Non-Indian entrepreneur, Noel Tata, and Ratan Tata, the former chairman of Tata Sons, share a relationship as Noel Tata holds a significant 18.4% stake in the company. His heritage hails from...
Ready to dive into some serious business talk? Let's chat about the power players in the Tata Group.
Noel Tata, the big cheese at Tata Trusts, is none other than the brother-in-law of Ratan Tata, thanks to his marriage to Shapoor Mistry's sister, Aloo Mistry. That gives Noel a pretty sweet connection to the late Ratan Tata.
Now, who's this Shapoor Mistry chap? He's the eldest son of the late Pallonji Mistry and heads the 159-year-old Shapoorji Pallonji Group. The Mistry clan has a significant stake in Tata Sons, the holding company for the Tata Group. Shapoor was born in 1964 to Pallonji Mistry and Patsy Perin Dubash, and he's got two sisters and a younger brother, the late Cyrus Mistry, who once held the big seat at Tata Sons.
Shapoor, along with Cyrus Mistry's sons Firoz Mistry and Zahan Mistry, manages an impressive 18.4% stake in Tata Sons, valued at around $130 billion – a tidy chunk of the $165 billion Tata Group pie. Shapoor's Irish citizenship adds an interesting twist to his profile.
The Shapoorji Pallonji Group is famous for its engineering and construction prowess, with a revenue of $30 billion. However, Shapoor's faced some tough times, dealing with the family business's debt and the loss of his father and brother in 2022. He's now at the helm of both the family and the business empire, with a net worth reportedly hitting $20.4 billion as of October 2024.
The Shapoorji Pallonji Group has been grappling with financial issues, so Shapoor's initiated restructuring measures to strengthen operations and improve cash flow by creating S.P. Finance and S.C. Finance. He's also grooming the next generation, including his son and Cyrus's two sons, for leadership positions within the group.
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Fun Fact: The Shapoorji Pallonji family holds the largest private stake in Tata Sons, while Tata Trusts control the majority stake. Noel Tata's connection to this stake comes through his marital ties to the Mistry family.
(Source: various sources, including but not limited to The Hindu, Business Standard, LiveMint, and DNA)
- Despite facing financial challenges with the Shapoorji Pallonji Group, Shapoor Mistry, the eldest son of the late Pallonji Mistry, manages an impressive 18.4% stake in Tata Sons, worth approximately $130 billion, a significant portion of the $165 billion Tata Group.
- Noel Tata, a key player in the Tata Trusts, shares a connection to the Tata Group through his marital ties to the Mistry family, who hold the largest private stake in Tata Sons. This connection stems from his brother-in-law, Ratan Tata, and his maternal connection to Shapoor Mistry.
- Beyond the Tata Group and the business world, Shapoor Mistry, born in 1964, is also known for his involvement in the Indian film industry, serving as a producer for various Bollywood films, showcasing his diverse interests beyond finance and business.
