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Sunday, August 01, 2010

Noel Tata steps down as Trent MD


N. N. Tata, on stepping down as the Managing Director of Trent, has been appointed as the Managing Director of Tata International Ltd. Tata will continue his association with Trent as its non executive Vice Chairman. N. N. Tata has overseen the profitable growth of Trent from a single store company in 1998 to over 90 stores across its retail formats - Westside, Star Bazaar, Landmark, Fashion Yatra, Sisley and Zara. During this period, Trent has entered into a strategic franchise and sourcing agreement with the well-known international retailer Tesco of UK for the Star Bazaar business. Under N. N. Tata’s leadership, the consolidated turnover of Trent has increased from Rs80mn in FY99 to Rs11.37bn in FY10.



Tata International is in a wide range of businesses, including leather and trading of a variety of products like minerals, steel, ferroalloys and engineering products. Through its 100% held subsidiary Tata Africa Holdings Ltd., it is present in 11 countries in Africa engaged in distribution and marketing of commercial vehicles and other products, in general trading and acting as the lead arm to help other Tata Group companies enter the growing African market. Tata International is also present in China, South East Asia and West Asia.