Days after Ratan Tata’s death, what’s happening at late businessman’s iconic Bombay House

Noel has a profound awareness of the Tata legacy.

New Delhi: October 9, 2024, marked the end of an era whose pivot was one of the world’s most vibrant, dashing, and beloved entrepreneurs and philanthropists, Ratan Tata. He served as the chairman of the Tata Group for over two decades.

Now that he is not present in this world in a physical form, he is still making things move as far as a series of transitions within the Tata Group and the Tata Trusts are concerned. Tata Group and the Tata Trusts manage the majority of the company’s holdings and oversee its far-reaching philanthropic initiatives.

Ratan Tata’s half-brother Noel Tata filled in the void left by Ratan, and he is now the new face of Tata Trusts and their new chairman.

Noel has a profound awareness of the Tata legacy, and he is able to drive the philanthropic vision. Under his leadership, the Tata Trust is capable of carrying forward the focus on poverty alleviation, healthcare, and education, causes that were very close to Ratan Tata’s heart.

Thus, Noel Tata’s positioning not only maintains continuity but also honours Ratan Tata’s vision of a future rooted in family legacy, philanthropy, and responsible business practices.

Noel, his son Neville Tata, and his daughters, Leah and Maya, represent the new generation of Tata’s stepping up within the organization.

Mehli Mistry, a family confidant and a long-time Tata ally, has taken on a significant role within the Trusts. Then, there is PB Balaji, Group CFO of Tata Motors, who has emerged as a key player in the Tata Group. His leadership has contributed to Tata Motors’ highest-ever revenue of Rs 4.38 lakh crore in FY24, a debt-free status in its Indian business, and a positive cash position of Rs1,000 crore.

Given an aptitude for impactful financial stewardship, Balaji has taken on expanded responsibilities. He has been roped in on the boards of Air India, Titan, Tata Technologies, and Tata Consumer.

Overall, it can be said that the conglomerate is in the care of the best of hands that will carry forward the amazing, remarkable, and humane legacy forward as Ratan Tata would have wanted to.