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India.com
2 days ago
- Business
- India.com
Meet Maya Tata, youngest scion of Tata group, new board of trustee for..., Ratan Tata was her..., father is...
The Tata Group is one of India's biggest and most respected business houses, famous for its work in everything from salt and steel to cars cand software. Now, a new generation from the Tata family is slowly being prepared to carry forward this powerful legacy. One of them is Maya Tata, a 34-year-old member of the Tata family who chooses to stay away from the public eye. Guided by Ratan Tata Maya has recently been appointed to the board of trustees for the Sir Ratan Tata Industrial Institute (SRTII), which is part of the Sir Ratan Tata Trust, one of the two main shareholders of the group holding company Tata Sons. Along with her siblings, Leah and Neville, Maya was mentored by none other than Ratan Tata, the legendary former chairman of the Tata Group. He helped them prepare to eventually take on bigger roles in the business empire. A family of legacy Maya comes from a family with a rich and impressive business background. She is the daughter of Noel Tata, who is Ratan Tata's half-brother, and Aloo Mistry, the daughter of late billionaire Pallonji Mistry. Aloo is also the sister of Cyrus Mistry, who once served as chairman of the Tata Group. This makes Maya closely connected to both the Tata and Mistry business families. Maya's grandfather was Naval Tata, who was adopted into the Tata family. He married Simone Tata, Maya's grandmother, who played a big role in building two well-known brands like Lakmé, the cosmetics company, and Trent, which runs popular stores like Westside. Education and early career Maya completed her studies in the UK, attending the well-known Bayes Business School and the University of Warwick. With this strong academic foundation, she stepped into the world of business by joining the Tata Opportunities Fund, which is a part of Tata Capital. While working there, Maya focused on portfolio management and investor relations, two key areas that helped her understand how large businesses function and grow. It gave her a good grip on the financial side of running a company. Moving to Tata Digital Things changed when the Tata Opportunities Fund was closed, but instead of stepping back, Maya shifted her focus to a new and growing part of the business ie.e. Tata Digital. Tata Digital is the company's way of tapping into India's fast-growing digital market. Under group chairman N Chandrasekaran, the Tata Group invested over Rs.1,000 crore in this space. Maya joined the team just as they were preparing to launch the Tata Neu App, a one-stop platform that combines shopping, payments, travel bookings, and more into a single app. Learning from the best One of the most special parts of Maya's journey is the personal mentorship she's receiving from Ratan Tata, her half-uncle and one of India's most admired business leaders. He has brought Maya and her siblings, Leah and Neville, onto the board of the Tata Medical Centre Trust, giving them early exposure to leadership roles in important parts of the Tata ecosystem. Even though she stays away from the spotlight, Maya Tata is slowly but steadily building her experience to her playing a meaningful role in the future of the Tata Group. A Family of achievers Maya's aunt, Rohiqa Mistry, who is the wife of the late Cyrus Mistry (former chairman of the Tata Group), is one of India's richest women, with a reported net worth of around Rs. 56,000 crore. Her family connections place her at the crossroads of two of India's most powerful business houses — the Tatas and the Mistrys.
Time of India
02-06-2025
- Business
- Time of India
Tata to fuel new ventures engine with ₹30,000 crore more, to hire new digital CEO soon
Mumbai: Tata Sons is injecting fresh capital of ₹30,000 crore ($3.5 billion) into its emerging ventures, including Tata Digital , Tata Electronics and Air India , as well as the defence and battery units. The investment will be through equity infusion, said people familiar with the matter. The defence business has recently been reaffirmed as a strategic priority, according to officials. The Tata Sons board approved the latest allocation at a meeting held on Thursday, said the people cited. This funding will be in addition to the $120 billion committed to new businesses in recent years. "The capital infusion is considered part of the holding company's plan to meet requirements at the execution level, necessary to scale the new businesses for their next phase of growth," said a group executive. Announcement of New Tata Digital CEO Soon 'A sizeable commitment has already been made by Tata Sons. Now, all further investments will be done on a priority basis and new businesses will have to earn the right to seek such investments,' the executive said. These businesses are big focus areas and Tata Sons is of the view that their gestation period is over, and it's time for them to prioritise execution and deliver profitable growth. It's seen as a strategic effort to maintain the group's long-term competitive edge in a rapidly changing global business landscape, amid disruptions driven by artificial intelligence (AI) and other emerging technologies. Tata Electronics and Tata Digital already figure in the top 10 group businesses. 'The goal for the new businesses is to rank among the top five group companies by revenue and attain profitability by FY27. Group chairman (N Chandrasekaran) is now keeping close track of the progress of the new businesses,' an executive said. The holding company will also soon announce a new chief executive for Tata Digital, which has faced challenges, including the recent exit of Naveen Tahilyani as CEO within a year of taking the top job. In a move to sharpen his focus on these priorities, Chandrasekaran recently stepped down from the board of Tata Chemicals. Chandrasekaran, 62, took charge as Tata Sons chairman in February 2017 and got another five-year term at the helm in 2022. How It's Faring After strong gains during 2020-24, Tata Group companies hit speed breakers in FY25. Revenue growth slowed to 4.9%, down from 12% in FY24. Net profit rose 10.7%, a sharp slump from the 28% surge the year before. Operating margins held steady at 10%, compared with 11% in FY24. Some of the businesses have been cyclical, apart from the uncertain geopolitical situation and economic challenges impacting growth, said people with knowledge of the matter. While group debt declined 6% to Rs 3 lakh crore in FY25, over half the companies still posted double-digit topline growth, signalling underlying resilience. Tata Consultancy Services (TCS) remained the group profit engine. It contributed 51% of group net profit, though down from 54%. Despite operational stability, investor sentiment was less positive. The group lost nearly 8% of its market capitalisation in FY25, after a 45% gain in FY24. The latest infusion is being routed through equity since Tata Sons voluntarily surrendered its certificate of registration with the Reserve Bank of India (RBI) last year and repaid more than Rs 20,000 crore in debt to remain unlisted.
India.com
02-06-2025
- Business
- India.com
Noel Tata's BIG plan, will inject Rs 300000000000 in…, will soon hire…
Tata Sons is set to infuse Rs 30,000 crore ($3.5 billion) in fresh capital into its growing ventures like Tata Digital, Tata Electronics, Air India, and also in its defence and battery businesses. The investment will be done through equity infusion, according to the Economic Times report. It will lead their next phase of growth. This investment is approved by the board, as an addition to the earlier plan of $120 billion. 'The capital infusion is considered part of the holding company's plan to meet requirements at the execution level, necessary to scale the new businesses for their next phase of growth,' said a group executive to Economic Times The report also claimed that the announcement of New Tata Digital CEO will be made by the company soon. These businesses are part of big sectors. Tata Electronics and Tata Digital already figure in the top 10 group businesses. Tata Sons thinks that their gestation period is now over, and now they need to focus on execution and profitable growth. Group chairman (N Chandrasekaran) is now keeping close track of the progress of the new businesses as reported by ET. Tata Digital faced challenges after the exit of Naveen Tahilyani as CEO within a year of him taking the top job. So now Tata Sons will soon announce a new chief executive for this company. In a move to sharpen his focus on these priorities, Chandrasekaran recently stepped down from the board of Tata Chemicals. Chandrasekaran, 62, took charge as Tata Sons chairman in February 2017 and got another five-year term at the helm in 2022. In a similar move, Tata Sons Chairman N Chandrasekaran stepped down as chairman and director of Tata Chemicals on May 29, a regulatory filing said. The board of directors have appointed S Padmanabhan, Director of the Company, as the Chairman of the Board with effect from May 30, 2025. Besides, based on the recommendations of the Nomination and Remuneration Committee, the board appointed Modan Saha as an Additional Director (Non-Executive, Non-Independent) with effect from May 28, 2025. (With inputs from PTI)
Time of India
02-06-2025
- Business
- Time of India
Tata to fuel new ventures engine with ₹30,000 crore more, to hire new digital CEO soon
Announcement of New Tata Digital CEO Soon ADVERTISEMENT ADVERTISEMENT How It's Faring ADVERTISEMENT Mumbai: Tata Sons is injecting fresh capital of ₹30,000 crore ($3.5 billion) into its emerging ventures, including Tata Digital Tata Electronics and Air India , as well as the defence and battery units. The investment will be through equity infusion, said people familiar with the defence business has recently been reaffirmed as a strategic priority, according to officials. The Tata Sons board approved the latest allocation at a meeting held on Thursday, said the people cited. This funding will be in addition to the $120 billion committed to new businesses in recent years."The capital infusion is considered part of the holding company's plan to meet requirements at the execution level, necessary to scale the new businesses for their next phase of growth," said a group executive.'A sizeable commitment has already been made by Tata Sons. Now, all further investments will be done on a priority basis and new businesses will have to earn the right to seek such investments,' the executive businesses are big focus areas and Tata Sons is of the view that their gestation period is over, and it's time for them to prioritise execution and deliver profitable seen as a strategic effort to maintain the group's long-term competitive edge in a rapidly changing global business landscape, amid disruptions driven by artificial intelligence (AI) and other emerging Electronics and Tata Digital already figure in the top 10 group businesses.'The goal for the new businesses is to rank among the top five group companies by revenue and attain profitability by FY27. Group chairman (N Chandrasekaran) is now keeping close track of the progress of the new businesses,' an executive holding company will also soon announce a new chief executive for Tata Digital, which has faced challenges, including the recent exit of Naveen Tahilyani as CEO within a year of taking the top a move to sharpen his focus on these priorities, Chandrasekaran recently stepped down from the board of Tata Chemicals. Chandrasekaran, 62, took charge as Tata Sons chairman in February 2017 and got another five-year term at the helm in strong gains during 2020-24, Tata Group companies hit speed breakers in growth slowed to 4.9%, down from 12% in FY24. Net profit rose 10.7%, a sharp slump from the 28% surge the year before. Operating margins held steady at 10%, compared with 11% in of the businesses have been cyclical, apart from the uncertain geopolitical situation and economic challenges impacting growth, said people with knowledge of the group debt declined 6% to Rs 3 lakh crore in FY25, over half the companies still posted double-digit topline growth, signalling underlying resilience. Tata Consultancy Services (TCS) remained the group profit engine. It contributed 51% of group net profit, though down from 54%.Despite operational stability, investor sentiment was less positive. The group lost nearly 8% of its market capitalisation in FY25, after a 45% gain in latest infusion is being routed through equity since Tata Sons voluntarily surrendered its certificate of registration with the Reserve Bank of India (RBI) last year and repaid more than Rs 20,000 crore in debt to remain unlisted.
Time of India
31-05-2025
- Business
- Time of India
Tata Digital leases 59,000 sq ft office space in Mumbai's Lower Parel
Tata Group 's digital business entity Tata Digital has leased nearly 59,000 sq ft office across three floors of a commercial tower in Mumbai 's Lower Parel for a five-year term. The company will be paying monthly rentals of Rs 1.05 crore and common area maintenance (CAM) charges of Rs 12.32 lakh, translating to a blended outgo of around Rs 1.18 crore per month. The agreement includes a clause to escalate rentals by 5% every year. Tata Digital is entitled to a rent-free period from February 1 to July 15, 2025, with the license fee becoming payable from July 16, showed the documents accessed through CRE Matrix. The deal covers units across 15th, 16th, and 17th floors of one of the towers of One International Centre . The transaction was registered on March 17 and the lease commencement date is February 1. The tenant has paid a security deposit of Rs 7.07 crore for the transaction. The deal also includes the provision of 49 car parks, with additional slots charged at Rs 10,000 per month each. ET's email query to Tata Digital and the property owner Nucleus Office Parks remained unanswered until the time of going to press. India's office leasing activity has remained resilient in 2025, driven by strong demand from global capability centers (GCCs), In line with this, the country's top business districts are witnessing a steady and sustained rise in demand for front offices.
