Industrialist and former Tata Group chairman Ratan Tata died at the age of 86 at Breach Candy Hospital in Mumbai on Wednesday night, October 9. His death marks the end of an era of expansion and contributing to philanthropic endeavours.
After the death of well-known industrialists, condolences were received across the world. Tata Sons chairman N Chandrasekaran expressed grief over his death, stating a “friend, mentor and guide”.
"We are deeply saddened to bid farewell to Mr. Ratan Naval Tata, an extraordinary leader whose vast contributions have not only shaped the Tata Group but also left an indelible mark on the nation,” said Chandrasekaran.
After Tata's demise, the question here is raises that who will be his succession. Speculation as spark that who will lead the legacy of the $3,800-million Tata empire as Ratan Tata had no children. N Chandrasekaran has been chairman of Tata Sons since 2017, but discussions over future leadership have intensified. Several members of the Tata family play key roles in the business and succession planning is underway.
Future of Tata Group Leadership
As the Tata Group navigates this transformation, Noel Tata and his children are expected to play a key role in shaping the future. Several family members hold leadership roles in different parts of the company in motion.
Noel Tata:
Ratan Tata's brother, Noel Tata, can be seen as the leading candidate for succession. With his wealth of experience and strong family connections with the Tata Group, Noel is seen as a potential key candidate to carry on the legacy of the Tata Group.
Maya, Neville, Leah Tata
Noel Tata's three children, Maya, Neville, and Leah, are considered possible heirs. Maya Tata has played a key role in the Tata Group's digital initiatives, including the launch of New Tata. Neville heads the Tata Group retail division, running the Star Bazaar chain. Leah supports Tata Tata's hospitality department, adding to the group's operations.