Lawyer and AZB & Partners co-founder Bahram N. Vakil becomes Tata Investment Corporation chairman Thursday, Nov. 12, after Noel N. Tata retired as chairman and director at the close of business Nov. 11.
The company said the succession follows the Tata Group Governance Guidelines. Its filing sets Nov. 11 as Tata’s final day as both director and chairman, with his chairman emeritus role beginning Nov. 12. The company’s annual report lists his board appointment on June 9, 2004, and his appointment as chairman on June 24, 2010.
The filing praised Tata’s tenure, saying the company had “delivered sustained growth and value for its shareholders.”
Vakil’s path to the chair included two recent board roles. Tata Investment appointed him an additional non-executive independent director effective March 12, 2025. The company’s 2025-26 annual report says he became vice-chairman on March 20, 2026.
AZB & Partners identifies Vakil as a co-founder. The firm lists banking and finance, corporate, mergers and acquisitions, and restructuring and insolvency among his practice areas. Its profile also names energy, infrastructure and microfinance as sectors. Tata Investment’s 2025 filing says Vakil holds an LL.M. from Columbia University and is qualified to practice law in India and New York.
Tata Investment describes its business as long-term investment in equity and debt securities across industries. As of March 31, 2026, its portfolio covered 91 companies, with a book value above ₹4,600 crore and an approximate market value of ₹32,000 crore.
The handover is part of the broader set of planned departures from Tata company boards by Noel Tata, covered in EconoTimes’ earlier report on his planned board exits.
The board also selected Abizer Shabbir Diwanji for an additional non-executive independent director position. His appointment is to begin Nov. 12, pending shareholder approval.
