Noel Tata: There is going to be a big change in the leadership of Tata Group company Voltas. Noel Tata will retire as Chairman and Director of Voltas on completion of his superannuation age on 11 November 2026. However, the board has appointed him as 'Chairman Emeritus' (Honorary Chairman) of the company with effect from November 12, 2026. Sunil D'Souza, Managing Director (MD) and CEO of Tata Consumer Products, will take over as the new chairman of Voltas from November 12.
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Not only this, the company has also decided the name of the new successor to take over the post of Managing Director in May 2027. Voltas has said in its regulatory filing that the company's board has approved the appointment of Noel Tata as Chairman Emeritus with effect from November 12, 2026.
Jayant Balan, currently leading the room air conditioner business, has been appointed as the new Managing Director (MD), who will take charge from May 25, 2027 (the tenure of current MD CP Mukundan Menon will complete on May 24, 2027).
Noel Tata was born on 12 November 1956. He will turn 70 on 12 November 2026. According to the rules of the Companies Act 2013, no person of 70 years of age or older can be appointed as the Managing Director or Whole-time Director of a company. Nor can any person continue in this post after reaching this age. Due to the rules related to this age limit, Noel Tata is stepping down from the boards of many Tata Group companies and he is having to leave the leadership post.