Who will succeed Ratan Tata and lead his ₹3,800 crore empire?
Ratan Tata, one of India’s most respected business leaders, is the former chairman of Tata Group, a massive conglomerate with interests across numerous sectors. Known for his simple lifestyle and dedication to charity, Ratan Tata has contributed greatly to India’s development. He is especially known for his philanthropic efforts, which are conducted through the Tata Trusts. The trust funds initiatives in education, healthcare, rural development, and disaster relief, ensuring that a significant portion of Tata Group’s profits go towards making a positive social impact.
At 86 years old, Ratan Tata’s succession has been a topic of speculation. Ratan Tata’s net worth is estimated to be almost Rs 3,800 crore as of 2022. Also reports suggest that as an ex-chairman of Tata Sons, he received an annual remuneration of almost Rs 2.5 crore, or approximately $300,000 Since he never married and has no children, the question of who will take over his vast business empire has generated much discussion. Among the possible successors is Noel Tata, Ratan Tata’s half-brother, and his children, who are seen as the leading contenders to inherit the leadership of the Tata Group.
Noel Tata, the son of Ratan Tata’s father Naval Tata and his second wife Simone, is a key figure in the family. His children, Maya, Neville, and Leah, are already involved in various Tata Group businesses, positioning them as potential heirs to the empire. Maya Tata, the eldest, is considered one of the most likely successors. She is currently on the board of the Tata Medical Centre Trust and has played a significant role in launching Tata Digital’s Tata Neu App.
Maya’s younger brother, Neville Tata, is also a strong contender. He is currently leading Star Bazaar, a popular hypermarket chain under Trent Limited, which operates Westside and Zudio. Neville is married to Manasi Kirloskar, the heir of Toyota Kirloskar Group, further strengthening his ties to powerful business families.
Leah Tata, another possible successor, has experience in the hospitality sector, working with Taj Hotels and overseeing operations for the Indian Hotels Company. With their combined business acumen and family connections, all three of Noel Tata’s children are viewed as potential leaders for the future of Tata Group. As the family continues to manage the company, it remains to be seen who will take over the reins from Ratan Tata, but Noel Tata’s children are undoubtedly the top candidates.
Read More: Ratan Tata’s journey: A timeline of transforming the Tata group
