A major leadership change has taken place at Tata Investment Corporation as Noel Tata steps down as chairman after more than 16 years in the position. The company has appointed senior corporate lawyer Bahram Vakil as its new chairman from November 12, 2026.
Noel Tata retired as chairman and director at the close of business on November 11. He joined the company board in 2004 and became chairman in June 2010. In recognition of his contribution, the board has appointed him chairman emeritus. The decision follows Tata Group governance guidelines, which set 70 as the retirement age for non executive and non independent directors. Noel Tata turned 70 this month.
Bahram Vakil is the co founder of leading law firm AZB and Partners. He has experience in corporate law, business restructuring, insolvency and project finance. He was also serving as vice chairman of Tata Investment Corporation before this appointment. The company has also appointed Abizer Shabbir Diwanji as an additional independent director for five years, subject to shareholder approval. This change is part of a wider leadership transition across Tata Group companies. Noel Tata is also stepping down from several company board positions. However, he will continue as chairman of Tata Trusts and remain a nominee director on the Tata Sons board. The development marks an important change in the leadership structure of one of India biggest business groups.
