Noel Tata to step down as Trent chairman after 29 years on November 11; Bahram Vakil set to succeed him

Noel N. Tata will step down as chairman and director of Trent Ltd on November 11, ending nearly three decades at the helm of the Tata Group retailer, with the company's board appointing Bahram Vakil as his successor from November 12.

Tata, who has been associated with Trent since 1997, will assume the role of chairman emeritus from November 12 in recognition of his contribution to the company, Trent said in a regulatory filing.

Also read: Trent’s big expansion plans: More Zudio & Westside stores, deeper Tier 2-3 push and Indian brands going global


The leadership transition is in line with the Tata Group Governance Guidelines, which prescribe requirements for board composition, committees and director retirement.

The board also approved the appointment of Rajiv Dube as an additional non-executive, non-independent director from October 30, subject to shareholder approval.

Kalpana Merchant has been appointed an additional director and independent director for a three-year term from October 30, 2026, also subject to shareholder approval.

Trent reshuffles board as retail business expands

Trent said Tata had provided strategic direction and leadership during his tenure, helping the company strengthen its market position and deliver growth for stakeholders. The board placed on record its appreciation for his contributions over the past 29 years.

Tata is also chairman of Tata Trusts, the majority shareholder in Tata Sons, the holding company of the Tata Group.

The board changes come as Trent expands its retail operations through fashion brands Westside and Zudio, while building its Star food and grocery business.

Profit rises 25% as Trent eyes next phase of growth

Trent reported a 25% year-on-year increase in consolidated net profit to Rs 468 crore for the September quarter, while revenue rose 22% to Rs 5,873 crore.

Vakil's appointment comes as the retailer continues to scale its footprint across fashion, lifestyle and grocery markets.

The leadership transition marks a new phase for Trent following Tata's long association with the company.