Tata Trusts is expected to meet today in Mumbai to discuss the future leadership of the group following the passing of former Tata Group Chairman, Ratan Tata, on October 9 at the age of 86. According to sources cited by Bloomberg, the meeting will address succession plans for the trusts that oversee Tata Sons, the holding company of the Tata Group.
Ratan Tata owned a small direct stake of 0.83% in Tata Sons, with the majority of his net worth tied to this holding. His passing has brought attention to the role his half-brother, Noel Tata, could play in the future leadership of Tata Trusts. Noel Tata has been gradually taking on more responsibilities within the trusts and is currently a trustee of both the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, which are central entities under the Tata Trusts umbrella.
These trusts not only oversee the group’s philanthropic efforts but also hold the majority stake in Tata Sons, making them key players in the governance of the Tata Group. The group operates in over 100 countries, employing more than 1 million people, with a collective revenue of more than $165 billion in 2023-24.
Noel Tata’s potential leadership is expected to maintain the influence of Tata Trusts within the group as they move forward following Ratan Tata’s demise.
