Noel Tata’s son Neville, Bhaskar Bhat inducted by Tata Trusts to board of Sir Dorabji Tata Trust: Report
Neville Tata has been appointed by Tata Trusts to the board of Sir Dorabji Tata Trust (SDTT). Neville Tata is the son of Tata Trusts chairman Noel Tata. Group veteran Bhaskar Bhat has also been inducted.This appointment strengthens Noel Tata’s position whilst elevating Neville, aged 32, to one of the most significant roles within the Tata organisation, positioning him for a substantial future career in the family enterprise, according to an ET report.During Tuesday’s meeting, the trustees amended Venu Srinivasan’s position from lifetime to a three-year term, adhering to new Maharashtra government regulations that limit lifetime trustee appointments, directly affecting Tata Trusts’ established governance structure.
Who are Neville Tata and Bhaskar Bhat?
Following his graduation from Bayes Business School, Neville commenced his career at Trent in 2016 in the packaged foods and beverages division. Subsequently, he took charge of Zudio, a value fashion retailer that has emerged as one of India’s rapidly expanding clothing retail chains.Neville currently serves on the boards of JRD Tata Trust, Tata Social Welfare Trust and RD Tata Trust. Sources indicate he might join Sir Ratan Tata Trust (SRTT), another significant trust that, alongside SDTT, controls over 51% of shares in Tata Sons, the group’s primary holding entity.Bhat, aged 71, graduated from IIT Madras and IIM Ahmedabad, and started his professional journey in 1978 at Godrej & Boyce as a management trainee, before transitioning to the Tata Watch Project, which subsequently evolved into Titan.Throughout his tenure as managing director from 2002 to 2019, spanning 17 years, he guided Titan’s diversification from watches into multiple segments including eyewear, jewellery, fragrances, accessories and sarees. Under his leadership, the company’s market value grew to approximately $13 billion, positioning it as the second-largest listed company in the Tata Group at that time.
