Noel Tata to be MD at Tata International
53-year-old Noel Tata will be managing director at Tata International, which is a leather and engineering trading company having a presence in 10 African nations. The company is looking for increasing its revenue two fold to $1 billion in two years. Noel Tata grew the retail business more than 10-fold in less than a decade.
Ratan Tata, the 73-year-old chairman, on Thursday said, “we pledge to sustain his legacy.’ A senior Tata Sons executive on the move to appoint Noel to head Tata International said,” Africa is one of the largest markets and any business plan needs to be tested there to succeed,” Some analysts are seeing the assignment a test for Noel Tata to prove his mettle to get the top throne.
Tata’s increasing revenues from overseas markets and acquisitions of high profile companies like Jaguar-Land Rover have not yet given it a high profile status of are yet to an international commensurate. Ratan Tata told a conference in November,
“The successor, I would hope, would have integrity and our value systems in the forefront and hopefully would carry on the path that we have tried to set for the company’s growth,” While some believe that a professional will be more suitable to head the Tata empire, other feels that the surname of Tata will be more dedicated to the cause of the business.
