🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Who is Noel Tata? Meet Ratan Tata’s half-brother—the dominant frontrunner to helm Tata Trusts | Mint

LivemintLivemint · 1y ago
Who is Noel Tata? Meet Ratan Tata’s half-brother—the dominant frontrunner to helm Tata Trusts | Mint
Medial

- Ratan Tata, patriarch of the Tata Group, passed away, leaving the conglomerate with the task of selecting his successor. - Tata Trusts, which owns a majority stake in Tata Sons, the holding company of the Tata Group, controls the conglomerate. - The final rites of Ratan Tata were conducted with full state honors, with the presence of family members and top Tata Group executives. - Noel Tata, Ratan Tata's half-brother, is the frontrunner to succeed him and has been a key figure in the governance of the trusts. - Noel Tata has been chairman of Trent Ltd, a successful apparel retailer under the Tata Group, and has held various positions within the group. - Noel Tata's children are also trustees of some family-linked charities associated with Tata Trusts.

Related News

Tata Trusts meeting today: Decision about successor on agenda, Noel Tata most likely heir to Ratan Tata, say reports | Mint

LivemintLivemint · 1y ago
Tata Trusts meeting today: Decision about successor on agenda, Noel Tata most likely heir to Ratan Tata, say reports | Mint
Medial

- Noel Tata is emerging as the front-runner to be the successor of Ratan Tata in the Tata Group. - The Tata Trusts meeting will discuss the succession plans of the $165 billion empire. - Ratan Tata's half-brother Noel Tata is the likely choice for the successor position, according to sources. - Mehli Mistry may be appointed as a Permanent Trustee on the Tata board. - Noel Tata is the chairman of Trent, the group's apparel retailer, and has been successful in expanding the company's store count and workforce. - Noel Tata has held executive positions in several Tata companies, including Titan Company and Tata Steel, and is a trustee on the Sir Dorabjee and Sir Ratan Tata Trusts.

Noel Tata to succeed Ratan Tata, unanimously appointed Chairman of Tata Trusts

InternetInternet · 1y ago
Noel Tata to succeed Ratan Tata, unanimously appointed Chairman of Tata Trusts
Medial

- Noel Tata has been unanimously appointed as the Chairman of Tata Trusts, succeeding his half-brother Ratan Tata, who passed away on October 9, 2024. The decision was made during a board meeting in Mumbai. - Tata Trusts holds a controlling 66% stake in Tata Sons, making its leadership crucial for the governance of the Tata Group. The board's decision aligns with Ratan Tata's philosophy of ensuring continuity in leadership. - With over 40 years in the Tata Group, Noel Tata has served in various capacities, including Managing Director of Trent, where he significantly expanded the company's retail presence. - Unlike Ratan Tata's public-facing approach, Noel is known for his calm, understated leadership, focusing on steady business growth and long-term vision. - Noel Tata graduated from Sussex University and completed the International Executive Programme at INSEAD. His extensive experience and strong family ties to the Tata Group position him well for his new role.

How Ratan Tata transformed Tata Group — a timeline | Mint

LivemintLivemint · 1y ago
How Ratan Tata transformed Tata Group — a timeline | Mint
Medial

- Ratan Tata, former chairman of Tata Sons, has been instrumental in establishing Tata as one of India's most recognizable brands. - Ratan Tata passed away at the age of 86 after being in critical condition at a Mumbai hospital. - He joined the Tata Group in 1962 and became the Chairman of Tata Industries in 1981, where he played a key role in promoting new ventures in high-tech businesses. - Ratan Tata introduced Tata Salt as India's first national branded salt in 1983, revolutionizing the market. - He became the Chairman of Tata Sons and Tata Trusts in 1991, succeeding Jehangir Ratanji Dadabhoy (JRD) Tata. - Under his leadership, Tata Motors acquired Jaguar-Land Rover from Ford Motors in 2008, making a successful foray into the luxury car segment.

How Tata turned TaMo into a global auto powerhouse

LivemintLivemint · 1y ago
How Tata turned TaMo into a global auto powerhouse
Medial

- Ratan Tata transformed Tata Motors from a domestic truckmaker into a global automotive powerhouse. - He spearheaded the creation of the Tata Nano, the world’s cheapest car, which redefined affordable mobility for the Indian consumer. - Under his leadership, Tata Motors launched the Indica, India's first indigenously developed passenger car, showcasing India's emerging capabilities in car manufacturing. - Despite its commercial failures, the Tata Nano exemplified Tata's visionary approach and his desire to solve real-world problems through innovation. - Ratan Tata's most celebrated move was the acquisition of Jaguar and Land Rover (JLR) from Ford, which turned JLR into a significant contributor to Tata Motors' revenue. - He positioned Tata Motors as a leader in the electric vehicle (EV) revolution, making them a frontrunner in India's green mobility movement.

Upstox delivers 10x return to Ratan Tata following buyback

EntrackrEntrackr · 1y ago
Upstox delivers 10x return to Ratan Tata following buyback
Medial

Wealth management platform Upstox has completed a buyback of 5% of Ratan Tata’s holdings, reflecting a 10X return on Tata’s original investment, while he retains 95% of his stake in the company. Ratan Tata’s 2016 investment in Upstox has delivered a 23,000% return in total, based on the company’s $3.5 billion valuation, as per the firm’s press release. Tata had bought around 1.33% stake in the company in 2016. According to TheKredible, Tiger Global holds 38% of Upstox, followed by the company’s founders, Ravi Kumar and Kavitha Subramanian. Upstox offers a range of financial instruments, including stocks, IPOs, futures and options (F&O), commodities, currencies, fixed deposits, peer-to-peer lending, government bonds, non-convertible debentures (NCDs), gold, and insurance. In May, the company entered the insurance distribution business. While Upstox has yet to file its FY24 annual report, the Mumbai-based company reported a 44% increase in operating revenue, surpassing Rs 1,000 crore in FY23, and announced achieving profitability. Upstox competes with major players like Zerodha, Groww, AngelOne, and PhonePe’s Share.Market. As of August, Groww leads the market, followed by Zerodha, AngelOne, Upstox, and ICICI Direct. Zerodha, Groww’s stockbroking unit and AngelOne reported Rs 8,370 crore and Rs 2,900 crore and Rs 4272 crore revenue in FY24 respectively. In Q1 FY25, Mumbai-based AngelOne reported Rs 1,405 crore in revenue and Rs 293 crore in profits. As of August, Groww was the market leader followed by Zerodha and AngelOne. Upstox and ICICI Direct are number 4th and 5th player, respectively.

Download the medial app to read full posts, comements and news.