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Bahram N. Vakil has been appointed as the chairman of the retail major Trent Ltd, effective November 12. The transition follows the resignation of Noel Tata, who stepped down on November 11 after a tenure of nearly three decades with the company. Trent, a prominent retail chain within the Tata Group, currently holds a market capitalization of Rs 1.63 lakh crore. The leadership change occurs amid reports of evolving dynamics between the Tata Sons board and Tata Trusts. Vakil, a co-founder of the law firm AZB & Partners, brings a background in corporate law, financial restructuring, and insolvency to the role. His appointment follows his entry into the Tata Investment Corporation board in March 2025, where he serves as vice-chairman and an independent director. Prior to his appointment at Trent, Vakil’s name had been discussed in relation to potential vacancies on the Tata Sons board. A graduate of Columbia University with an LL.M. and a member of the New York State Bar, Vakil is recognized for his expertise in infrastructure and project finance. His professional background includes advising distressed funds, insolvency professionals, and both domestic and international banks. He has also been involved in the resolution of large stressed accounts referred by the Reserve Bank of India (RBI). Vakil has held several institutional roles, including membership in the RBI’s Task Force on the Development of the Secondary Market for Corporate Loans and the Financial Sector Legislative Reforms Committee. In 2023, he chaired the ASSOCHAM National Council on Insolvency & Bankruptcy Code and Valuation and served on the Insolvency Law Academy’s Thought Committee on Bank Insolvency. Additionally, he was a member of the expert committee tasked with recommending reforms to arbitration law. Colleagues and legal publications have noted Vakil’s approach to complex negotiations and his understanding of global economic trends. Regarding his work in policy and legislative reform, Vakil has previously stated that his firm’s involvement with institutions like the RBI and SEBI is driven by a focus on India-centric outcomes and the integrity of the legal process. Article source: Indian Express | Image credit: Indian Express
Bahram N. Vakil has been appointed as the chairman of the retail major Trent Ltd, effective November 12. The transition follows the resignation of Noel Tata, who stepped down on November 11 after a tenure of nearly three decades with the company. Trent, a prominent retail chain within the Tata Group, currently holds a market capitalization of Rs 1.63 lakh crore. The leadership change occurs amid reports of evolving dynamics between the Tata Sons board and Tata Trusts. Vakil, a co-founder of the law firm AZB & Partners, brings a background in corporate law, financial restructuring, and insolvency to the role. His appointment follows his entry into the Tata Investment Corporation board in March 2025, where he serves as vice-chairman and an independent director. Prior to his appointment at Trent, Vakil’s name had been discussed in relation to potential vacancies on the Tata Sons board. A graduate of Columbia University with an LL.M. and a member of the New York State Bar, Vakil is recognized for his expertise in infrastructure and project finance. His professional background includes advising distressed funds, insolvency professionals, and both domestic and international banks. He has also been involved in the resolution of large stressed accounts referred by the Reserve Bank of India (RBI). Vakil has held several institutional roles, including membership in the RBI’s Task Force on the Development of the Secondary Market for Corporate Loans and the Financial Sector Legislative Reforms Committee. In 2023, he chaired the ASSOCHAM National Council on Insolvency & Bankruptcy Code and Valuation and served on the Insolvency Law Academy’s Thought Committee on Bank Insolvency. Additionally, he was a member of the expert committee tasked with recommending reforms to arbitration law. Colleagues and legal publications have noted Vakil’s approach to complex negotiations and his understanding of global economic trends. Regarding his work in policy and legislative reform, Vakil has previously stated that his firm’s involvement with institutions like the RBI and SEBI is driven by a focus on India-centric outcomes and the integrity of the legal process.
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