in this way it is a group of charitable institutions of Tata Group, which holds a 66% stake in Tata Group with a revenue of Rs 13 lakh crore. Sir Dorabji Tata Trust and Sir Ratan Tata Trust, which come under it, have a 52% stake in Tata Sons.
Ratan was the chairman of both Tata Sons & Tata Group
In the history of the Tata Group, Ratan Tata was the last person who played the role of chairman of both Tata Sons and Tata Trust. The company’s Articles of Association were amended in 2022, which prohibited the same person from holding both posts. This was done to bring about a change in the structure of governance.
Younger brother Jimmy Tata retired about 25 years ago
Ratan Tata’s younger brother Jimmy Tata lives in Mumbai, but he retired in the 90s. However, he holds shares in Tata Sons companies. He too did not marry like Ratan and after retirement, he lives in a 2-bedroom flat.
Jimmy Tata has been keeping 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 fewer chances of him being handed over the command of Tata Trust.
Noel’s children Leah, Maya, and Neville are working in companies
Noel Naval Tata’s children Leah, Maya, and Neville are working in the company like other professionals. The eldest daughter Leah Tata has obtained a master’s degree in marketing from Spain.
In 2006, she joined Taj Hotels Resorts and Palaces as Assistant Sales Manager. Currently, she is working as Vice President of The Indian Hotels Company Limited.
Younger daughter Maya Tata joined the group’s financial services company Tata Capital as an analyst. While her brother Neville Tata started his professional journey in Trent.
Founded in 1868- Products are a part of our lives from morning to evening.
Tata Group was founded by Jamsetji Tata in 1868. It is India’s largest multinational company, its 30 companies in 10 different businesses do business in more than 100 countries of the world. Currently, N Chandrasekaran is its chairman.
Tata Sons is the principal investment holding and promoter of Tata Companies. 66% of the equity share capital of Tata Sons is held by Tata’s charitable trust, which works for education, health, art and culture, and livelihood generation.
The total revenue of all the companies of Tata Group in 2023-24 was Rs 13.86 lakh crore. It provides employment to more than 10 lakh people. Its products are involved in our life from morning to evening. It provides everything from tea leaves to watches, cars, and entertainment services.
