Who Will Succeed Ratan Tata? From Noel Tata to Maya Tata, List of Front-Runners in Succession Race Who Might Take Over the Reins of INR 3,800 Crore Business Empire
Ratan Tata, the Chairman Emeritus of Tata Sons, passed away at 86 on October 9, leaving behind a legacy of innovation and philanthropy as the Tata Group now faces a crucial leadership transition amid speculation over who will succeed him.
Mumbai, October 10: Ratan Tata, the Chairman Emeritus of Tata Sons, passed away on October 9 at Breach Candy Hospital in Mumbai, succumbing to age-related ailments at the age of 86. At the time of his death, Tata's net worth was estimated to be INR 3,800 crore, a testament to his successful leadership of one of India's largest and most diversified conglomerates. With the conglomerate now at a crossroads, questions arise about who will step into his formidable shoes to guide the empire forward. Will his family members, including Noel Tata and Maya Tata, emerge as the new leaders?
What is Ratan Tata's Net Worth?
Ratan Tata's net worth is estimated at approximately INR 3,800 crore as of 2024. The majority of his wealth is derived from his holdings in Tata Sons, the Tata Group's holding company, which has diverse operations across multiple industries. While he earned an annual salary of about INR 2.5 crore as an ex-chairman, a significant portion of his wealth has been directed towards philanthropic efforts. About 66 per cent of Tata Sons' profits are allocated to charitable trusts, reflecting his commitment to social causes. Ratan Tata Dies: Industrialist's Mortal Remains To Be Kept at NCPA Lawns in Mumbai for Final ’Darshan’ (Watch Video).
Who Will Succeed Ratan Tata?
Noel Tata
Noel Tata, 67, Ratan Tata's half-brother, is a key contender for leadership of the Tata Group. Born from Naval Tata's second marriage, he has extensive experience in the business world, previously serving as managing director of Tata International. His close ties to the family and understanding of the conglomerate's operations position him as a strong candidate for the role. Notably, he is the father of Maya, Neville, and Leah Tata, who are also potential successors.
Maya Tata
Maya Tata, 34, is making significant strides within the Tata Group and is a promising successor. Educated at Bayes Business School and the University of Warwick, she has held important roles at Tata Opportunities Fund and Tata Digital, notably contributing to the launch of the Tata Neu App. Ratan Tata Dies: Last Rites of Chairman Emeritus of Tata Sons To Be Performed With Full State Honours, Says Maharashtra CM Eknath Shinde.
Neville Tata
Neville Tata, 32, is actively engaged in the family business and is married to Manasi Kirloskar from the Toyota Kirloskar Group. He currently heads Star Bazaar, a prominent hypermarket chain under Trent Limited, and has demonstrated his leadership skills and familiarity with the Tata brand.
Leah Tata
Leah Tata, the eldest at 39, brings valuable expertise to the Tata Group’s hospitality sector. Educated at Spain’s IE Business School, she has made significant contributions to Taj Hotels Resorts and Palaces. She is currently managing operations at the Indian Hotel Company.
As the Tata family prepares for Ratan Tata's last rites, the iconic industrialist's legacy looms large over the Tata Group and the Indian business landscape. His body will be kept for public homage at the NCPA Lawns at Nariman Point, Mumbai, allowing friends, admirers, and colleagues to pay their final respects. The last rites will be conducted with full state honours in Worli, Mumbai, as announced by the Government of Maharashtra.
(The above story first appeared on LatestLY on Oct 10, 2024 09:14 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).