Mehli Mistry may be appointed a permanent Trustee on Tata Trusts, said sources. Mehli is a director of the Meher Pallonji Group, and part of the executive committee overseeing the functioning of Tata Trusts.

Noel Tata Appointed Chairman of Tata Trusts: Noel Naval Tata was Friday named the successor of Ratan Tata at Tata Trusts, the majority owner of Tata Sons, the holding company of the Tata group. He will now guide the $165 billion conglomerate at a time when the group faces several challenges globally and domestically.

Noel Tata -- the half-brother of late Rata Tata -- who takes over as chairman of Tata Trusts, has been with the Tata Group for over four decades, slowly rising through the ranks in the salt-to-software conglomerate.