Todays Economic Times carried the front page news of home grown captains in Tatas (above 60 years and below 60 years) who can be the contender for the next Chairman of the Tata group. From this who according to you is the best person for this job? Why?
Noel Tata, half-brother to Tata Group Chairman Ratan, has nurtured the company since 1999, and not been involved in any other business -- with the exception of directorships at Titan and Voltas.
Noel Tata is the chief executive of a mid-size retailer like Trent and that perhaps might not favour him to head a Rs. 2.80,000 croe behemoth like Tata. But going by his genius in not only keeping the Trent afloat during recession time, in the year to March 2010, Trent had total sales of Rs 571.55 crore and profits of Rs 40.22 crore. For a thin-margin business like retailing, that is a very respectable profit margin.
Single handed he built a store brand that is perhaps as well-positioned as Marks & Spencers in Britain, in terms of offering sensible products at sensible prices.
Besides he is a Tata, lets not forget this.
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Despite all talks of inducting out siders in to the management team n choosing the chairman,Mr.Noel Tata the family man will be the next chairman.He has got the qualification,experience n backing of the TATA brand.