9th October will be remembered as an unfortunate day in history, not just for India but globally, as the developing nation lost one of its most precious and beloved craftsmen—someone who made nation-building appear as a craft requiring vision, belief, hard work, perseverance, and simplicity.
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Mr. Ratan Naval Tata, the Former Chairperson of the “Tata Group and Sons”, took his last breath at the age of 86 years in Mumbai’s Breach Candy Hospital, leaving behind a legacy of extraordinary brilliance in the industrial growth by bringing innovation and expansion, infrastructural development, entrepreneurship, and philanthropy.
As life moves forward, embracing change is inevitable. Following Mr. Ratan Tata’s passing, the next successor to Tata Group and Sons has been appointed. In a meeting held in Mumbai, Mr. Noel Tata, the half-brother of the late veteran, was named the new Chairperson.
The Tata Group is considered one of India’s largest family-owned conglomerates that has expanded it’s presence across various domains or sectors through companies that are independent.
A total of 26 publicly listed Tata enterprises commanded a combined market capitalization of more than $365 billion as on 31st March, 2024. It includes Tata Consultancy Services (TCS), Tata Consumer Products, Tata Steel, Tata Motors, Indian Hotels, and various conglomerated sources. Tata Trusts has the largest shareholding ownership in Tata Sons, which controls the Tata Empire of $365 billion.
The annual report of the TTR which is in F 23 they made they institutional program grant 397 crews and there were total GR amount that was made by them was around 456 out of which there was 23% or 24% went into HealthCare which basically means building Tata Cancer Hospital at Kolkata which was a classic example because it came into being at that point in time where it was the only one existing and then rural upliftment was the next one where they invested a lot making a significant presence for well-being.
Now as the news is official Mr. Noel Tata is going to take over the Tata Group, it is reportedly confirmed that the Tata trust holds 66% of the trust and Tata Son’s where Mr. Noel Tata who holds 1% would get separated as per the amendment ensured in 2022.
So technically speaking the chairman Trustee of Tata Trust will look at the objectives which denotes the dividends that will come in, will decide how it will be used for the benefit of the society through CSR activities, and due to the good equation with the chairman of Tata Son’s and Trust, collectively both of them will be in good terms and Tata Son’s will primarily govern how the businesses will grow and the workings in the interest of the shareholders.
So nothing seems to be affected or changing and we will see the next phase of growth under new supervision and perspective carrying forward the legacy of Mr. Ratan Tata.
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