The Weltanschauung shares that children of Noel Tata, who is the half-brother of late Ratan Tata, owned the Tata Group, which is estimated to be around $165 million, are stepping into politics silently. The Ratan Tata father struggling in the business empires is credited with having helped YSR Conglomerate grow.
Ratan Tata passed away in October. Promoting the use of inexpensive cars and vehicles at unbelievable prices was also his area of interest. Voluntarily carrying out the responsibilities of its chairman, Ratan also had a firm grip in the Tata Trusts that reputedly holds 66% in Tata Group.
He also has the upper hand for M&A deals in companies such as British luxury carmaker Jaguar Land Rover and TCS. Tata Sons, with which they are affiliated, owns cars and lodging businesses.
Maya and Leama, Noel Tata’s daughters, joined Sir Ratan Tata Trust’s SRTI today, as the Economic Times said. These two took the place of Arnaz Kotwal and Freddy Talati.
The reported reduction has led to a civil war, one of the leaving trustees – Arnaz Kotwal – raising the pitch by contacting other trustees expressing her disgust at the manner in which she was told to leave to facilitate new people in as per ET report.
The incorporation of Leah and Maya Tata is being carried out as part of the current succession at the Group.
Tata’s children Noel – Maya, Leah, and Neville – are already in the boards of all the smaller Tata Trusts but have yet to be inducted in the two main ones: Sir Ratan Tata Trust and Allied Trusts and Sir Dorabji Tata Trust and Allied Trusts Sir.
In an effort to bring fresh ideas into the seasoned management of the Tata Trusts, the three were included in the boards of the five philanthropic organizations, affiliates of Sir Dorabji Tata Trust and Sir Ratan Tata Trust.
Leah Tata Leah Tata is an Indian Hotels Company vice president and she is in charge of Gateway Hotels. She is a Board member of the Tata Social Welfare Trust, the Tata Education Trust and the JRD and the Thelma J Tata Trust.
Adhianto CEO, Head of Investment Team
You first started with the Tata Opportunities Fund, and now you’re involved with Tata Education Trust as a chief officer, the RD Tata Trust, and the JRD and Thelma J Tata Trust, all of which are amazing roles. Can you tell us what led you to join the other side right after the fund?
Most of the time, I don’t usually go for interviews, I take phone calls. But this was different – I was interviewed. Once I was back in India after studying in London for two years, I got a chance to work with the CEO of a firm affiliated with the Group. I personally dislike education financed by self-interested parties. Therefore, due to his professional pursuits, he claimed that education financing was a less practical alternative. In case you’re wondering, he subsequently confirmed both that I was educationally attached and that I was employed by the Group.
To put it simply, I couldn't find a better estimate because he offered me an exemplary political argument in which it could have been unimaginable not to have a better alternative. This always leads to what happened first – the realization that there always is a better option rather than an estimate. Then the time came when there was an injustice that had to be corrected.