Noel Tata Steps Down as Tata Investment Chairman, Succeeded by Bahram Vakil

Tata Investment Corporation announced that Noel N. Tata has retired as its Chairman and Director in line with Tata Group governance guidelines. Bahram Vakil has been appointed as the new Chairman, while Tata will serve as Chairman Emeritus.

• Noel N. Tata retired from his position as Chairman and Director of Tata Investment Corporation at the close of business hours on November 11, 2026.· 1 source
• The departure aligns with Tata Group Governance Guidelines, which set retirement rules for non-executive, non-independent directors at age 70, a milestone Tata reached this month.· 2 sources
• Tata served on the company board for over 22 years starting in June 2004, including more than 16 years as Chairman after his appointment in June 2010.· 1 source
• The board appointed Bahram Vakil as Chairman effective November 12, 2026, while designating Noel Tata as Chairman Emeritus.· 1 source
• Abizer Shabbir Diwanji, founder of NeoStrat Advisors LLP and former head of financial services practices at KPMG and EY, was named an Additional Non-Executive Independent Director for a five-year term.· 1 source