New Delhi. Ratan Tata, former chairman of the Tata Group, is regarded as a leading figure in India’s business and philanthropy fields. Despite owning assets worth around Rs 3600 crore, Ratan Tata is known for his simple life and social work. He has encouraged countless social work through Tata Trusts.
At present, 86 year old Ratan Tata has no children, due to which the question arises as to who will become his successor. Who will direct the future of the $403 billion Tata Group has become a major topic.
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potential successor
Noel Tata
Ratan Tata’s half-brother, Noel Tata, is being considered a leading candidate for succession to the Tata Group. Noel Tata is the child of Naval Tata and Simone, and has deep involvement with the Tata Group.
Maya Tata (34 years)
Maya Tata is playing a big role in the management of Tata Group. He has received education from Bayes Business School and University of Warwick. He has had key roles in Tata Opportunities Fund and Tata Digital. His contribution in launching the Tata New App is considered important. Maya Tata’s parents are Noel Tata and Allu Mistry.
Neville Tata (32 years)
Neville Tata, who is active in the retail arm of Tata Group, is currently leading Star Bazaar. Neville is married to Mansi Kirloskar, the heiress of the Toyota Kirloskar Group. Neville Tata is the second son of Noel Tata and Alu Mistry. Allu Mistry is the sister of former Tata Group chairman, the late Cyrus Mistry. Neville Tata was initially entrusted with the management of the packaged food and beverage division. He also took charge of Zoodio after proving his capability in this field. Experts believe that Neville Tata was being groomed as the successor to the Tata Group.
Leah Tata (39 years)
Lia Tata has a major contribution in the hospitality sector of Tata Group. He has received education from IE Business School, Spain and has played an important role in the operations of Taj Hotels. She has been associated with the hotel industry since 2006. However, in 2010 he also did an internship at Louis Vuitton for 3 months. But apart from that, his entire focus remained on the hotel industry. He started as Assistant Sales Manager at Taj Hotels and Resorts. She is the sister of Neville and Maya.
Future direction of Tata Group
The question of Ratan Tata’s succession will determine not only the Tata Group’s leadership abilities, but also the direction of its social reform efforts and business legacy. Noel Tata and his children are considered prime candidates for the future.
Tags: business news, Ratan father
FIRST PUBLISHED: October 10, 2024, 01:46 IST