Sunil D’Souza to Succeed Noel Tata as Voltas Chairman; Jayant Balan Named Next MD

Voltas Limited appoints Sunil Alaric D’Souza as Chairman and Venkatesalu Palaniswamy as a Non-Executive Non-Independent Director, both effective from November 12, 2026. Jayant Balan appoints as Managing Director, effective May 25, 2027. Additionally, Noel N. Tata retires as Chairman and Director, effective November 11, 2026. Meanwhile, Mukundan Menon C.P. will complete his tenure and will cease to be a Managing Director, effective May 24, 2027.

Balan served as CEO of Voltbek Home Appliances Private Limited fom 2019 and was promoted to Head – Room Air Conditioner Business in January 2026. He joined the Tata Group in 1999 as part of the Tata Administrative Services and moved to Voltas in 2001. He is a mechanical engineer and holds a PGDM from SP Jain Institute of Management & Research.

Palaniswamy is the Managing Director of Trent Limited, having previously served as its Executive Director and CEO. He joined Trent in 2008 and brings over two decades of strategic business experience. Before that, he was associated with Tata Administrative Services and served on the Group Finance team at Tata Sons Limited.

He is a commerce Graduate and an alumnus of Harvard Business School (Advanced Management Program), and holds a Master’s in Management from Symbiosis (SIIB) Pune, and a CFA from the Institute of Chartered Financial Analysts of India (ICFAI).

D’Souza is the Managing Director and CEO of Tata Consumer Products Limited and a Non-Executive Director of the Company since May 2026. With more than 33 years of experience in the consumer goods sector, he previously led Whirlpool India as Managing Director and spent nearly 15 years at PepsiCo in senior leadership roles. He began his career at Hindustan Unilever in 1993 and also serves on the boards of several Tata Group companies.

He holds a degree in engineering from the University of Madras and is an alumnus of the Indian Institute of Management, Calcutta (IIM-C).