• Source:JND

Ratan Tata Passes Away: Ratan Tata, the Veteran industrialist and the chairman of Tata Sons took his last breath at 86 on Wednesday at Mumbai's Breach Candy Hospital. India is mourning his death as the country lost one of the greatest businessmen of the time. With Ratan Tata's death, and his having no children, a question that arises curiosity is who will inherit his fortune worth Rs 3,800 crore.

There are several names coming forward including that of Ratan Tata's stepbrother, Noel Tata, who is at the forefront. The responsibility of the Tata Group will not only be on Noel Tata but also on the shoulders of the new generation of Tatas. The latest generation of Tatas includes Lia, Maya and Neville - the children of Ratan Tata's half-brother Noel Naval Tata. They are gradually establishing their presence within the Tata Group, advancing through the organisation like other employees.

Ratan Tata Successor: Lia Works At High Position In Tata Group

The eldest, Lia Tata, holds 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), having progressed through various roles.

Ratan Tata Successor: Maya Tata and Neville Also In Race

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 their father helped build. Neville is married to Manasi Kirloskar, heiress to the Toyota Kirloskar Group.

ALSO READ: Ratan Tata Death: PM Modi, Anand Mahindra Lead Tributes As Nation Mourns Loss Of Business Legend

Ratan Tata Took Command Of The Company In 1991

In 1991, he took over the leadership of the group when his uncle JRD Tata stepped down. This was a crucial time for India, as the country began radical reforms to open up 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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