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A handwritten note, penned by Ratan Tata in 1996, addressed to former PM Narasimha Rao.

New Delhi:

In a heartfelt tribute to the late industrialist Ratan Tata, RPG Group Chairman Harsh Goenka shared a picture of a handwritten note, penned by Ratan Tata in 1996, addressed to former Prime Minister PV Narasimha Rao. In a letter, Mr Tata expressed his respect for Mr Rao’s “outstanding achievement” in heralding much-needed economic reforms in India.

Former Prime Minister Narasimha Rao is often called the ‘Father of Indian Economic Reforms’ for changing the face of India’s economy in 1996 and leading it on the path of recovery and transformation.

Lauding Mr Rao for making India, a part of the global community, Mr Tata wrote, “Every Indian should owe you a debt of gratitude for the courageous and far-sighted “opening up” of India.”

The letter serves as a reminder of Mr Tata’s unwavering commitment to India’s progress.

While sharing the letter, Mr Goenka wrote, “Beautiful writing from a beautiful person….”

Read the letter:

August 27, 1996

Dear Mr. Narasimha Rao,

As I read the recent spate of unkind references to you, I felt compelled to write you to tell you that while others’ memories may be short, I will always recognize and respect your outstanding achievement in heralding much-needed economic reforms in India. You and your government put India on the world map in an economic sense and made us part of a global community. Every Indian should owe you a debt of gratitude for the courageous and far-sighted “opening up” of India. I believe personally that your achievements are momentous and outstanding – and they should never be forgotten.

The purpose of this letter is just to tell you that my thoughts and best wishes are with you at this time, and that you can have at least one person who has not, and will never, forget what you have done for India.

With warm personal regards,

Yours sincerely,

Ratan

The letter categorically calls it out as “personal”. It was written on August 27, 1996, on a sheet of paper from Bombay House, the head office of Tata Group.





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Tata Group to create five lakh manufacturing jobs in five years, says chairman Chandrasekaran https://artifexnews.net/article68755475-ece/ Tue, 15 Oct 2024 06:46:19 +0000 https://artifexnews.net/article68755475-ece/ Read More “Tata Group to create five lakh manufacturing jobs in five years, says chairman Chandrasekaran” »

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Workers install the electric motor inside a Tata Nexon electric sport utility vehicle (SUV) at the Tata Motors plant in Pune. File photo
| Photo Credit: REUTERS

Tata Group will create five lakh manufacturing jobs in the next five years across sectors such as semiconductor, electric vehicles, battery and related industries, its Chairman N. Chandrasekaran said on Tuesday (October 15, 2024).

Also read: Ratan Tata (1937-2024): In-depth coverage

Speaking at a symposium of Indian Foundation for Quality Management, the Tata Sons Chairman asserted that India cannot achieve the goals of being a developed nation, if the country cannot create manufacturing jobs.

“… Between our (Tata Group’s) investments in semiconductors, our investment in precision manufacturing, assembly, electric vehicles, batteries and related industries, I think we will create five lakh manufacturing jobs in the next five years,” he said.

Citing the group’s upcoming semiconductor plant in Assam and other new manufacturing units for electric vehicles and battery, he said, “we are setting up a number of plants”.

While he has not got the full details, Mr. Chandrasekaran said based on “basic math”, these jobs will have multiplier effects.

As the ecosystem has to be set up, he said a minimum 5 lakh companies — small, medium-scale companies would also come up in the ecosystem.

‘Viksit Bharat’ goals

He acknowledged the government’s support in these initiatives and stressed on the need for creating jobs in the manufacturing sector.

“We cannot achieve the goals of Viksit Bharat if we cannot create manufacturing jobs, because we all know 1 million people are coming to the workforce every month,” he said.

Mr. Chandrasekaran further said, “We need to create 100 million jobs.” He asserted the significance of new-age manufacturing like semiconductors, which creates eight to ten indirect jobs for every single job created.



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Niira Radia, Ratan Tata: When Stranger’s Tata Indica Praise Brought “Joy” To Ratan Tata: Niira Radia https://artifexnews.net/niira-radia-ratan-tata-when-strangers-tata-indica-praise-brought-joy-to-ratan-tata-niira-radia-6788983rand29/ Mon, 14 Oct 2024 15:50:38 +0000 https://artifexnews.net/niira-radia-ratan-tata-when-strangers-tata-indica-praise-brought-joy-to-ratan-tata-niira-radia-6788983rand29/ Read More “Niira Radia, Ratan Tata: When Stranger’s Tata Indica Praise Brought “Joy” To Ratan Tata: Niira Radia” »

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Niira Radia shared Ratan Tata’s heartwarming encounter with a stranger over Tata Indica.

New Delhi:

A stranger’s praise for Tata Indica car once brought “joy” to Ratan Tata’s face, said Niira Radia, whose company managed public relations for the Tata Group from 2000 to 2012. The compliment came at a time when his company was dealing with a wave of consumer complaints around several product quality issues that cropped up immediately after the launch.

“This gentleman in Dubai came up to him (Ratan Tata) in a mall and said ‘Sir, sir, I have an Indica. And he looked at me thinking someone is going to complain. But the gentleman looked at him and said, ‘No, no, I love your car. It’s lovely. I bought the car and I bought a Tata car. And he shook his hands and he (Ratan Tata) was so happy to hear that and the joy on his face was so amazing,” Ms Radia, a close friend of Ratan Tata, recalled in an exclusive conversation with NDTV Profit.

“And when he walked away, he (Ratan Tata) said to me, ‘See, they like it. The others have a comment but they like it,” said the former chairperson of the defunct company Vaishnavi Corporate Communications.

On its launch, Tata Indica witnessed record bookings but sales soon plummeted after scores of negative feedback during the year 2000-01, with Tata Motors announcing its largest-ever loss of Rs 500 crore that year.

Ms Radia explained the encounter came at a time when there was “still uncertainty” about the car.

“There was still uncertainty about if Indica was going to be a success and there was a lot of… front page headlines on Tata Motors losses,” she said.

In 2001, Tata launched a “new, robust Indica” after eliminating its key quality problems, the company website said. It was launched in the market as Indica V2.





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Niira Radia As Noel Tata Succeeds Ratan Tata At Tata Trusts https://artifexnews.net/same-legacy-niira-radia-as-noel-tata-succeeds-ratan-tata-at-tata-trusts-6788944rand29/ Mon, 14 Oct 2024 15:46:56 +0000 https://artifexnews.net/same-legacy-niira-radia-as-noel-tata-succeeds-ratan-tata-at-tata-trusts-6788944rand29/ Read More “Niira Radia As Noel Tata Succeeds Ratan Tata At Tata Trusts” »

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Noel Tata, late Indian tycoon Ratan Tata’s half-brother, was appointed last week to succeed him as chairman of Tata Trusts, a collective of philanthropic institutions that wield indirect control over the $165 billion Tata Group. Niira Radia, a former aide of Ratan Tata, said the late businessman would have been very happy with the decision as it was unanimous. 

“Ratan would have been very happy with that. He’d be happy that it was unanimous. He always was a man of consensus. It was never a top-down approach with him and that it was unanimous would have made him very happy,” Niira Radia, a former corporate public relations professional, told NDTV about the smooth succession plan in her first media interview in over 12 years.

Ratan Tata, who died Wednesday, is responsible for turning the sprawling family-run Tata Group conglomerate into a global giant.

“It was unanimously decided to appoint Mr. Noel Naval Tata as the Chairman of the various Trusts that constitute the Tata Trusts and also designate him as Chairman,” a press release said.

“His appointment comes into place effective immediately.”

Noel Tata said in a statement that he was “deeply honoured and humbled by the responsibility” and looked forward to carrying on his half-brother’s legacy.

Pressed to answer why she thinks Noel is the right choice, Ms Radia said, “Noel, if I go back, if you look at the legacy whether it was Jamshedji, JRD or Ratan, would carry the same legacy. He comes with the same values, he comes from the same strengths and that’s why it has happened so smoothly and done so quickly. I would believe that Ratan would have wanted the same.”

Ratan Tata was until his death the chairman of Tata Trusts, which through a complex ownership structure has a roughly 66 percent stake in the group’s holding company Tata Sons.

Tata Sons is the single largest shareholder in firms like IT giant Tata Consultancy Services, India’s second-biggest company by market cap, and Tata Motors — which owns British luxury carmaker Jaguar Land Rover.

Though associated with the group for decades, Noel Tata is mostly publicly known for being chairman of Trent, the conglomerate’s wildly successful apparel retailer. 

Tata Trusts was set up in 1892 and plays no role in the day-to-day functioning of listed firms that come under the Tata brand. It supports housing, healthcare and education charities.

Tata Sons is in charge of the group’s strategy and is currently headed by chairman N Chandrasekaran, who was appointed in 2017.

Because the Tata Trusts is the largest shareholder in Tata Sons, its chairman effectively oversees the sprawling empire, and will play a key role in deciding Chandrasekaran’s eventual successor.



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Ex-Maharashtra Minister Baba Siddique’s Last Instagram Post Days Before Murder https://artifexnews.net/ex-maharashtra-minister-baba-siddiques-last-instagram-post-days-before-murder-6778067rand29/ Sun, 13 Oct 2024 05:18:47 +0000 https://artifexnews.net/ex-maharashtra-minister-baba-siddiques-last-instagram-post-days-before-murder-6778067rand29/ Read More “Ex-Maharashtra Minister Baba Siddique’s Last Instagram Post Days Before Murder” »

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Baba Siddiqui described Ratan Tata’s death as the “End of an Era.”

Nationalist Congress Party (NCP) leader Baba Siddiqui was shot dead on Saturday evening in Mumbai. Just two days before his shocking murder, Mr Siddiqui had posted a heartfelt tribute on Instagram, honouring the late industrialist Ratan Tata, who died on October 9 at age 86. 

In his post, Mr Siddiqui described Ratan Tata’s death as the “End of an Era.”

The 62-year-old politician was gunned down by three assailants in Kher Nagar, near his son’s office in Bandra. At around 9:30 PM, Mr Siddiqui was attacked by the assailants, who fired at least six bullets, four of which struck him in the chest. He was rushed to Lilavati Hospital, but he was declared dead shortly after.

Two suspects, Karnail Singh from Haryana and Dharamraj Kashyap from Uttar Pradesh, were arrested shortly after the killing, while a third suspect remains at large. During their interrogation, the arrested men claimed to have ties with the notorious Lawrence Bishnoi gang. However, authorities have yet to confirm these claims or the gang’s involvement. Bishnoi, who is currently imprisoned in Gujarat, has been linked to several high-profile murders and extortion cases. 

Police are probing the murder from two angles: one focuses on the possible involvement of the Bishnoi gang due to Mr Siddiqui’s proximity to Bollywood actor Salman Khan, who has previously received death threats from the gang. The second angle relates to a slum rehabilitation case in which Mr Siddiqui was reportedly involved. Sources suggest that Mr Siddiqui had received death threats just 15 days before the attack, prompting him to be placed under ‘Y’ category security cover. 

The Mumbai Police Crime Branch has formed four special teams to investigate the case, but so far, no conclusive motive has been established.

Meanwhile, the death of Ratan Tata, the chairman emeritus of Tata Sons, has left a deep impact on the nation. Mr Tata, who had been undergoing routine medical investigations, died after a brief hospitalisation. His funeral was held on October 10 where he was cremated at an electric crematorium in Mumbai’s Worli Crematorium.





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Israel PM Netanyahu condoles Ratan Tata’s death; calls him ‘proud son of India’ https://artifexnews.net/article68748142-ece/ Sun, 13 Oct 2024 04:03:38 +0000 https://artifexnews.net/article68748142-ece/ Read More “Israel PM Netanyahu condoles Ratan Tata’s death; calls him ‘proud son of India’” »

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Israeli Prime Minister Benjamin Netanyahu. File
| Photo Credit: Reuters

Israeli Prime Minister Benjamin Netanyahu has condoled the death of Indian industry titan Ratan Tata, calling him a champion of the friendship between Israel and India.

The former Tata Group chairman passed away on Wednesday (October 9, 2024) evening, aged 86.

In a post on X addressed to Prime Minister Narendra Modi, Mr. Netanyahu highlighted Ratan Tata’s contributions to fostering Israel-India ties.

“To my friend, Prime Minister @narendramodi. I and many in Israel mourn the loss of Ratan Naval Tata, a proud son of India and a champion of the friendship between our two countries,” he said on Saturday (October 12, 2024).

Mr. Netanyahu asked Prime Minister Modi to convey his condolences to Ratan Tata’s family.

“In sympathy, Benjamin Netanyahu,” he said as he concluded the post.

On Thursday (October 10, 2024), Singapore Prime Minister Lawrence Wong paid homage to Ratan Tata, calling him a true friend of his country.

French President Emmanuel Macron expressed his condolences on Friday (October 11, 2024) over Ratan Tata’s death, praising his contributions to innovation and manufacturing while acknowledging his role in strengthening industries in India and France.





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Netanyahu Condoles Ratan Tata’s Death https://artifexnews.net/champion-of-india-israel-friendship-israeli-pm-benjamin-netanyahu-condoles-ratan-tatas-death-6776238rand29/ Sat, 12 Oct 2024 19:13:10 +0000 https://artifexnews.net/champion-of-india-israel-friendship-israeli-pm-benjamin-netanyahu-condoles-ratan-tatas-death-6776238rand29/ Read More “Netanyahu Condoles Ratan Tata’s Death” »

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New Delhi:

Prime Minister of Israel Benjamin Netanyahu wrote to Narendra Modi today condoling the death of industrialist and global icon Ratan Tata. He said many people in his country are mourning Mr Tata’s death.

Ratan Tata died on October 9 at Mumbai’s Breach Candy Hospital, where he was admitted for a routine health check due to his age.

With words of appreciation for Mr Tata’s contribution in bridging India-Israel ties, Mr Netanyahu wrote, “I and many in Israel mourn the loss of Ratan Naval Tata, a proud son of India and a champion of the friendship between our two countries.”

He also asked the prime minister to “convey my condolences to Ratan’s family.”

Mr Netanyahu joined several world leaders in paying a tribute to Mr Tata, who was one of the most respected industrial titans in India. He is credited for his philanthropic work and for expanding the Tata Group to more than 100 countries.

“India and the world have lost a giant with a giant heart,” said Eric Garcetti, US Ambassador to India, in his condolence message. He went on to say “When I was nominated to serve as ambassador, the first congratulations from India came from Ratan Tata.”

Mr Garcetti also mentioned how Mr Tata “gave so much in service to my hometown, serving on the board of the University of Southern California. He saw a future of greater prosperity and equality for his country and did so much for our world,” adding that “May his memory be a blessing.”

Remembering Ratan Tata’s “visionary contribution”, French President Emmanuel Macron said, “France has lost a dear friend from India. Ratan Tata’s visionary helmsmanship contributed to boosting industries in Indiaand France, in the fields of innovation and manufacturing. Beyond this, his legacy will be marked by his humanist vision, immense philanthropic achievements and his humility.”

“I convey my deepest condolences to his near and dear ones as well as to the people of India. We will remember your lifelong commitment to the betterment of society with admiration and respect,” President Macron said in post on Facebook.

Several prominent business leaders also sent their tributes, with Google CEO Sundar Pichai and Microsoft founder Bill Gates being among the first to do so.

Mr Pichai recalled his last meeting with Mr Tata, saying “My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India.”

He also said that Mr Tata “deeply cared about making India better. Deep condolences to his loved ones and Rest in Peace Shri Ratan Tata Ji”.

Bill Gates too expressed his condolences on the death of Ratan Tata, a “visionary leader whose dedication to improving lives left an indelible mark on India – and the world”.

In a LinkedIn Post, Bill Gates recalled meeting Mr Tata on multiple occasions and expressed his admiration for the business tycoon’s commitment to improving lives. “I was always moved by his strong sense of purpose and service to humanity,” Mr Gates wrote in his post. He also recalled collaborating with Mr Tata on several initiatives and said that his legacy will inspire generations.

“Ratan Tata was a visionary leader whose dedication to improving lives left an indelible mark on India-and the world. I had the privilege of meeting him on several occasions, and I was always moved by his strong sense of purpose and service to humanity,” Mr Gates wrote.

“Together, we partnered on numerous initiatives to help people lead healthier, more prosperous lives. His loss will be felt around the world for years to come, but I know the legacy he left and example he set will continue to inspire generations,” he added.

Mr Tata’s death has drawn an outpouring of grief and tributes from across the world. Prime Minister Narendra Modi remembered Mr Tata as a visionary business leader and a compassionate soul.
 






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Netanyahu Condoles Ratan Tata’s Death https://artifexnews.net/champion-of-india-israel-friendship-israeli-pm-benjamin-netanyahu-condoles-ratan-tatas-death-6776238/ Sat, 12 Oct 2024 19:13:10 +0000 https://artifexnews.net/champion-of-india-israel-friendship-israeli-pm-benjamin-netanyahu-condoles-ratan-tatas-death-6776238/ Read More “Netanyahu Condoles Ratan Tata’s Death” »

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New Delhi:

Prime Minister of Israel Benjamin Netanyahu wrote to Narendra Modi today condoling the death of industrialist and global icon Ratan Tata. He said many people in his country are mourning Mr Tata’s death.

Ratan Tata died on October 9 at Mumbai’s Breach Candy Hospital, where he was admitted for a routine health check due to his age.

With words of appreciation for Mr Tata’s contribution in bridging India-Israel ties, Mr Netanyahu wrote, “I and many in Israel mourn the loss of Ratan Naval Tata, a proud son of India and a champion of the friendship between our two countries.”

He also asked the prime minister to “convey my condolences to Ratan’s family.”

Mr Netanyahu joined several world leaders in paying a tribute to Mr Tata, who was one of the most respected industrial titans in India. He is credited for his philanthropic work and for expanding the Tata Group to more than 100 countries.

“India and the world have lost a giant with a giant heart,” said Eric Garcetti, US Ambassador to India, in his condolence message. He went on to say “When I was nominated to serve as ambassador, the first congratulations from India came from Ratan Tata.”

Mr Garcetti also mentioned how Mr Tata “gave so much in service to my hometown, serving on the board of the University of Southern California. He saw a future of greater prosperity and equality for his country and did so much for our world,” adding that “May his memory be a blessing.”

Remembering Ratan Tata’s “visionary contribution”, French President Emmanuel Macron said, “France has lost a dear friend from India. Ratan Tata’s visionary helmsmanship contributed to boosting industries in Indiaand France, in the fields of innovation and manufacturing. Beyond this, his legacy will be marked by his humanist vision, immense philanthropic achievements and his humility.”

“I convey my deepest condolences to his near and dear ones as well as to the people of India. We will remember your lifelong commitment to the betterment of society with admiration and respect,” President Macron said in post on Facebook.

Several prominent business leaders also sent their tributes, with Google CEO Sundar Pichai and Microsoft founder Bill Gates being among the first to do so.

Mr Pichai recalled his last meeting with Mr Tata, saying “My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India.”

He also said that Mr Tata “deeply cared about making India better. Deep condolences to his loved ones and Rest in Peace Shri Ratan Tata Ji”.

Bill Gates too expressed his condolences on the death of Ratan Tata, a “visionary leader whose dedication to improving lives left an indelible mark on India – and the world”.

In a LinkedIn Post, Bill Gates recalled meeting Mr Tata on multiple occasions and expressed his admiration for the business tycoon’s commitment to improving lives. “I was always moved by his strong sense of purpose and service to humanity,” Mr Gates wrote in his post. He also recalled collaborating with Mr Tata on several initiatives and said that his legacy will inspire generations.

“Ratan Tata was a visionary leader whose dedication to improving lives left an indelible mark on India-and the world. I had the privilege of meeting him on several occasions, and I was always moved by his strong sense of purpose and service to humanity,” Mr Gates wrote.

“Together, we partnered on numerous initiatives to help people lead healthier, more prosperous lives. His loss will be felt around the world for years to come, but I know the legacy he left and example he set will continue to inspire generations,” he added.

Mr Tata’s death has drawn an outpouring of grief and tributes from across the world. Prime Minister Narendra Modi remembered Mr Tata as a visionary business leader and a compassionate soul.
 






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Noel Tata Takes Over From Ratan Tata. Know The Tata Family Ancestry And History https://artifexnews.net/noel-tata-takes-over-from-ratan-tata-know-the-tata-family-ancestry-and-history-6767399rand29/ Fri, 11 Oct 2024 11:54:24 +0000 https://artifexnews.net/noel-tata-takes-over-from-ratan-tata-know-the-tata-family-ancestry-and-history-6767399rand29/ Read More “Noel Tata Takes Over From Ratan Tata. Know The Tata Family Ancestry And History” »

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Noel Tata takes over as Chairman of Tata Trusts from Ratan Tata. They were half-brothers.

New Delhi:

Tatas, a brand that has for more than 150 years instilled a feeling of trust and reassurance, has always seen a line of succession where the people at the helm have set the very highest standards and ethics in the world of business. Their personalities cannot be separated from what the brand has evolved into.

Founded in 1868, Tatas have become one of largest and most diverse global conglomerates. It is a name heard in almost every home in India and tens of millions overseas.

Ratan Tata, the kind and graceful gentleman-industrialist and philanthropist, who is credited with taking brand Tata to over 100 countries under his leadership, died at a hospital in Mumbai earlier this week. His stewardship of the Tata behemoth has left a void that few can fill, or not – only time will tell.

Ratan Tata is being succeeded by his half-brother Noel Tata. Ratan Tata’s parents Naval Tata and Soonoo Commissariat got divorced when Ratan and his younger brother Jimmy were very young. Years later their father married Simone Dunoyer, and the two had a son Noel.

Ratan Tata and his half-brother Noel Tata with their father Naval Tata. Noel Tata is 20 years younger than Ratan Tata. (Photo: facebook/WelcometoJamshedpur)

Ratan Tata and his half-brother Noel Tata with their father Naval Tata. Noel Tata is 20 years younger than Ratan Tata. (Photo: facebook/WelcometoJamshedpur)

THE TATA FAMILY ANCESTRY

Ancestors of the Tata family migrated to India from Persia, now Iran, in the 8th century AD. They were part of a large group of Parsis (people from Persia), a Zoroastrian ethnic community, who fled persecution during the Islamic Conquest of Persia.

According to the Tata Central Archives, the Tatas settled in Navsari in Gujarat and lived there for 25 generations before business took them to Bombay – then the Bombay Presidency under the British Raj. At the time Bombay Province included the western two-thirds of Maharashtra, northwestern Karnataka, all of Gujarat, all of Sindh (now in Pakistan), and Aden (in present-day Yemen).

The journey of the Tata family’s business began with Jamsetji Nusserwanji Tata, who stated a trading company in Bombay in 1868, which has today become the Tata Group. The Tatas have always believed in the concept of country and society – building and uplifting the people and the community over personal gains – and right from the very beginning, Jamsetji and his two sons – Sir Dorabji Tata and Sir Ratan Tata – left most of their estate and shares in the company to charitable trusts.

The Tata family moved from Persia to India in the 8th Century and settled in Gujarat. Jamsetji Tata founded the business in 1868.

The Tata family moved from Persia to India in the 8th Century and settled in Gujarat. Jamsetji Tata founded the business in 1868.

Today, there are 14 different trusts run by the Tatas which work in different sectors, each independent of the other in the nature and field of work they do. All of these however, come under an umbrella organisation called Tata Trust. Ratan Tata was the Chairman of the Tata Trusts and Chairman Emeritus of the Tata Group. After his demise, his half-brother Noel Tata has become the Chairman of Tata Trusts while Natarajan Chandrasekaran is Chairman of the Tata Group, whose largest stakeholder is the Tata Trust.

NOEL TATA – NEW CHAIRMAN – TATA TRUSTS

Born in December 1957, Noel Tata is twenty years younger than his half-brother Ratan Tata. He is the son of Naval Tata and Simone Dunoyer, a French-Swiss Catholic and businesswoman from Switzerland.

Noel Tata holds a degree from Sussex University (UK) and has completed the International Executive Programme (IEP) at INSEAD.. He is an Indian-Irish businessman and has been appointed as the Chairman of the Tata Trust. He is married to Aloo Mistry, who is Cyrus Mistry’s sister and Shapoorji Pallonji Mistry’s granddaughter. They have three children – Neville, Maya, and Leah – all of whom are actively involved in the Tata conglomerate. Leah Tata is the Vice President at the Indian Hotels Company. While Maya Tata is associated with Tata Capital, Neville Tata is part of Trent and leadership team at Star Bazaar.

Noel Tata’s most prominent role before this new appointment was as Managing Director of Tata International Ltd, the group’s trading and distribution arm. Under his leadership from 2010 to 2021, the company grew from a turnover of $500 million to over $3 billion. As Managing Director of Trent Ltd, Tata’s retail arm, he expanded its operations from a single store in 1998 to over 700 stores across various formats.

Till his appointment as Chairman – Tata Trusts, Noel Tata has been chairman of Trent, Tata International Limited, Voltas and Tata Investment Corporation. He is also vice chairman of Tata Steel and Titan Company Limited. He also serves as a trustee on the board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, which together comprise over 50 per cent of the ownership of Tata Sons.

Noel Tata has now become the sixth chairman of Sir Ratan Tata Trust and 11th chairman of Sir Dorabji Tata Trust.
 



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Noel Tata Takes Over From Ratan Tata. Know The Tata Family Ancestry And History https://artifexnews.net/noel-tata-takes-over-from-ratan-tata-know-the-tata-family-ancestry-and-history-6767399/ Fri, 11 Oct 2024 11:54:24 +0000 https://artifexnews.net/noel-tata-takes-over-from-ratan-tata-know-the-tata-family-ancestry-and-history-6767399/ Read More “Noel Tata Takes Over From Ratan Tata. Know The Tata Family Ancestry And History” »

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Noel Tata takes over as Chairman of Tata Trusts from Ratan Tata. They were half-brothers.

New Delhi:

Tatas, a brand that has for more than 150 years instilled a feeling of trust and reassurance, has always seen a line of succession where the people at the helm have set the very highest standards and ethics in the world of business. Their personalities cannot be separated from what the brand has evolved into.

Founded in 1868, Tatas have become one of largest and most diverse global conglomerates. It is a name heard in almost every home in India and tens of millions overseas.

Ratan Tata, the kind and graceful gentleman-industrialist and philanthropist, who is credited with taking brand Tata to over 100 countries under his leadership, died at a hospital in Mumbai earlier this week. His stewardship of the Tata behemoth has left a void that few can fill, or not – only time will tell.

Ratan Tata is being succeeded by his half-brother Noel Tata. Ratan Tata’s parents Naval Tata and Soonoo Commissariat got divorced when Ratan and his younger brother Jimmy were very young. Years later their father married Simone Dunoyer, and the two had a son Noel.

Ratan Tata and his half-brother Noel Tata with their father Naval Tata. Noel Tata is 20 years younger than Ratan Tata. (Photo: facebook/WelcometoJamshedpur)

Ratan Tata and his half-brother Noel Tata with their father Naval Tata. Noel Tata is 20 years younger than Ratan Tata. (Photo: facebook/WelcometoJamshedpur)

THE TATA FAMILY ANCESTRY

Ancestors of the Tata family migrated to India from Persia, now Iran, in the 8th century AD. They were part of a large group of Parsis (people from Persia), a Zoroastrian ethnic community, who fled persecution during the Islamic Conquest of Persia.

According to the Tata Central Archives, the Tatas settled in Navsari in Gujarat and lived there for 25 generations before business took them to Bombay – then the Bombay Presidency under the British Raj. At the time Bombay Province included the western two-thirds of Maharashtra, northwestern Karnataka, all of Gujarat, all of Sindh (now in Pakistan), and Aden (in present-day Yemen).

The journey of the Tata family’s business began with Jamsetji Nusserwanji Tata, who stated a trading company in Bombay in 1868, which has today become the Tata Group. The Tatas have always believed in the concept of country and society – building and uplifting the people and the community over personal gains – and right from the very beginning, Jamsetji and his two sons – Sir Dorabji Tata and Sir Ratan Tata – left most of their estate and shares in the company to charitable trusts.

The Tata family moved from Persia to India in the 8th Century and settled in Gujarat. Jamsetji Tata founded the business in 1868.

The Tata family moved from Persia to India in the 8th Century and settled in Gujarat. Jamsetji Tata founded the business in 1868.

Today, there are 14 different trusts run by the Tatas which work in different sectors, each independent of the other in the nature and field of work they do. All of these however, come under an umbrella organisation called Tata Trust. Ratan Tata was the Chairman of the Tata Trusts and Chairman Emeritus of the Tata Group. After his demise, his half-brother Noel Tata has become the Chairman of Tata Trusts while Natarajan Chandrasekaran is Chairman of the Tata Group, whose largest stakeholder is the Tata Trust.

NOEL TATA – NEW CHAIRMAN – TATA TRUSTS

Born in December 1957, Noel Tata is twenty years younger than his half-brother Ratan Tata. He is the son of Naval Tata and Simone Dunoyer, a French-Swiss Catholic and businesswoman from Switzerland.

Noel Tata holds a degree from Sussex University (UK) and has completed the International Executive Programme (IEP) at INSEAD.. He is an Indian-Irish businessman and has been appointed as the Chairman of the Tata Trust. He is married to Aloo Mistry, who is Cyrus Mistry’s sister and Shapoorji Pallonji Mistry’s granddaughter. They have three children – Neville, Maya, and Leah – all of whom are actively involved in the Tata conglomerate. Leah Tata is the Vice President at the Indian Hotels Company. While Maya Tata is associated with Tata Capital, Neville Tata is part of Trent and leadership team at Star Bazaar.

Noel Tata’s most prominent role before this new appointment was as Managing Director of Tata International Ltd, the group’s trading and distribution arm. Under his leadership from 2010 to 2021, the company grew from a turnover of $500 million to over $3 billion. As Managing Director of Trent Ltd, Tata’s retail arm, he expanded its operations from a single store in 1998 to over 700 stores across various formats.

Till his appointment as Chairman – Tata Trusts, Noel Tata has been chairman of Trent, Tata International Limited, Voltas and Tata Investment Corporation. He is also vice chairman of Tata Steel and Titan Company Limited. He also serves as a trustee on the board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, which together comprise over 50 per cent of the ownership of Tata Sons.

Noel Tata has now become the sixth chairman of Sir Ratan Tata Trust and 11th chairman of Sir Dorabji Tata Trust.
 

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