Veteran industrialist and honorary head of Tata Sons Padma Vibhushan Ratan Tata passed away on Wednesday night. He was 86 years old. He breathed his last at Mumbai's Breach Candy Hospital. If Ratan Tata had any children, then perhaps the question of who would be his successor would never have arisen.
On the other hand, there are many names on the list of who will shoulder the responsibility of the Tata group after Ratan Tata's departure. Noel Tata, Ratan Tata's half-brother, is at the forefront. The responsibility of the Tata group will not be on Noel Tata alone, but the new generation of Tatas will also be on their shoulders.
The new generation of Tatas includes Lia, Maya, and Neville - who are the children of Ratan Tata's half-brother Noel Naval Tata. They are steadily making their place within the Tata Group, moving up through the company like other professionals.
Lia Tata is working in a senior position in the group
The eldest Lia Tata has a master's degree in marketing from IE Business School in Madrid, Spain. She joined the Tata Group in 2006 as Assistant Sales Manager at Taj Hotels Resorts and Palaces and now serves as Vice President at The Indian Hotels Company Limited (IHCL), progressing through various roles.
Maya Tata and Neville are also in the race for a successor
Younger daughter Maya Tata has started her career at Tata Capital as an analyst at the group's flagship financial services company. Her brother Neville Tata began his professional journey at Trent, the retail chain his father helped build. Neville is married to Manasi Kirloskar, the heiress of the Toyota Kirloskar Group.
Took command of the company himself in 1991
In 1991, when his uncle JRD Tata stepped down, he took over the leadership of the group. This time was very important for India, as the country began revolutionary reforms to open its economy to the world and usher in an era of rapid growth.
In one of his early moves, Ratan Tata attempted to curb the power of the heads of some of the group's companies. He introduced retirement ages, promoted younger people to senior positions, and increased control over the companies.
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