“I don’t believe in taking the right decisions. I take decisions and then make them right.” – Ratan Tata
Born on 28th December 1937, business tycoon and philanthropist Ratan Tata passed away on the night of 9th October, at the age of 86. His remarkable contributions have left a lasting impact on India’s economy.
Often described as reserved and introspective, Ratan Tata stood out as one of India’s most prominent global business leaders. He led the Tata Group for over two decades, retiring at the age of 74 in 2012. Under his leadership, the group flourished globally while upholding values of integrity and social responsibility.
Today, each Tata company operates independently under the guidance and supervision of its own Board of Directors. The group’s future operations and strategic direction will be heavily influenced by the decisions of these directors. Their expertise and insights will play a critical role in navigating challenges, fostering innovation, and maintaining the group’s leadership across various sectors.
As of March 31, 2024, there are 26 publicly listed Tata enterprises with a combined market capitalisation exceeding $365 billion.
Succession Plan of Tata Group
At the age of 86 and with no children to carry on his legacy, Ratan Tata’s succession has ignited significant speculation. His passing has intensified discussions about who will take over the leadership of the extensive Tata Group, valued at ~Rs. 3,600 crore, given that he had no heirs.
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However, a thoughtful succession plan has already been established within the Tata Group.
In 2017, N. Chandrasekaran ascended to the role of chairman of Tata Sons, the holding company. Meanwhile, other family members will also lead different parts of the business and are ready to take on future leadership roles.
Noel Tata: The Leading Candidate
Within the array of potential leaders, Noel Tata emerges as a notable candidate. He is the son of Naval Tata and his second wife, Simone Dunoyer, and the half-brother of Ratan Tata.
Noel N. Tata has been an integral part of the Tata Group for four decades, currently holding positions on the Board of numerous Tata companies. He serves as the Chairman of Trent, Tata International Limited, Voltas, and Tata
Investment Corporation, while serving as the Vice Chairman of Tata Steel and Titan Company Limited.
Additionally, he is a Trustee on the Board of the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, further reflecting his commitment to the group’s values and philanthropic endeavours.
This familial relationship positions Noel centrally within the Tata legacy, establishing him as a key player in its future direction.
Neville, Maya and Leah Tata: The Heirs
Noel Tata’s three children—Leah, Maya, and Neville—have been appointed as trustees of five trusts associated with the esteemed Sir Dorabji Tata Trust and Sir Ratan Tata Trust, the cornerstone entities of Tata Trusts. These trusts hold a significant share in Tata Sons.
Neville Tata
Neville Tata, 32, is actively involved in the family business and is married to Manasi Kirloskar of the Toyota Kirloskar Group. He currently oversees Star Bazaar, a prominent hypermarket chain under Trent Limited, positioning him as a promising future leader within the Tata Group.
Maya Tata
At 34, Maya Tata is making significant strides within the Tata Group. With educational degrees from Bayes Business School and the University of Warwick, she has held pivotal roles at Tata Opportunities Fund and Tata Digital. Her strategic vision was key to the successful launch of the Tata Neu App, showcasing her potential as a leader.
Leah Tata
At 39, Leah Tata is the eldest member of the Tata family, bringing her considerable expertise to the hospitality realm within the Tata Group. A graduate of IE Business School in Spain, she has played a pivotal role in enhancing the offerings of Taj Hotels Resorts and Palaces.
Currently, she leads operations at the Indian Hotel Company, dedicated to expanding the group’s influence in the hospitality industry.
The Future of Tata Group Leadership
Ratan Tata was been a guiding force behind Tata Group’s philanthropic initiatives and strategic vision. With Noel Tata and his children emerging as key contenders for leadership, the future of the Tata Group is set to continue its legacy of innovation, integrity, and meaningful societal impact.
The road ahead will not only define corporate leadership but also shape the future of one of India’s most iconic conglomerates. Ratan Tata’s legacy inspires us to measure success not just by achievements but by the kindness we extend to others.
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Written by Shivani Singh
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