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Noel Tata, the chairman of Tata Trent and vice chairman of Tata Steel, has today, October 11, been appointed as the chairman of Tata Trusts. This news comes in two days after the demise of the previous chairman of the Tata conglomerate's philanthropic arm on October 9, 2024 at Breach Candy hospital in Mumbai.
Rata Tata was unmarried and left behind no children of his own, so the point of his succession was a topic of discussion in the industry. The Tata Trust Board reportedly met today and this decision was made as a result.
The appointment holds great significance as Tata Trusts originally owned 66% of Tata Sons, according to media reports. However, it is possible that the ownership pattern has been diluted slightly in the subsequent years.
Tata Trusts, is actively involved in various sectors including education, healthcare and housing. The Trust was first set up in 1892 by Jamshedji Tata, the founder of the Tata group and the great grandfather of both Noel and Ratan Tata.
