Bahram Vakil, co-founder of law firm AZB & Partners, will succeed Noel N. Tata as chairman of Trent Ltd from November 12, 2026. The leadership transition follows Tata’s decision to step down as chairman and director on November 11, ending his nearly three-decade association with the Tata Group retailer.
Trent’s board approved Vakil’s appointment at its meeting on October 29. Tata, who has been associated with the company since 1997, will become chairman emeritus from November 12 in recognition of his contribution to the company.
Who Is Bahram Vakil?
Vakil is one of the co-founders of AZB & Partners and has extensive experience in restructuring, bankruptcy, infrastructure and project finance law. He holds an LLM from Columbia University and is qualified to practise law in India and New York.
He has advised distressed funds, insolvency professionals and domestic and international banks. Vakil has also served on government committees dealing with financial reforms, foreign direct investment and securities market reforms.
He currently serves as a non-executive, non-independent director on Trent’s board. His other board positions include BASF India and Tata Investment Corporation, where he is vice-chairman and independent director.
Trent Announces Other Board Changes
The company has also approved the appointment of Rajiv Dube as an additional non-executive, non-independent director from October 30, subject to shareholder approval.
Kalpana Merchant has been appointed an additional director and independent director for a three-year term from October 30, 2026, also subject to shareholder approval.
The changes come as Trent expands its retail operations through brands such as Westside and Zudio, alongside its Star food and grocery business.
Trent Reports 25% Profit Growth
Trent reported a 25% year-on-year increase in consolidated net profit to ₹468 crore for the September quarter of FY27. Revenue rose 22% to ₹5,873 crore.
The leadership transition marks a new phase for the retailer as it continues to expand its presence across fashion, lifestyle and grocery markets.
