Noel Tata steps down as Tata Investment Corp chairman, named chairman emeritus; Bahram Vakil to take over

Noel Tata resigned on Wednesday as the chairman of Tata Investment Corporation and has been made chairman emeritus, thereby bringing about a change in the leadership of the Tata Group’s investment vehicle. Bahram Vakil has been appointed as the new chairman of the company.

The effective date of Tata’s appointment as chairman emeritus will be November 12, 2026, as per a stock exchange filing.

According to the governance structure of the Tata Group, 70 years is the mandatory age of retirement for Non-Executive, Non-Independent Directors.