Noel Tata
Encyclopedia
Noel Tata an India
n businessman, who is the Chairman of Trent Ltd.
Noel Tata is the son of Naval Tata and Simone Tata
. He is married to Aloo Mistry, the daughter of Pallonji Mistry
, who is the largest single shareholder in Tata Sons (the Tata Group's holding company). He is also the half-brother of Tata Group's chairperson, Ratan Tata
.
Noel Tata began his career at Tata International, the Tata Group's arm for the products and services offered abroad. In June 1999, he became the managing director of the Group's retail arm Trent
, which was founded by his mother. By this time, Trent had acquired the department store Littlewoods International, and changed its name to Westside. Tata developed Westside, and turned it into a profitable venture. In 2003, Noel Tata was appointed as the director of Titan Industries
and of Voltas
.
In 2010, it was announced that he will take charge of the overseas business of the over $70 billion conglomerate as managing director of Tata International, raising speculations that he is being groomed to succeed Ratan Tata as the head of Tata Group. However, in 2011, his brother-in-law Cyrus Mistry was announced as the successor to Ratan Tata.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n businessman, who is the Chairman of Trent Ltd.
Noel Tata is the son of Naval Tata and Simone Tata
Simone Tata
Simone Tata, née Dunoyer, currently the Chairperson of the Trent Limited, is an Indian businesswoman. French by birth and educated in Switzerland, she came to India in 1955, and joined Lakmé as Managing Director in 1961, rising to become its Chairperson in 1982. The small subsidiary of Tata Oil...
. He is married to Aloo Mistry, the daughter of Pallonji Mistry
Pallonji Mistry
Pallonji Shapoorji Mistry is an Irish-Parsi construction tycoon. According to Forbes, his wealth is estimated to be US$8.8 billion as of 2011. He is the richest person of Parsi descent followed by Adi Godrej at US$7.3 Billion . With his 18.5% stake in Tata Sons, he is the single largest...
, who is the largest single shareholder in Tata Sons (the Tata Group's holding company). He is also the half-brother of Tata Group's chairperson, Ratan Tata
Ratan Tata
Ratan Naval Tata is the present chairman of Tata Sons and therefore, Tata Group. Also, he is one among the few in the world...
.
Noel Tata began his career at Tata International, the Tata Group's arm for the products and services offered abroad. In June 1999, he became the managing director of the Group's retail arm Trent
Trent
-Places:* Trento in northern Italy, site of the Council of Trent* Trent, Dorset, England, United Kingdom* Trent, Germany, a municipality on the island of Rügen* Trent, California, USA* Trent, Kentucky, USA* Trent, South Dakota, USA* Trent, Texas, USA...
, which was founded by his mother. By this time, Trent had acquired the department store Littlewoods International, and changed its name to Westside. Tata developed Westside, and turned it into a profitable venture. In 2003, Noel Tata was appointed as the director of Titan Industries
Titan Industries
Titan Industries is the world's fifth largest wrist watch manufacturer and India's leading producer of watches under the Titan, Fastrack, Sonata, Nebula, RAGA, Regalia, Octane & Xylys brand names. It is a joint venture between the Tata Group, and the Tamil Nadu Industrial Development Corporation...
and of Voltas
Voltas
Voltas Limited is an engineering, air conditioning and refrigeration company based in Mumbai, India. It makes stuff for industries in areas such as heating, ventilation and air conditioning, refrigeration, construction equipment, materials handling, water management, building management systems,...
.
In 2010, it was announced that he will take charge of the overseas business of the over $70 billion conglomerate as managing director of Tata International, raising speculations that he is being groomed to succeed Ratan Tata as the head of Tata Group. However, in 2011, his brother-in-law Cyrus Mistry was announced as the successor to Ratan Tata.