Tata Trusts: What Role Does It Play In The Tata Group? EXPLAINED

Noel Tata was appointed the chairman of the Tata Trusts on Friday. The succession following industrialist Ratan Tata’s death became the talk of the town, however, what does it really mean? Let’s take a deeper look into what Tata Trusts is and how it plays a crucial role in the Tata conglomerate.What Is Tata Trusts?Tata Trusts is the philanthropic arm of the Tata Group. The entity also owns a majority stake of 66 per cent in Tata Sons. Tata Sons is a private holding company that owns stakes in all the firms under the Tata Group.The Trusts undertakes philanthropic initiatives in several sectors such as education, health, employment generation, art and culture, sports, and skill development, among others. Ratan Tata held the position of chairman in the Trusts before passing away on October 9, 2024.Meanwhile, Natarajan Chandrasekaran is chairman of the board at Tata Sons, the holding company and promoter of all Tata Group companies.Also Read : Tata Trusts Appoints Noel Tata As The New ChairmanNoel Tata is the son of Naval Tata and Simone Tata and Ratan Tata's half-brother. He is married to Aloo Mistry who is the daughter of Pallonji Shapoorji Mistry. Pallonji Mistry was the chairman of the Shapoorji Pallonji Group and owned major stakes in the Tata Group. Noel and Aloo together have three children, Leah, Maya, and Neville.On being appointed as the chairman, Noel Tata said, "I look forward to carrying on the legacy of Mr. Ratan N. Tata and the Founders of the Tata Group. Founded more than a century ago, the Tata Trusts are a unique vehicle for undertaking social good. On this solemn occasion, we rededicate ourselves to carrying on our developmental and philanthropic initiatives and continuing to play our part in nation building." Also Read : Who Is Noel Tata? The Newly Appointed Tata Trusts Chairman