Ratan Tata’s next generation, who has experience of managing popular brands like ‘Zudio’ can pose a challenge in front of Mukesh Ambani’s daughter, Isha Ambani.
Next generation of the TATA family has started entering into different leadership roles of India’s oldest family business of Tata Group. 32 year old Neville Tata, scion of the Tata family, has taken the charge of Star Bazaar. It is the hypermarket division of Tata Group’s retail company, Trent Limited. Neville is the son of Noel Tata, who is chairman of Trent Limited and stepbrother of Ratan Tata.
Who Is Neville Tata?
Neville Tata completed his studies from Bayes Business School. Then he joined Tata Group in 2016 & led the packaged food and beverages division of Trent Limited. Later on he took over a command on TATA’s popular brand ‘Zudio’, which has since become very popular in India.
Neville married Manasi Kirloskar, the daughter of industrialist Vikram Kirloskar, in a private ceremony in 2019.
Neville Tata To Challenge Isha Ambani’s Business?
Zudio had 80 studios 4 years ago which has now reached nearly 560 in 164 cities. Sales at Trent have tripled by their pre-pandemic levels in dollar terms. The Net profit of the business has also surged 12 times.
Mukesh Ambani has given his retail business to his 32-year-old daughter, Isha Ambani. As compared to Trent, the figures of Reliance Retail are not more than 15 percent to 20 percent, according to Ken, a news website. Entry of a new young talent from TATA can create a major challenge for Ambani’s retail business.