New Delhi: Ratan Tata‘s half-brother Noel Tata has been appointed as the new chairman of Tata Trusts. Ratan Tata died late on Wednesday night at the age of 86. In the meeting of Tata Trusts on Friday, it was decided to elect Noel Tata as the successor of Ratan Tata. Noel also holds important responsibilities in Tata Group. He is involved as President and Vice-President in many Tata Group companies. Apart from this, Noel is also on the board of many Tata Group companies. He is the President of Trent, Voltas and Tata Investment Corporation. He is also the Vice President of Tata Steel and Titan Company Limited. The shares of the companies of which Noel is the President have given more than double returns to investors in a year. One of them has increased the investment more than three times.
Noel Tata Net Worth: What is the net worth of Noel Tata, who became the successor of Ratan Tata, who is in the family
1. Trent Ltd
The share price of this company is currently Rs 8231. It gained 2.52 percent on Friday. This share has almost tripled the investors’ money in a year. It has given returns of about 292 percent in one year. If you had invested Rs 1 lakh in it a year ago, its value today would have been Rs 3.92 lakh.
This company of Tata Group is a retail company. It was started in 1998 in Mumbai. This company has many fashion brands. These include Westside, Zudio, Utsa, Samoh, Misbu and Star Bazaar. The company has more than 890 stores. The company’s revenue in the first quarter of FY 25 was around Rs 4 thousand crores. The company’s earnings have increased almost 5 times in the last 5 years.
2. Tata Investment Corporation Ltd
Noel Tata is also the President of this company. Currently its share price is Rs 7040. On Friday, the shares of this company rose by about 1.70 percent. It has given returns of about 118 percent in one year. If you had bought shares of this company worth Rs 1 lakh a year ago, today your investment would have increased to Rs 2.18 lakh.
It is a non-banking finance company (NBFC). It is registered under the category of investment company under RBI. This company is mainly concerned with long term investments. The company invests in equity shares, loans, listed and unlisted and equity related securities of companies across multiple industries.
3. Voltas Ltd
Voltas is also a Tata Group company. The shares of this company have also doubled the amount of investors in one year. Currently its share price is Rs 1791.45. It gained 0.83 percent on Friday. This stock has given about 108 percent return in one year. That means it has converted an investment of Rs 1 lakh into Rs 2 lakh.
This Tata Group company is a multinational home appliance company. Its headquarters is in Mumbai. This company manufactures air conditioners, coolers, refrigerators, washing machines etc. This company was started in 1954. The products of this company are sold all over the world. The company has presence in the Middle East, Southeast Asia and Africa.
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