Bahram Vakil Appointed Tata Investment Corporation Chairman as Noel Tata Becomes Chairman Emeritus

Noel N. Tata will retire as the Chairman and Director from the Tata Investment Corporation Limited upon attaining the retirement age stipulated under the Tata Group’s governance guidelines on November 11th 2026. He will be elevated to Chairman Emeritus starting from November 12, 2026. The board of directors has approved the appointment of Bahram Vakil as Chairman of the company from the same date. The board has also approved the appointment of Abizer Shabbir Diwanji as Independent Director.

Noel Tata and Tata Investment Corporation

Noel Tata joined the board of directors on June 9, 2004, and became Chairman on June 24, 2010. His retirement marks an end to over 22 years of service on the board of directors and more than 16 years of service as Chairman. He has been elevated to Chairman Emeritus by the company.

His retirement followed the guidelines set out in the Tata Group Governance Guidelines which state that Non-Executive and Non-Independent Directors are required to retire at the age of 70. His retirement from the board of directors took effect at the end of trading on November 11, 2026.

About Bahram Vakil

Bahram Vakil is one of the co-founders of law firm AZB & Partners with expertise in corporate law, restructuring, insolvency, infrastructure and project finance.

He was Vice Chairman of Tata Investment Corporation from March 2026.

He has been appointed Chairman of the company effective November 12, 2026.

Abizer Shabbir Diwanji Appointed

The board of directors approved the appointment of Abizer Shabbir Diwanji as Additional Director (Non-Executive, Independent).

• Term of office: November 12, 2026 to November 11, 2031.
• Shareholder approval: With shareholder approval.

Diwanji is a Chartered Accountant and founder of Neostrat Advisors LLP. He has previously held the role of Head of Financial Services at KPMG and EY.

What is Tata Investment Corporation?

Tata Investment Corporation Limited is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India as an Investment Company.

• Company: Tata Investment Corporation Limited
• Founded: 1937
• Previously known as: The Investment Corporation of India Limited
• Promoted by: Tata Sons Private Limited
• Main activity: Long term equity investments.
• Regulatory category: NBFC – Investment Company
• Regulator: Reserve Bank of India.

Originally founded by Tata Sons in 1937, the company became an investment company in 1959. The company primarily invests in listed and unlisted equity shares. The majority of income received is through dividend, interest and profit on sale of investment.