Noel Tata is married to Aloo Mistry and together they have three children - Leah, Maya and Neville Tata – all actively involved in the family business. Leah Tata is the Vice President at the Indian Hotels Company. While Maya Tata is associated with Tata Capital, Neville Tata is part of Trent and leadership team at Star Bazaar.
He also serves as a trustee on the board of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, which together comprise over 50 percent of the ownership of Tata Sons. These two trusts are the administrative wings and can mutually appoint people to Tata Trust.
Noel Tata was previously considered a potential candidate for the chairmanship of Tata Sons but the reins of the were handed over to Cyrus Mistry, Noel's brother-in-law. However, following Mistry's controversial exit, N Chandrasekaran, the then chief of Tata Consultancy Services (TCS), became the chairman of Tata Sons.