The Tata Group today announced Noel N Tata as the new managing director (MD) of Tata International. Tata, will step down as MD of group retail chain Trent effective 12 August, but will continue as Trent’s non-executive vice-chairman.
Noel Tata, half brother of tata Group chairman Ratan Tata, who earlier this week was appointed chairman of the Tata Investment Corporation as well, will be based in Mumbai.
Noel Tata is the son in law of Pallonji Shapoorji Mistry, who owns an 18.5-per cent in Tata Sons and is among the likely contenders speculated to succeed Ratan Tata as chairman of the Tata Group,
Tata International Limited has a global reach in international trade and encompasses the entire value chain from supply integration to facilitating third country trade by setting up strategic alliances or wholly-owned subsidiaries with a focus on certain geographies.
The company is engaged in a range of businesses and trading of a variety of products like leather, minerals, steel, ferro alloys and engineering products. Its interests in the value-added business also include automobiles distribution in Africa.
Through its 100-per cent subsidiary, Tata Africa Holdings Ltd, it is present in 11 African countries, China, Southeast Asia and the Middle East.