Tata Investment Corporation Limited has announced changes to its Board of Directors following a Board meeting held on November 11, 2026. The company has appointed Mr. Bahram Vakil as its new Chairman and Mr. Abizer Shabbir Diwanji as an Additional Non-Executive Independent Director. Mr. Noel N. Tata will retire as Chairman and Director and take on the role of Chairman Emeritus.
Noel N. Tata to Retire as Chairman and Director
Mr. Noel N. Tata (DIN: 00024713) will retire from the office of Chairman and Director of Tata Investment Corporation with effect from the close of business hours on November 11, 2026.
According to the company, Mr. Tata has been on its Board since June 9, 2004, and became Chairman on June 24, 2010. The company stated that he provided leadership and strategic direction during his tenure. The Board also placed on record its appreciation for his contributions over the past 22 years.
The Board has appointed Mr. Noel N. Tata as Chairman Emeritus with effect from November 12, 2026.
Bahram Vakil Appointed as Chairman
Following Mr. Noel N. Tata's retirement, the Board has appointed Mr. Bahram Vakil (DIN: 00283980) as Chairman of Tata Investment Corporation with effect from November 12, 2026.
The company stated that Mr. Bahram Vakil is not related to any other Director of the company. It also confirmed that he is not debarred from holding the office of Director by any order of the Securities and Exchange Board of India or any other authority.
Abizer Shabbir Diwanji Appointed as Independent Director
The Board has approved the appointment of Mr. Abizer Shabbir Diwanji (DIN: 02540442) as an Additional Director in the Non-Executive Independent category, based on the recommendation of the Nomination and Remuneration Committee.
His appointment will take effect from November 12, 2026. The Board has also approved his appointment as an Independent Director for a five-year term, from November 12, 2026, to November 11, 2031. The appointment is subject to shareholder approval.
The company stated that Mr. Abizer Shabbir Diwanji is not related to any other Director of the company. It also confirmed that he is not debarred from holding the office of Director by any order of SEBI or any other authority.
Profile of Abizer Shabbir Diwanji
Mr. Abizer Diwanji is a Chartered Accountant and a rank holder. He is the Founder of NeoStrat Advisors LLP, a firm focused on special situations advisory, board engagements and learning initiatives.
Before starting NeoStrat Advisors, he worked as the head of financial services across KPMG and EY for 20 years. He joined EY as the head of financial services and later started its Restructuring business.
He also served as the Chief Operating Officer of SBUT, where his work focused on tenant management, operations and government approvals.
In the academic field, he teaches the Investment Banking course at SP Jain Management Institute. He is also the Course Director for the PGIP course conducted by the Indian Institute of Corporate Affairs, Manesar. In addition, he is a visiting faculty member at IIM Ahmedabad and SIMSREE.
Board Meeting Details
The Board meeting of Tata Investment Corporation was held on November 11, 2026. The meeting started at 3:30 p.m. and concluded at 5:00 p.m.
The company stated that the details of the director changes were disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company also made the announcement available on its website.