Home / Business and Economy / Noel Tata Steps Down from Trent After 29 Years
Noel Tata Steps Down from Trent After 29 Years
29 Oct
Summary
- Noel Tata retires as Trent chairman on November 11.
- Bahram Vakil appointed successor effective November 12.
- Trent reports 25% profit growth in September quarter.
Noel Tata is retiring as chairman and director of Trent Ltd on November 11, after a distinguished 29-year association with the Tata Group retailer. The company's board has appointed Bahram Vakil as his successor, effective November 12. Tata will transition to chairman emeritus, a role established to acknowledge his extensive contributions.
This leadership transition aligns with the Tata Group's governance guidelines. The board has also approved the appointments of Rajiv Dube and Kalpana Merchant as additional directors, pending shareholder approval. These changes coincide with Trent's strategic expansion in fashion retail and its developing Star food and grocery business.
Trent recently announced a 25% year-on-year increase in consolidated net profit, reaching ₹468 crore for the September quarter, with revenue up 22% to ₹5,873 crore. The company is actively scaling its retail footprint across fashion, lifestyle, and grocery markets.
