Mumbai . Ratan Tata, former chairman of Tata Group, died on Wednesday night at the age of 86. After the death of Ratan Tata, the question arises that who will now handle the legacy of Tata Group. Question also because Ratan Tata had not appointed his successor.
Currently, N Chandrasekaran is the chairman of Tata Sons, the largest company of the group, but above this is Tata Trust, which is headed by the Tata family. Till his death, Ratan was the head of Tata Trust. The importance and size of Tata Trust can be understood in this way that it is a group of charitable institutions of Tata Group, which holds 66 percent stake in Tata Group with a revenue of Rs 13 lakh crore. Under this, Sir Dorabji Tata Trust and Sir Ratan Tata Trust own 52 percent stake of Tata Sons.
Ratan Tata’s younger brother Jimmy Tata lives in Mumbai, but he retired in the 90s. Although he holds shares in Tata Sons companies. Like Ratan, he too did not marry and after retirement, he lives in a 2 bedroom flat. Jimmy Tata has stayed away from active business for more than 25 years.
Ratan Tata’s half-brother Noel Tata is a strong contender to carry forward the Tata legacy due to his family connections and involvement in several of the group’s companies. Naval and Simon Tata’s son, Noel Trent, is chairman of Voltas, Tata Investments and Tata International. Vice Chairman of Tata Steel and also on the board of Sir Ratan Tata Trust.
Noel Tata’s children Leah, Maya and Neville are working in the company like other professionals. Eldest daughter Leah Tata holds a master’s degree in marketing from Spain. In 2006, he joined Taj Hotels Resorts and Palaces as Assistant Sales Manager. Currently working as Vice President in The Indian Hotels Company Limited. Younger daughter Maya Tata had joined the group’s financial services company Tata Capital as an analyst. While his brother Neville Tata started his professional journey at Trent.