BUSINESS NEWS

noel tata: Noel Tata gives up all executive roles at Tata Group- Noel Tata relinquished his executive responsibilities at Tata Group earlier this month

Written by admin

noel tata: Noel Tata gives up all executive roles at Tata Group- Noel Tata relinquished his executive responsibilities at Tata Group earlier this month

Highlights

  • In 2010, he became the MD of Tata International
  • He started his career from this company.
  • Noel is also the Vice Chairman of Titan

New Delhi
Noel Tata relinquished his executive responsibilities at the Tata Group earlier this month. Noel Tata stepped down as Managing Director of Tata International after turning 65, in line with the retirement policy for senior workers. The Tata Group mandates executive directors to retire from executive positions at the age of 65 and from all board positions at the age of 70. Noel will continue in a non-executive position as chairman of Tata Trent, Tata Investment Corp, Voltas and Tata International. He is also the Vice Chairman of Titan.

Noel is the son of Naval and Simone Tata and half-brothers of Ratan and Jimmy Tata. Noel Tata is heading the group’s retail ventures under the listed Trent Ltd. Trent Limited.. owns the Westside, Judio and Star Bazaar franchises. The company also has a successful joint venture with Spanish retailer Inditex. Inditex is the owner of Zara and Massimo Dutee retail chains.

ready for the big strategic game
Officials said Noel Tata is poised to play a major strategic role across all boards including Trent, Voltas and Titan. He is also likely to be more active in the Tata Trusts. Noel was named as a trustee in 2019. “Whether executive or non-executive, we must not forget that he is a Tata. And his future is in many ways tied to the group,” said a Tata insider.

See also  Market capitalization of BSE listed companies reaches new high of Rs 270.24 lakh crore - Market capitalization of bse listed companies reaches new high of Rs 27024 lakh crore

Credit goes to taking Trent to the heights
Noel Tata is credited with building the Trent after he took over as MD from mother Simone Tata in 1999. Its market value was Rs 3,600 crore in 2014, which has increased to Rs 40,000 crore now. In 2000, Noel took over from Voltas. Its market capitalization has doubled from Rs 18,000 crore then to over Rs 40,000 crore now. Noel Tata has been working behind the scenes, with additional responsibilities such as being Vice President of Titan and joining the Board of Sir Ratan Tata Trust. In 2010, he became the MD of Tata International. He started his career from this company.

#noel #tata #Noel #Tata #executive #roles #Tata #Group #Noel #Tata #relinquished #executive #responsibilities #Tata #Group #earlier #month

About the author

admin

Leave a Comment

close
%d bloggers like this: