New Delhi: The Tata Trusts are set to convene today to elect a new chairman, following the passing of Ratan Tata. Noel Tata, Ratan Tata's stepbrother, is likely to take the helm, leveraging his 40-year association with the Tata group and proven business acumen. Mehli Mistry, a close confidant of Ratan Tata and board trustee of the two main Tata charities, is also poised for a key role.
Key Contenders for the Top Spot
Noel Tata: Chairman of Tata International Limited, Voltas, and Tata Investment Corporation, with a successful track record in growing Trent's retail business.
Mehli Mistry: Businessman and director in M Pallonji Group companies, with strong ties to Ratan Tata and involvement in Tata Trusts since 2000.
Venu Srinivasan: Vice Chairman of Tata Trusts and Chairman Emeritus of TVS Motor Company.
Vijay Singh: Vice Chairman of Tata Trusts and former Defence Secretary.
The Tata Trusts, comprising Sir Dorabji Tata Trust and Sir Ratan Tata Trust, hold a 66% stake in Tata Sons, the parent company of the Tata Group. The election of a new chairman marks a significant transition for the organization.