Noel Tata will step down as chairman of Trent Ltd later this year, bringing to a close nearly 30 years of association with the Tata Group's retail business.
The announcement was made during Trent's 47th Annual General Meeting on June 23, where Tata indicated that it would be his final AGM as chairman ahead of his 70th birthday in November.
His retirement follows the Tata Group's governance framework, under which non-executive directors retire upon reaching the age of 70.
A key architect of Trent's growth, Noel Tata joined the company's board in 1998 after the business was formed following the divestment of Lakme. He became Trent's first managing director in 1999 and subsequently took over as chairman.
During his tenure, Trent evolved from a single-store operation into one of India's leading fashion and lifestyle retailers. The company now operates more than 1,200 stores across brands including Westside, Zudio and Star, with revenue reaching Rs 19,701 crore in FY26.
Addressing shareholders at the AGM, Tata expressed confidence in the company's long-term prospects, highlighting opportunities across new categories, geographic expansion and international markets. He also pointed to Trent's significant gains in revenue and profitability in recent years, saying the company remains well-positioned to achieve its future growth ambitions.
His departure marks the end of a pivotal chapter for Trent, which has emerged as one of the Tata Group's most successful consumer-facing businesses under his leadersh
