At its 107th Annual General Meeting (AGM) on Thursday, shareholders of Tata Sons, the unlisted $150-billion holding company of the Tata Group, overwhelmingly approved the appointment of Noel N Tata, the half-brother of the late Tata Group chairperson Ratan Tata, along with three other directors to its board.
Noel Tata, who became chairman of Tata Trusts in October 2024, was nominated to the Tata Sons Board by the trusts and appointed as an additional director last year.
Tata Sons shareholders have also approved the reappointment of Venu Srinivasan and Saurabh Agrawal, as well as appointed Anita Marangoly George, the co-founder and CEO of emerging-markets growth fund Prosperete, as an independent director.
Noel Tata is the son of Naval Hormusji Tata and his second wife, Simone Tata, a former chairperson of Lakmé, a well-known beauty and cosmetics brand which was later sold to Hindustan Lever.
Noel Tata graduated from the University of Sussex in the UK and also pursued an advanced management programme at INSEAD, France, which provided him with a strong educational background in business management.
Noel Tata’s last executive assignment was as the Managing Director of Tata International Limited, the trading and distribution arm of the Tata Group, between August 2010 and November 2021, where he grew the company from a turnover of 500 million dollars to over 3 billion dollars.
Before his stint at Tata International, Noel Tata served as the Managing Director of Trent Limited for over 11 years, where he oversaw the growth of Trent across formats – from a one-store operation in 1998 to a network of more than 800 stores across formats.