Noel Tata is new chairman of Tata Trusts

Noel Tata has succeeded his late half-brother Ratan Tata as the chairman of Tata Trusts.

Tata Trusts owns 66 per cent of Tata Sons, the holding company of Tata Group. The appointment of Noel Tata as chairman comes after a board meeting held in Mumbai on Friday. 

Tata Trusts, set up by Ratan Tata's great grandfather Jamsetji Tata in 1892, carry out philanthropic activities in healthcare, nutrition, education, livelihood, environment, migration, skill development, sports, and disaster relief, among other things.

Noel Tata currently serves as a trustee on the board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust. He is also the chairman of Tata Trent and vice chairman of Tata Steel.

The 67-year-old Noel, who graduated from Sussex University in the UK and has completed the International Executive Programme from INSEAD remains the chairman of Tata Group's retail arm Trent.

Ratan Tata, who passed away on Wednesday, reportedly, had not designated a successor.