Noel Tata s children - Leah, Neville, and Maya - have been appointed to the boards of five philanthropic organisations of Tata Trusts, which oversees the $150-billion Tata group.
The move is being seen as part of the Trusts succession plan.
Noel Tata s wife Aloo is the daughter of Pallonji Mistry, whose family owns an 18.5 per cent stake in Tata Sons, the holding company of Tata group.
The maiden Rich List reveals that the coveted club of dollar billionaires based in India is worth ₹66.36 lakh crore more than 1/4th of the country’s GDP.